Hubbell secures tax credits for conversion of historic Grinnell site into apartments
Thursday, March 13, 2014 10:56 AM
Hubbell Realty Co. will receive $604,000 in
affordable housing tax credits for the $12.5 million conversion of the former
Spaulding Manufacturing Co. building into 77 one- and two-bedroom lofts.
Spaulding was an automobile manufacturer.
The project also has received state
of Iowa brownfield redevelopment tax credits and federal and state historic
preservation tax credits.