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REIA 133 Fabiola Fleuranvil: Tax credit financing – using government subsidies to finance projects

As a serial entrepreneur, Fabiola Fleuranvil lives in between two worlds – as CEO of Blueprint Creative Group, a marketing agency serving government clients, and as a Real Estate Developer with her investment company, at Icon Heritage Partners. Fabiola continues to expand the firm’s portfolio of multifamily and commercial assets. The firm is currently developing a 138-unit affordable assisted living facility financed with Low Income Housing Tax Credits (LIHTC).

Main Points:

  • Currently developing a 138-unit affordable assisted living facility using Low Income Housing Tax Credits
  • How tax credits work
  • Investing in high growth sectors like senior housing & assisted living

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Biography of Fabiola Fleuranvil:

As a serial entrepreneur, Fabiola Fleuranvil lives in between two worlds – one as CEO of Blueprint Creative Group, a marketing agency established in 2006 and serving government and corporate clients, and the other as a real estate developer. 

Fabiola started her real estate investing career in 2003 when she purchased her first few investment properties in Atlanta. Additionally, she created a Black investment fund in 2016 with a group of millennials and as a social impact model to collectively address gentrification and housing affordability in Miami. The fund created pilot projects by acquiring, rehabbing, and selling workforce housing properties in gentrifying communities back to members within the community.

Currently, Fabiola has recently acquired a 138-unit former senior housing building in Detroit and will be redeveloping the distressed property as a mixed income affordable assisted living facility with some independent living and memory careunits. The project, estimated at about $25 million, is the second of its kind in the Detroit Metro and will fill market demand for affordable senior housing. 

“As a developer, my greatest value proposition is a commitment towards holistic equitable development to focus on investments that promote smart growth,urban revitalization, and meets a community’s hierarchy of needs.” – Fabiola Fleuranvil

Fabiola is a native of Miami and graduated from Florida A&M University with a Bachelor in Business Administration and an MBA from Clark Atlanta University.

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