Lead Developer: GC Housing Development LLC (GCHD), an affiliate of Crane Construction, is a fourth generation, Chicago-based developer of affordable housing. This is GC Housing Development’s third LIHTC project.
With a focus on affordable housing financed through the Low Income Housing Tax Credit (LIHTC) program, GCHD develops high-quality, affordable, independent living residences for those over the age of 55. GCHD’s mission is to develop quality affordable housing that provides the largest units with the complementary common amenities at the lowest rent. In this approach, GHCD’s developments remain viable and marketable throughout the compliance period. GCHD’s co-founders have developed over 700 units of affordable housing units across the state of Illinois. GCHD, through a partnership with Crane Construction, LLC, provides both development and construction services from start to finish for all of our projects. By retaining control over the entire construction process, including the construction and lease-up phase, GCHD is uniquely suited in the LIHTC community.
Co Developer: Starved Rock Homes Development Corporation, is an Illinois 501c3 and non-profit partner in the project. SRHDC is a subsidiary of the Housing Authority of LaSalle County, which owns and manages approximately 1,000 residences in LaSalle County, manages 550 Housing Choice Vouchers in LaSalle and Grundy Counties, and owns and manages three USDA Rural Development properties. SRHDC operates food service programs in senior citizen living centers and provides laundry and beauty shop facilities in various subsidized housing facilities. SRHDC has worked with numerous developments on the construction of low income housing throughout LaSalle County.
Anthony Place Ottawa (AP) is a 56 unit (42 1BRs and 14- 2BRs) new construction four story building in downtown Ottawa. The project included the partial demolition of a bank, leaving the First National Bank of Ottawa drive thru. AP Ottawa provides 1 and 2 bedroom units for seniors 55 and older (62 and older for the Project Based Voucher units). Amenities include a combination of covered and outdoor parking (28 indoor and 21 outdoor spaces), a management office, community room, reading room, game/tv room, fitness room and tenant storage. The project was awarded Project Based Vouchers from the LaSalle County Housing Authority and also rental support from the City of Ottawa and the Veterans Housing Commission.
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Photo Credit: Landon Bone Baker