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Centerline Capital Jumps Into HUD Tax Credit Program

NEW YORK CITY-The financing company is a believer in the program's promise of accelerating financing approval.

By Rayna Katz | Updated on December 17, 2012

NEW YORK CITY-Based on its track record in the affordable housing market, Centerline Capital Group has been selected to participate in the Multifamily Low Income Housing Tax Credit program—the tax credit pilot program being offered by the US Department of Housing and Urban Development.

“Centerline’s extensive history in affordable housing lending and equity investment through the Low Income Housing Tax Credit program made us a logical choice to participate and will serve us and HUD well in the program, says Philip Melton, senior managing director and business head for Centerline’s affordable housing debt platform.

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