Archer Courts Apartments
26th Feb 2013 Posted in: Portfolio

CCDC closed on the acquisition of Archer Courts Apartments in June 1999. This 147-unit property was constructed by the Chicago Housing Authority under its “City/State” Program in 1951. CCDC’s preservation plan for the property will maintain the rental subsidy in place for the predominantly elderly development and will result in over $6 million of renovation […]

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

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 […]

Englewood Gardens Apartments
26th Feb 2013 Posted in: Portfolio

CCDC acquired this 167 unit property, which consists of 12 buildings at different sites in Englewood, in December 1995. Englewood Gardens is a participant in HUD’s Pension Fund Demonstration Program. First mortgage financing was provided by various union pension funds pooled by Equitable Real Estate Investment Management Corporation. Residents will receive project-based Section 8 assistance […]

6100 Wabash Apartments
26th Feb 2013 Posted in: Portfolio

The renovation of this vacant 2-building complex located in Chicago’s Washington Park community was a joint venture with the Faith Tabernacle Baptist Church. This revitalization project provides 24 units of affordable housing to targeted homeless families and families at risk of becoming homeless. The financing plan developed by CCDC consists of mortgages issued by LaSalle […]

Germano Millgate Apartments
26th Feb 2013 Posted in: Portfolio

This 350-unit Section 236 project was acquired by CCDC in 1993, pursuant to a HUD- approved TPA wherein CCDC became the new general partner for the project partnership and has undertaken the $6.7 million rehabilitation of this troubled and critically needed low income housing resource. The financing plan for this revitalization program was developed by […]

Northeastwood Shores Apartments
25th Feb 2013 Posted in: Portfolio

This 231-unit Section 221(d)(3) project was acquired in 1990 by CCDC under a Plan of Action in accordance with Title II of the Housing and Community Development Act of 1987. Under this plan, developed in cooperation with the 850 West Eastwood Tenants Association, a $4.7 million dollar rehabilitation program addressing all major systems was successfully […]