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      A neighborhood in one of the communities we serve
      ONB Tax Credit

      Supporting and developing the communities we serve.

      See Recent Projects

      Innovative Tax Credit Financing Solutions

      Our Tax Credit team specializes in innovative financing solutions for Historic, New Markets and Low Income Housing, Alternative Energy and state tax credit transactions. By providing tax credit equity and construction loans, ONB is able to support the construction of affordable housing, historic rehabilitation, and commercial real estate development projects. Working closely with developers, government agencies, consultants and other professional partners, we bring community development projects to life.

      Meet Our Team

      • Tax Credit Financing Services

        Low Income Housing Tax Credits (LIHTC)
        By combining LIHTC equity investments with construction, bridge and permanent lending solutions. Old National delivers a seamless financing package for the construction or redevelopment of affordable housing.

        Historic Tax Credits (HTC) 
        Our experienced equity investors are experts on the federal and state requirements that affect historic rehabilitation projects. Our team can simplify financing by serving as a single source for equity and debt.

        New Markets Tax Credits (NMTC) 
        Our integrated approach allows us to provide full-service financing solutions for projects using NMTC equity financing.

        Alternative Energy Tax Credits 
        Old National continues to support environmental sustainability by providing investment and loans for the development of alternative energy.

        State Tax Credits
        Directly, and through its network of financing partners, ONB is able to monetize various state tax credits throughout its footprint.

      • The ONB Differentiation

        Holistic Approach
        ONB applies a holistic approach to development finance. By efficiently providing multiple layers of debt and equity through one experienced team, we help developers save time and money.

        Flexibility
        Our team is flexible and able to work through the complex details of a transaction in order to see it to completion. Because of our expertise and tenacity, we are uniquely capable of partnering with developers to complete challenging projects.

        Operational Expertise
        We take pride in being highly focused on the operational activities of the projects in which we invest. We stay in contact with developers and management from construction through stabilization to ensure long term success. 

      Recent Projects

      • Outside picture of Mansion on Main

        Mansion on Main

        The Mansion on Main in New Albany, Indiana, is a $16 million, 108 unit assisted living facility.

      • An outside image of Capitol Theatre

        Capitol Theatre

        With help from Old National’s tax credit investments, the Capitol Theatre in Flint, Michigan, was renovated to its original glory.

      • An outside picture of Skyline Tower

        Skyline Tower

        Skyline Tower in Fort Wayne, Indiana, is a $40 million, 12-story building that is home to 123 apartments, office space and restaurant.

      The ONB Tax Credit Team
      The ONB Tax Credit team is made up of a talented group of industry professionals with more than 40 years of direct and related experience. This knowledge, experience and “outside the box” thinking allows us to find alternative and creative structures to complete complex projects. The team has successfully combined multiple tax credit and incentive programs to increase equity financing for complex projects.

      Lisa Patrick
      Tax Credit Investment Manager, VP
      708-930-4549
      Lisa.Patrick@oldnational.com
      7800 W. 95th Street
      Hickory Hills, IL 60457

      Breen Hagan
      Senior Tax Credit Relationship Manager, VP
      216-545-8279
      Breen.Hagan@oldnational.com
      3601 S. Green Rd., Ste. 220
      Cleveland, OH 44122

      Mike Harbaugh
      Senior Tax Credit Relationship Manager, VP
      616-228-6067
      Mike.Harbaugh@oldnational.com
      7437 River St SE, Suite 201
      Ada, MI 49301

      John Wells
      Senior Tax Credit Portfolio Specialist, VP
      216-545-8277
      John.Wells@oldnational.com
      3601 South Green Road, Suite 220
      Cleveland, OH 44122

      Deb Niewoehner, JD
      Community Development Relationship Manager, VP
      314-955-3957
      Deb.Niewoehner@oldnational.com
      231 South Bemiston Ave, Suite 325
      Clayton, MO 63105

      Amy Brown, CPA
      Head of Tax Credit, SVP
      502-540-7305
      Amy.Brown@oldnational.com
      400 West Market Street
      Louisville, KY 40202

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