ONB Community Equity specializes in innovative tax credit financing solutions for Historic, New Markets and Low Income Housing, Alternative Energy and state tax credit transactions. By providing tax credit equity and construction loans, ONB is able to support the construction of affordable housing, historic rehabilitation, and commercial real estate development projects. Working closely with developers, government agencies, consultants and other professional partners, we bring community development projects to life.
By combining LIHTC equity investments with construction, bridge and permanent lending solutions. Old National delivers a seamless financing package for the construction or redevelopment of affordable housing.
Our experienced equity investors are experts on the federal and state requirements that affect historic rehabilitation projects. Our team can simplify financing by serving as a single source for equity and debt.
Our integrated approach allows us to provide full service financing solutions for projects using NMTC equity financing.
Old National continues to support environmental sustainability by providing investment and loans for the development of alternative energy.
Directly, and through its network of financing partners, ONB is able to monetize various state tax credits throughout its footprint.
ONB applies a holistic approach to development finance. By efficiently providing multiple layers of debt and equity through one experienced team, we help developers save time and money.
Our team is flexible and able to work through the complex details of a transaction in order to see it to completion. Because of our expertise and tenacity, we are uniquely capable of partnering with developers to complete challenging projects.
We take pride in being highly focused on the operational activities of the projects in which we invest. We stay in contact with developers and management from construction through stabilization to ensure long term success.
The ONB Community Equity team is made up of a talented group of industry professionals with more than 40 years of direct and related experience. This knowledge, experience and “outside the box” thinking allows us to find alternative and creative structures in order to complete complex projects. The team has successfully combined multiple tax credit and incentive programs to increase equity financing for complex projects.