The article below describes the tremendous benefits that Medicaid assisted affordable living projects provide to residents, developers and taxpayers by highlighting the experience of Vermilion Development. Vermilion Development has nine affordable assisted living projects, with eight in Indiana and one in Illinois. Applegate & Thorne-Thomsen had the opportunity to assist Vermilion with the LIHTC and debt financing on all of its affordable assisted living projects. Please see the article below from the July issue of the Tax Credit Advisor magazine for more information about the project.