U.S. Bank committed more than $17.5 million in construction debt and tax credit equity for the development of a new residential complex, the Maria Linden Independent Senior and Assisted Living Apartments in Milwaukee.
The School Sisters of St. Francis renovated a historic building and constructed a new addition to complete the project. U.S. Bank’s Community Lending Division provided an $8 million construction loan. U.S. Bancorp Community Development Corporation provided $9.5 million in low-income housing tax credit and historic tax credit equity.
A ribbon cutting ceremony was held today at the 72-unit religious community, at 2735 W. Greenfield Ave.
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