North Park Village Closed on Financing
Congratulations are in order to Elderly Housing Development and Operations Corporation (EHDOC)! This Spring, EHDOC closed on financing for their project, North Park Village! This will be a rehabilitation of 180 senior housing units. The historic appearance and original character of the building will be preserved.
The overall campus was originally constructed in 1911 as a Tuberculosis Sanitarium until it was permanently closed in 1974. In 1979 it was redeveloped into a combination of rehabilitated and newly constructed senior buildings. The site is listed in the National Register of Historic Places as part of the Chicago Municipal Tuberculosis Sanitarium Historic District. The building is roughly 253,279 SF including four connected 3 story buildings, which will consist of 1 and 2 bedroom units. 15% to 60%, AMI, 27 State Referral Network units will be set aside for those that are physically or mentally disabled and 81 Project Based Voucher units through the Chicago Housing Authority.
This building is located on the corner of North Pulaski Road, and Bryn Mawr, in Chicago Illinois. This will be a senior campus situated on 6.0 acres and adjacent to a large nature preserve campus in excess of 160-acres. Newly renovated affordable housing with updated ADA accessible parking and walks, on-site library, central laundry, fitness center, community room and on-site management for seniors. The exterior includes a picnic area, sitting area, and park setting adjacent to a nature preserve.
Thank you to all those who were part of this development!
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About Lightengale Group
Lightengale Group (LGG) is an affordable housing real estate financial advisory firm offering services to experienced and non-experienced developers nationally. LGG provides strategic & financial planning for developers by tracking evolving government regulations and funding requirements. With over 100 years combined experience and more than 4,000 units completed, LGG is the industry’s preferred advisory leader.