The major legislation passed by Congress this month is nothing short of transformational. The Inflation Reduction Act (which I’ll nickname as the "Climate Tax Bill”), if passed by the House, would expand the use of Federal tax credits to advance climate stabilization goals and attempt to curb global warning. In doing so, this bill lays [...]
New England Chapter, Certified Commercial Investment Members Michael Chase of the New England Chapter of CCIM interviews Cherrytree’s Melina Ambrosino about opportunities for developers to take advantage of state and Federal tax credit programs to reduce project costs. Commercial developers can use the credits for themselves — or, for many programs — sell [...]
The Epoch Times, August 12, 2022 Updated: August 15, 2022 By Autumn Spredemann Tax credits have been a go-to move for the U.S. government to incentivize renewable energy project developers for years. Yet substantial profits are ending up in the pockets of the corporate banking industry. As of last year, the renewable tax equity market represents [...]
By Warren A. Kirshenbaum Renewable energy is an unlimited resource in that it comes from the sun, wind, water, and so forth, and is a positive alternative to fossil fuel-based power generation, which as a natural resource is limited. Therefore, developing our renewal resources rather than full reliance on our dwindling natural resources is [...]
New England Real Estate Journal Spotlights, Oct 29, 2021 by Warren Kirshenbaum After 10 years in business, the Cherrytree Group has been fortunate to have been able to grow to a level of strength and stability: recently surpassing $100 million in tax credits placed on behalf its clients. It’s a total team effort — but [...]
After 10 years in business, the Cherrytree Group has been fortunate to have been able to grow to a level of strength and stability: recently surpassing $100 million in tax credits placed on behalf its clients. It’s a total team effort — but a key member of our team has been a young lady from [...]
Brownfield Coalition of the Northeast, Aug 10, 2021 By Steve Dwyer Three BCONE members are making their mark -- and in a hurry. They’ve progressed from membership to committee chairs and/or board members in short order, and are now tasked with recruiting, and appealing to, younger industry professionals within a fledgling BCONE mentorship committee. The [...]
The Addison Times, May 29, 2021 “It’s like day and night,” construction manager Bill Rasner said while surveying renovations at Old Shelby High apartments earlier this year. The project, an initiative of complex owner Purple Vetch Properties, LLC, was the first significant infrastructure upgrade since at least the early 1990s, when the building transitioned into [...]
Brownfield Coalition of the Northeast, April 15, 2021 By Steve Dwyer How does a young brownfield industry practitioner climb so far up to the mountaintop -- and do it so quickly? At 33 years old, Melina Ambrosino, Executive Vice President of Newton, Mass.-based Cherrytree Group LLC, will let you in on a little secret: be [...]
Business Wire, March 11, 2021 BOSTON-The Cherrytree Group — a tax credit consulting and syndication firm based near Boston — announced a significant milestone by surpassing the $100 million mark in tax credits obtained and placed on behalf of real estate developers and investors nationally. Since its founding in 2011, the company has specialized in [...]
