Iowa Finance Authority 2017 Tax Credit Winners

The Iowa Finance Authority recently announced the winners of the 2017 Tax Credit Round. Twenty-five applications were received for funding with only eleven applicants awarded tax credits. Lightengale Group worked with clients to submit two applications and both are being awarded with 2017 IFA tax credits totaling over $1.25M! Iceberg Development with the help of […]

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Lincoln Park Villas Closing

RCH Development Inc. celebrates its first closing with Lightengale Group.  RCH Development closed on Lincoln Park Villas in late February.  Lincoln Park Villas is a new construction affordable property for independent seniors of O’Fallon, Illinois, St. Clair County and the surrounding communities.  The development will include 72 one- and two-bedroom units for seniors aged 55 […]

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CHA’s Pick for Cabrini-Green Redevelopment

Lightengale Group is thrilled to announce its client Hunt Development Group was chosen by the Chicago Housing Authority as the developer for the Cabrini Green redevelopment project Site 1 located on Larrabee and Clybourn in Chicago, dosage IL. The project will bring 482 new construction units to Chicago’s Near North Side and redevelop land that […]

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Diamond Senior Apartments of Iowa City Closing Announcement

3 Diamond Development recently closed on its proposed new construction senior development. The building will be located in Iowa City, malady Iowa and provide 40 units of affordable housing. The units are designed to support seniors aged 55 and older, with options of one or two-bedroom units. The 3 story, elevator building will provide a […]

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Wind Mill Manor Closing

Developers Iceberg Development Group, page LLC, page The Burton Foundation and CUBIT Development Group, LLC closed financing on a new construction independent living senior development in December 2016.  Windmill Manor is in Batavia, Illinois and includes 60 one-bedroom and 20 two-bedroom units for seniors ages 55 and older. Ninety percent of the units are income […]

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Diamond Senior Apartments of Princeton Grand Opening

Lightengale Group would like to give a huge congratulations to 3 Diamond Development on the opening of Diamond Senior Apartments of Princeton, sales located in Princeton, case Illinois. Diamond Senior Apartments of Princeton is comprised of 40 one and two-bedroom units. The units accommodate seniors aged 55 and older with AMI levels between 30% and […]

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Midtown Crossing Closing Announcement

Over The Rainbow Association recently closed financing on their second tax credit / tenth residential development serving the physically disabled.  Midtown Crossing Apartments in Des Plaines, buy Illinois is an affordable, sickness 33-unit, new construction building furthering Over The Rainbow’s mission of providing accessible, barrier-free housing solutions and person-centered services that encourage independent living. Like […]

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Turnstone Development celebrated the Ribbon Cutting of their newest development, Wisdom Village of Northlake

Turnstone Development celebrated the Ribbon Cutting of their newest development, purchase Wisdom Village of Northlake. The project offers 71 affordable one and two bedroom units to house seniors aged 55 and older, discount with many of the new residents coming from Northlake and the surrounding area.   Many individuals spoke at the ceremony including: Bill […]

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Housing Opportunities & Maintenance for the Elderly successfully closed on their funding

Housing Opportunities & Maintenance for the Elderly (H.O.M.E.) successfully closed on their awards of FHLB AHP grant funds and loan from MB Financial. These funds fully funded the rehabilitation of Nathalie Salmon House, store an intergenerational affordable housing development in the Rogers Park neighborhood of Chicago. Nathalie Salmon House was opened in 1994 and has […]

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