Moore Grocery Lofts
Moore Grocery Lofts

Tyler, Texas

This 88 unit development combines newly constructed apartments with historical loft apartments creating a downtown Tyler neighborhood.

Historic Lofts of Waco High
Historic Waco High School

Waco, Texas

This 120,000 square foot high school which had been abandoned since 1971 was converted into 104 family apartments.

Globe Tobacco Lofts
Globe Tobacco Lofts

Mount Airy, North Carolina

This 43 unit mix use development combines 34 affordable apartments with 9 market rate apartments.

Newberry Hospital
Newberry Hospital

Newberry, South Carolina

The restoration of the Newberry Hospital into 34 elderly (over 62) apartments was done in partnership with the Newberry Development Authority.

The Courtyard at Highland Park Mill
The Courtyard at Highland Park Mill

Rock Hill, South Carolina

The Courtyard at Highland Park Mill is a 116 unit elderly housing community financed by tax exempt bonds.

Fitch Development Group
Brown Trout Holdings
Moore Grocery Lofts

Tyler, Texas

This former grocery warehouse completed the fourth corner of a downtown redevelopment effort that included the historical development of the train depot, the Chamber of Commerce building, Discovery Place, a children’s interactive museum and learning center. This 88 unit development combines newly constructed apartments with historical loft apartments creating a downtown Tyler neighborhood.

This development was named the Texas Downtown Association’s most creative downtown historical development.

The development was financed by:

  • Low Income Housing Tax Credit Equity
  • Federal Historic Tax Credit Equity
  • Fannie Mae Permanent Loan Financing
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Historic Waco High School

Waco, Texas

This 120,000 square foot high school which had been abandoned since 1971 was converted into 104 family apartments. The Waco High Alumni participated in the development by filling the former trophy cases with memorabilia and a room was preserved as a meeting room and class museum. Not only did the development preserve this local landmark, it preserved the memories of former graduates and received tremendous community support.

This development won a national award for the most creative use of Community Development Block Grant Funds in that year.

This preservation was accomplished by layer the following financing sources:

  • Low Income Housing Tax Credits
  • Federal Historic Tax Credits
  • Local Home Funds
Historic Lofts of Waco High Historic Lofts of Waco High 2
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Globe Tobacco Lofts,

Mount Airy, North Carolina

This 43 unit mix use development combines 34 affordable apartments with 9 market rate apartments. Mount Airy has festivals in the spring and fall to commerate the Andy Griffith, Mayberry TV series. This development preserved a 100 year old tobacco warehouse that served as a textile sewing operation in its later years until the late 1980s. The preservation of the building was a revitalization of the South end of Main Street. This development won the National Housing and Rehabilitation Association’s Timmy Award for excellence in historic preservation.

The development was financed by:

  • Low Income Housing Tax Credit Equity
  • Federal Historic Tax Credit Equity
  • State Historic Tax Credit Equity
  • North Carolina State Housing Finance Loan
  • Conventional Bank First Mortgage
Globa Tobacco Warehouse
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Newberry Hospital

Newberry, South Carolina

The restoration of the Newberry Hospital into 34 elderly (over 62) apartments was done in partnership with the Newberry Development Authority. The development provided seniors with an Antebellum apartment community.

This development was financed with:

  • Low Income Housing Tax Credit Equity
  • Federal Historic Tax Credit Equity
  • State Historic Tax Credit Equity
  • Community Block Grant Funds
  • Home Funds
Newberry Hospital Newberry Hospital 2 Newberry Hospital 3 Newberry Hospital 4
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The Courtyard at Highland Park Mill

Rock Hill, South Carolina

The Courtyard at Highland Park Mill is a 116 unit elderly housing community financed by tax exempt bonds. This development is the conversion of an 180,000 square foot abandoned textile mill, that was the center stone of the City’s economic development plan and the development was a public private partnership relationship. Fitch Development Group (FDG) acted as the Financial Advisor on this development securing a 221(d) 4 mortgage credit enhancement through the HUD office in Columbia, South Carolina. To secure this credit enhancement FDG advised on ways to reduce the financial gap by consulting on creating the South Carolina Historic Mill Credit that was passed by the SC State Legislature. Also FDG testified before the SC Senate Finance Committee to have the SC State Historic Tax Credit Law amended to make these tax credits marketable. In order to make this transaction financially feasible the following financing sources were layered together:

  • Tax Exempt Bond Financing
  • That included 4% Low Income Housing Tax Credit Equity
  • Community Development Block Grant Funds
  • Federal Historic Tax Credit Equity
  • SC State Historic Tax Credit Equity
  • SC Mill Tax Credit Equity
Highland Park 1 Highland Park 2 Highland Park 3 Highland Park 4 Highland Park 5 Highland Park 6
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