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Curtiss Hill secures over $2.5 million through a historic tax credit investment in Hammondsport, led by Monarch Private Capital. The funding will support the redevelopment of the former Glenn H. Curtiss Memorial School into residential units.

Sep 01, 20267 days ago
New YorkEnergyFinancial ServicesNon Profit

Description

Monarch Private Capital has closed a federal and state Historic Tax Credit investment totaling over $2.5 million for the Curtiss Hill redevelopment project in Hammondsport, New York. This investment will transform a historic school building into 24 residential apartments and commercial space. The project aims to address the community's growing shortage of quality workforce housing. Upon completion, the development will offer essential amenities to residents while preserving a significant local landmark.

Company Information

Company

Curtiss Hill

Location

New York, United States

About

Monarch Private Capital is a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits. The company manages impact investment funds that strengthen communities by creating energy, affordable housing, and jobs. Monarch's funds provide predictable returns through federal and state tax credits in affordable housing, historic rehabilitation, energy, and film.

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