Lake Grove Village is a 458-unit property located at 35th and Cottage Grove that CCDC acquired in March, 1998. The acquisition and rehabilitation were financed with the proceeds of a mortgage issued under the Illinois Housing Development Authority’s (IHDA) Risk Sharing Program and equity generated through the sale of tax credits issued by IHDA. The equity was provided by the Chicago Equity Fund. The project will undergo a $6.5 million rehabilitation that will be completed in December, 1999.
Contact Information
3555 South Cottage Grove
Chicago, Illinois 60653
Phone: 773.548.2700
Fax: 773.548.9896 Google Map this Location
Chicago Community Development Corporation 36 South Wabash Avenue, Suite 1310 Chicago, Illinois 60603-2906 phone 312.422.7700
Lake Grove Village is a 458-unit property located at 35th and Cottage Grove that CCDC acquired in March, 1998. The acquisition and rehabilitation were financed with the proceeds of a mortgage issued under the Illinois Housing Development Authority’s (IHDA) Risk Sharing Program and equity generated through the sale of tax credits issued by IHDA. The equity was provided by the Chicago Equity Fund. The project will undergo a $6.5 million rehabilitation that will be completed in December, 1999.