The Burton Foundation received the 2016 Gale Cincotta Award from the Illinois Housing Development Authority for Water’s Edge of South Elgin

The Burton Foundation received the 2016 Gale Cincotta Award from the Illinois Housing Development Authority (IHDA) for Water’s Edge of South Elgin, prostate a successful integration of supportive and independent housing in South Elgin’s growing downtown. Of the 50 units, half are currently leased by residents with developmental disabilities, and the balance are occupied by […]

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Virginia Pace to Speak at Illinois Association of Community Action Agencies 2016 Resilient & Resolute Conference

Illinois Association of Community Action Agencies (IACAA) Illinois Association of Community Action Agencies is holding their 2016 Resilient &Resolute Conference from May 2-4, sick 2016 in Springfield, story Illinois. The conference trains and prepares local Action Agencies and this year focuses on the problems involving affordable housing in the past year and figuring out ways […]

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Diamond Senior Apartments of Oswego, Phase II Grand Opening

Diamond Senior Apartments of Oswego, sildenafil Phase II Grand Opening On Monday, November 16, 2015, 3 Diamond Development celebrated the Grand Opening of Diamond Senior Apartments of Oswego Phase II. There was a great turnout from all parties involved in the project. Bank of America (investor and construction lender), Featherfist (Non-profit partner), as well as […]

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Eight Local Projects from Lightengale Group Clients Secure $5.4M from Federal Home Loan Bank of Chicago

Eight Local Projects from Lightengale Group Clients Secure $5.4M of Just-Announced Federal Home Loan Bank of Chicago Affordable Housing Program Grants Projects receiving Affordable Housing Program (AHP) awards include Wisdom Village of Oak Street, Natalie Salmon House, Prairie Meadows Phase II, LaGrange PSH, Diamond Senior Apartments of Princeton, Hall Street Lofts, Fox Run Villas, and […]

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Veterans Day Celebration Marks Groundbreaking on A Safe Haven Veteran Village, Melrose Park’s Newest Housing Development

Developers A Safe Haven Foundation and West Suburban Housing Development Corporation team up to deliver new project that fills a critical affordable housing need in a community that is undergoing dramatic improvements. Lightengale Group provided assistance to the developers from the early stages of the project through closing. This most recent Veterans Day was a […]

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Repurchase Obligation for Low Income Housing Tax Credits

Syndicators/investors typically require a repurchase obligation from the sponsor as a condition of making equity investments in LIHTC projects. This is the most potentially costly but least likely guarantee. So, information pills what does that mean? Repurchase Obligation Essentially, unhealthy here’s what you need to know: If the developer does not meet major deadlines for […]

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Ground Breaking of Wisdom Village of Northlake, Illinois

Turnstone Development celebrated the ground breaking of their newest development, price Wisdom Village of Northlake. Located in Northlake, dosage Illinois, viagra this development plans to provide housing to seniors in the area. In an amenity rich area, the project will also offer numerous amenities on-site including a management office, an exercise room, a bike room, […]

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