Portfolio
Darul Amaan Senior Living
16th Oct 2013Posted in: Portfolio
Darul Amaan Senior Living

Darul Amaan is a 56 unit elderly development designed to serve independent living seniors. The 5-story, elevator building will be constructed on an 18,766 sf site located near the intersection of Kedzie and Lawrence in the Albany Park Community Area of Chicago.  Darul Amaan is an extremely well-conceived and attractively designed development which will include many “green” and energy efficiency characteristics to keep operating costs as low as possible. Financing was provided by the City of Chicago Department of Housing and Economic Development under the HOME program, equity investors organized by Enterprise Community Investment, Inc., and Illinois Donation Tax Credits. Construction is expected to be completed in late Summer 2014. Rents at Darul Amaan will be affordable for seniors at 50% of area median income. Amenities at the site will include laundry facilities, a computer learning center, fitness room and community recreational space.

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