Apperson Way Apartments – Kokomo, Indiana
Closed - January 2016
Kuhl & Grant LLP served as counsel to the developers and the owner in connection with the acquisition and new construction of Apperson Way Apartments, a 69-unit affordable rental housing project in Kokomo, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Cinnaire), conventional construction financing (BMO Harris Bank) and subordinate financing (Indiana Housing and Community Development Authority and Federal Home Loan Bank of Indianapolis). The project is being co-developed by Partners In Housing Development Corporation and TWG Development, LLC.