Sherman Associates closes on $28.5 million Longfellow Station project

Sherman Associates, Inc.

On Friday, August 31, 2012, Sherman Associates closed on the $28.5 million Longfellow Station project, which will provide both affordable and market-rate housing to the growing Hiawatha Light Rail corridor.  The 180-unit, mixed-income property utilized Low Income Housing Tax Credits (LIHTC), traditional financing and numerous other local, county and state programs to leverage the funds needed to complete the 14-month construction.  Longfellow Station will provide an affordable and attractive community for one of Minneapolis’ most rapidly evolving neighborhoods.