Tree of Life: Transitional Housing for Homeless Women And Children

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The Mayor would also have the authority to appoint the members of this corporation.
B. The retail segment would be leased to a for-profit corporation ("Affiliate B") which would be a wholly-owned subsidiary of Affiliate A, the non- profit tax exempt corporation that operates the housing/social services segment. The net income of Affiliate B would be paid to Affiliate A as an operating subsidy for its housing/social service activities.
Based on this proposed leasing structure, the Chapter 121A p
...ayments of the Parent Corporation, including both the annual payment to the state and the payments required by the City of Boston, would be minimized. Since the gross income of the Parent Corporation is limited to is nominal rent under the proposed leases with Affiliates A and B, the payments would be limited to little more than one percent (1%) of the fair cash value of the. project, as determined annually by the Assessing Department.
other Projects Around the Country A number of transitional housing programs are being developed and operated across the country.


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