Portfolio
Archer Avenue Senior Residences
26th Feb 2013Posted in: Portfolio
Archer Avenue Senior Residences

Having been awarded an option to purchase the vacant parcel at 2922-50 South Archer Avenue, CCDC constructed a mid-rise rental property consisting of 55 apartments whose target market is elderly households aged 55 and over in the surrounding Chinatown community. Construction of this building was completed in 2007. This project was funded utilizing awards from the City of Chicago through its Tax Credit and HOME programs, and mortgage financing under HUD’s 221(a)(4) program.