Developing affordable housing since 2002.
Recently awarded one of the State's first affordable assisted living projects in Indiana.
Working with the belief that the Tenant is ultimately the customer and all projects should be designed with them in mind.
Since 2002 Hubbard has developed 8 projects totaling 617 units of affordable housing, and 25 units of Light Industrial space in Indiana. Highlights are:
Project costs totaling $51M
Sold $3.5M in Low Income Housing Tax Credits (“LIHTC”), generating approximately $30M in project equity
Raised over $6.7M in soft funds for the projects
Closed on over $18M in construction financing
Closed over $13M in permanent financing
Additionally, Hubbard has consulted on various projects around the City of Indianapolis, State of Indiana as well as Atlanta Georgia.