Laurel House, Nashville

Nashville Housing Fund (http://www.nashville.gov/) 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.