Dorfman Capital in Boston said it has completed a Massachusetts historic tax credit sale to help continue operation of the Mount Pleasant Home, a Boston nonprofit elder care organization.

Dorfman Capital arranged a forward commitment to purchase and ultimately sell Massachusetts historic tax credits to an institutional investor. The financing was used toward a $20 million renovation and expansion of the facility, which has provided a home for older men and women of limited means since 1901.

The new renovation and addition has enabled the home to house more residents, improve facilities and systems and lease clinic and office space to a medical practice affiliated with Brigham and Woman’s Hospital.

"Without these tax credits arranged by Dorfman Capital, the $20 million renovation and addition project could not have happened," Mount Pleasant Home Executive Director Merlin Southwick said in a statement.

The current Mount Pleasant Home is a brick colonial Revival built in 1926 and situated on 2.3 partially wooded acres within a diverse mix of urban neighborhoods.