Longwell Riess Client - Clarity Development Company - develops Badgerow Building in Sioux City, Iowa
Longwell Riess client Clarity Development Company develops Badgerow Building in Sioux City, Iowa, using federal and state historic tax credits, tax increment funding, and bridge, construction and permanent loans. Megan Riess and Chelsea Fitzgerald represented the developer on the transaction.
Longwell Riess Client - GCHP- partners to develop $80 million commercial project of old Brown’s Dairy site in New Orleans, LA
Longwell Riess client Gulf Coast Housing Partnership partners with Alembic Community Development to develop an $80 million residential and commercial project on the site of the old Brown's Dairy in New Orleans, Louisiana. The development will include 192 units of affordable housing as well as a health care and community facilities. Financing included low-income housing tax credits, new markets tax credits, community development loans and commercial debt. Kelly Longwell, Megan Riess, and Ben Guider represented the developer in the transaction.
Longwell Riess Client - Clarity Development Company-18 Howard Project in Omaha, Nebraska
Longwell Riess client Clarity Development Company receives award of low-income housing tax credits from the Nebraska Investment Finance Authority for its 18 Howard project in Omaha, Nebraska. The $34 million project will include a 100% reservation of units for affordable housing and will utilize tax exempt bond financing and PACE financing in addition to the tax credits. Located in the Flatiron District of Omaha, Nebraska, the project will include 180 units of mixed-income housing, restaurants, health center facilities and commercial spaces. Megan Riess and Chelsea Fitzgerald represent Clarity Development Company on the transaction.