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Nashville Housing Fund (http://www.nashville.gov/mdha/nhf.htm) has transformed an old warehouse in the city's Gulch Redevelopment Area into a modern mixed-use facility, Laurel House. By using a combination of low-income housing tax credits, HUD debt financing and tax-increment financing, the group renovated the old structure into a combination of retail and office space and added three additional floors containing 48 units of affordable housing. The firm's services for the Laurel House development included land acquisition, the tax-credit application process, closing on the land acquisition, tax increment financing, construction loans and, most recently, closing on the equity contribution and HUD-insured permanent financing. Stites & Harbison provides real estate and tax law services to the Nashville Housing Fund. |
![]() Laurel House - A revolution in renovation
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