Portfolio
Lake Grove Village Apartments
26th Feb 2013Posted in: Portfolio
Lake Grove Village Apartments

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 underwent a $6.5 million rehabilitation that was completed in December 1999.

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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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