Four Lightengale Group Clients Win LIHTC Approval in Most Recent Round of Announcements from Illinois Housing Development Authority

Lightengale Group led and coordinated LIHTC application and approval processes on behalf of its developer clients for Midtown Crossing Apartments (Des Plaines, IL), Wind Mill Manor (Batavia, IL), Prairie Meadows II (Hoopeston, IL), and Lincoln Park Villas (O’Fallon, IL). Totaling over 4.17 million in LIHTC allocations for 215 units, this marks the latest LIHTC successes […]

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Construction Guarantees for LIHTC Projects

Syndicators / investors typically require a construction/completion guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. But, for sale what does that mean for the sponsor? Construction Guarantee The essence of a construction guarantee for a LIHTC project is that the Sponsor agrees to fund any costs in […]

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Thorpe Housing Development Fund Company Closes on Financing for Senior Housing in Sparkle, NY

Thorpe Housing Development Fund Company Closes on Financing and Ready to Begin Extensive Rehabilitation of Thorpe Village Affordable Senior Housing Community in Sparkill, health New York Thorpe Village is a four-building independent senior community that will enjoy an efficiency upgrade and modernization of all 200 units and shared community spaces. The owner was assisted by […]

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Affordable Housing Finance: The Basics

When it comes to affordable housing finance and the world of LIHTCs, there are a few basics you need to know before jumping into a new project. Whether it’s how your LIHTC will be computed, basic procedures within the affordable housing arena, or Federal requirements, this post is a great starting place that will get […]

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