Veterans Village Apartments – Gary, Indiana
Closed – December 2013
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with real estate, development and Low-Income Housing Tax Credit matters and project financing for Veterans Village Apartments, a 44-unit affordable residential housing community located in Gary, Lake County, Indiana (the “Project”). The Project is being developed by Broadway Area Community Development Corporation. (“BACDC”). Project construction financing is being provided by BMO Harris Bank, N.A. (construction loan), BACDC (CDBG loan) and the City of Gary, Indiana (HOME loan). Equity funding through the syndication of Low-Income Housing Tax Credits is being provided by Great Lakes Capital Fund.