Affordable Housing

Shelbyville, Indiana

Historic and Low-Income tax credits totaling $2.4 million were syndicated by Cherrytree. Hampton Financial Partners — a Cherrytree affiliate — also provided $900,000 in pre-development funding, allowing the project to advance prior to the availability of tax credit equity and construction financing. The project involves the renovation of a former high school in Shelbyville, Indiana into 49 rental apartments catering to low-income households. This was Cherrytree’s first hybrid tax credit project (low-income and historic tax credits combined).

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