Hoosier Banker 29 Transforming Indiana Communities ANNOUNCING THE 2021 HOUSING TAX CREDIT EQUITY FUND Keith Broadnax Senior Vice President Cinnaire 317 522 5469 kbroadnax@cinnaire.com Rod Lasley EVP Operations & Member Services Indiana Bankers Association 317 387 9380 rlasley@indiana.bank Cinnaire and Indiana Bankers Association have launched the 2021 INDIANA HOUSING COMMUNITY FUND The 2021 Fund is the sixth Tax Credit Equity Fund cosponsored by Cinnaire and IBA. Through our first five funds, 22 banks invested $43.5 million in equity to support the construction of 24 affordable apartment communities, creating 1,883 homes in 16 cities and towns across Indiana. These investments resulted in $294 million in economic impact in our communities. Federal Tax Credits each year for 10 years Extremely low foreclosure rate, less than 1% Favorable CRA consideration Competitive after-tax yield based upon tax credits and other tax benefits The 2021 Housing Tax Credit Equity Fund is now accepting investments. To learn more, please contact one of our specialists: Socially Responsible Investing – providing affordable housing for veterans, seniors, families and individuals with special needs BENEFITS OF THE 2021 HOUSING TAX CREDIT EQUITY FUND
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