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).
Latest posts by Warren Kirshenbaum (see all)
- Life is bigger than the game - January 18, 2023
- Meet the New BCONE Board Leadership Team - January 12, 2023
- Cherrytree’s Melina Ambrosino to Head Real Estate Group - December 20, 2022