A Solar Investment Tax Credit allows investors to deduct 26% of installation costs from federal taxes, which applies to all residential and commercial systems. Cherrytree worked with the renewable energy developer MSL Group to successfully complete multiple projects across Connecticut. Together, these projects will realize over $2.75 million in tax credits and $8 million [...]
Cherrytree Group has successfully filed over $55 million in Massachusetts Brownfields tax credits since 2013, with an expected pipeline of an additional $30 million dollars expected to be filed by the end of 2020. Other recent Brownfields programs for which Cherrytree consulted with the client and interfaced with state agencies: [...]
Creative financial planning breathes fresh life into historic districts in two Massachusetts towns. Several abandoned buildings located within historic districts in Millers Falls and Turners Falls were preserved by the projects, undertaken by Pioneer Valley Redevelopers and Obear Construction Company. In all, 12 affordable housing units were created, along with two residential units, three [...]
A 95-year-old six-story office building in the second largest city in Massachusetts is being converted into commercial space on the lower two levels, with residential units throughout the remainder of the building. The 20,000 square feet has a steel structure with cement floors, elevator, and lime stone facade. Finishes include all mahogany doors [...]
Over $750,000 in Federal tax credits and $500,000 in state credits were secured for this conversion of a 100-year-old community post office into retail spaces, luxury apartments, as well as continuing as a U.S. Post Office in one part of the building. The project was named by the state of Massachusetts as “the [...]
Seven historic renovation projects were undertaken by a private investment fund created and managed by Cherrytree for a client in North Carolina. Cherrytree used tax credit and depreciation strategies to obtain $12 million in savings. Read the case study
A classic Greek Revival building was converted into studio apartments providing supportive housing for individuals who have completed rehabilitation treatment programs. The team at Cherrytree formed the equity partnership which funded the project and successfully secured tax credits for investors. Read the case study
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, [...]
Cherrytree teamed with a respected local developer to create a fund which invested in three new utility-scale solar power facilities — including the largest solar array in New Hampshire. The fund allowed individual investors to obtain Federal tax credits which they may use to their own tax planning advantage. Read the case study [...]
