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Salem MA 01970
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YWCA

YWCA

Boston, MA

In 2002, Lanie Finbury was a member of the team that renovated the YWCA building on Clarendon Street in Boston’s Back Bay. At the time, the building was in a state of disrepair and was draining the organization’s budget. Lanie proposed the use of historic preservation tax credits as a source of equity capital for renovation costs. Additionally, Lanie researched the history of Boston’s YMCA and worked through the Massachusetts Historic Commission to nominate the building to the National Register of Historic Places. This provided the necessary standing to qualify the project for federal historic rehabilitation tax credits. Most importantly, Lanie provided guidance on a complicated master lease structure to help this not-for-profit organization. The new structure allowed the YWCA to lease back office space in the new building for its own program while also generating third party income from the remainder of the space to pay the building’s rehabilitation costs. The implementation of Lanie’s plan helped to make this project a reality.

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