Portfolio
Clifton Magnolia Apartments
26th Feb 2013Posted in: Portfolio
Clifton Magnolia Apartments

With options to purchase this property expiring in 2010, CCDC formed a partnership with Voice of the People in Uptown, Inc. to continue the acquisition and rehabilitation plans for various properties in Chicago’s Uptown neighborhood, which had begun in 2006. This 59 unit apartment complex was purchased in 2010 with construction reaching completion in 2011. Financing was accomplished through an FHA loan, City of Chicago TIF assistance and Low Income Housing Tax Credits provided by Alliant Capital. The property currently serves very large, very low income families as well as 10% of the existing units housing families requiring supportive services.

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Chicago Community Development Corporation 36 South Wabash Avenue, Suite 1310 Chicago, Illinois 60603 Phone: 312.422.7700 Fax: 312.422.0708
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