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

Supporting and developing the communities we serve.

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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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800-731-2265