West Humboldt Place Grand Opening

The Children’s Place Association celebrated the grand opening of West Humboldt Place on October 9, 2015. West Humboldt Place is a new construction permanent supportive housing development located at 3533 West Chicago Avenue, Chicago, IL, in the Humboldt Park neighborhood. West Humboldt Place will provide housing for 13 families and/or individuals impacted by homelessness and […]

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LGG Announces Southwick Place Grand Opening in Matteson, IL

On September 29, 2015 Over The Rainbow celebrated the grand opening of their first LIHTC development, Southwick Place.   From concept to completion, Lightengale Group professionally guided Over the Rainbow to bring this project to life.  “Lightengale Group was the rudder that kept us on course”, said Eric Huffman, Over The Rainbow’s executive director.   […]

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LGG’s Announces The Grand Opening of Arbor Place of Lisle

Grand Opening of Arbor Place of Lisle Lightengale Group celebrates with developers Ryan Companies US, Inc. and Providence Life Services, Inc on the Grand Opening of Arbor Place of Lisle, a new development with 80 affordable housing residences for seniors aged 55 and above that opened in September. The Village of Lisle staff and Trustees […]

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Lease-up Deficit Guarantee for LIHTC Projects

Syndicators/investors typically require a lease-up deficit guarantee from the sponsor as a condition of making an equity investment in a LIHTC project. This is listed as a separate guarantee or is made part of the Completion Guarantee in the Limited Partnership Agreement. But, search what does that actually mean? Lease-up Deficits for LIHTC Projects For […]

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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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Typically Required Guarantees for Low Income Housing Tax Credit Deals

Ever wondered what guarantees are required for Low Income Housing Tax Credit (LIHTC) deals? In this post, viagra dosage we’ve provided an overview of some of the most common required guarantees for these deals so you know what to expect if/when taking advantage of these tax credits. Six Guarantees Syndicators and/or investors typically require six […]

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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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