Pre-ĭevelopment financing was provided by the CCLF. The project closed on financing December 2016. Opportunity(DCEO), and Federal Home Loan Bank-Chicago sponsorship is also being providedīy Chase Bank/One Mortgage Partners. Harvest Homes, is being leveraged by private first mortgage financing from Chase Bank andĪdditional grants are being sought from the Department of Commerce and Economic Capital sources include an annual allocation of Low Income Housing Tax Credits (LIHTC) and Tax Incremental Financing (TIF). The project has a development budget of $13M. Partnership Foundation – PLG was retained to provide development consulting services in theĭevelopment of “Harvest Homes Apartments.” Harvest Homes Apartments will be a newlyĬonstructed 36 unit multi-family rental development comprised of 4 buildings with 2, 3 and 4 bedroom rental apartments. People’s Community Development Association of Chicago and National Housing The project closed on financing in December 2015 and construction completed in January 2017. Capital sources include $3.9M in New Market Tax Credits and $8.3M in individual donor contributions. The project has a development budget of $12.2M. The existing building is four-stories comprised of approximately 30,000 square feet and will be totally renovated. 13 th Street,Chicago, Illinois in the Near West Side community area and Illinois Medical District/University Village neighborhood of Chicago. PLG was retained to provide development consulting services in the development of the ChiCAT office building, an adult vocational training and youth arts and technology center. Chicago Center for Arts and Technology, Inc.
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