News & Information

A collection of recent and significant news articles about Sherman Associates, Sherman Associates' properties and employees.

Midwest office tower is reborn

Tax Credit Advisor: By Stephen K. Cooper

Sherman Associates, Inc. has a vision for downtown Kansas City:¬† They intended to convert a 17-story office building that had been a blight for ten years into the Grand Boulevard Lofts, an affordable housing project.¬† Closing on the 134-unit apartment project was originally scheduled for late 2008, but the financial crisis that rocked the affordable housing market made that impossible and delayed the job.¬† Sherman didn’t give up.¬† An intense, year-long effort by the Minneapolis developer to shore up the financing for the #33 million low-income housing tax credit project, including a soft load of federal Tax Credit Assistance Program (TCAP) fund from the Missouri Housing Development Commission, has enable the project to move forward.

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