construction of a building

As Head of National Historic Tax (HTC) Credit Origination for Community Development Banking, Tim Karp had a hand in JPMorgan Chase’s HTC investment to rehabilitate Northern Light Mercy Hospital. The Portland, Maine, project will create 165 apartments, including 17 affordable units to residents making 100% or less of the Area Median Income. 

Karp spoke with Affordable Housing Finance about the project and other topics, including:

  •  Common misconceptions about the HTC program
  • Why the program can be a critical financial tool for affordable housing development
  • JPMorgan Chase’s consultative approach to historic property rehabilitation

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