Music City Place – Richmond, Indiana
Closed - May 2016
Kuhl & Grant LLP served as counsel to the developers and the owner in connection with the acquisition and new construction of Music City Apartments, a 50-unit affordable rental housing project in Richmond, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Alliant), conventional construction financing (First Merchants Bank) and subordinate financing (Indiana Housing and Community Development Authority). The project is being co-developed by Flaherty & Collins Development, LLC and Western Wayne Affordable Housing, Inc.