• Home Page
  • Why Choose Us
  • Who We Serve
  • Our Team
  • Client Portfolio
  • Happenings
  • Contact Us

Lincoln Park Villas

Home | Client Portfolio | Lincoln Park Villas
previous next

Lincoln Park Villas

Experienced Developer For-Profit Organization

Lincoln Park Villas
DEVELOPER INFO:
Lead Developer: RCH Development has been developing market rate, LIHTC and RD housing in Missouri since 1989. To date, they have developed and own 945 total housing units of which 705 are income restricted units in 28 overall projects, 23 of which are LIHTC. They have also developed a 171 unit student housing development in Kentucky.
Co-Developer: Regional Housing Development, NFP (RHD) started as the non‐profit instrumentality of the Menard County Housing Authority (MCHA). Through its affiliates, MCHA has developed, and currently manages, three tax credit properties: Prairie Place (2002), County Estates (2006), and Blue Sky Meadows (2013) for a total of 128 units. The properties were funded with tax credits and other IHDA resources. All properties are fully occupied and have a waitlists. A fourth LIHTC property, Parkside Homes, was recently completed in early 2015, as a RAD conversion project.

 

PROJECT INFO:

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 includes 72 one- and two-bedroom units for seniors 55 and older. The project site will have a total of 14 buildings, including 4 buildings with four units, 8 buildings containing six units, 1 building containing eight units, and a community building. The community building will contain an on-site property manager’s office, community kitchen and meeting space, and fitness equipment. The units will be fully equipped with energy star appliances including refrigerator, electric oven, dishwasher, and microwave. In-unit washer and dryers will also be provided. All units will be universally designed and eight will be ADA accessible.

project details

  • Lead Developer: RCH Development
  • Co-Developer: Regional Housing Development
  • Project Address: 1159 S. Lincoln Ave., O'Fallon, IL, 62294
  • Number of Units: 72
  • Property Type: Senior Housing
  • Closed: February 2015

 

Project Funding Sources

  • LIHTC Tax Equity 4%, 9%
  • Energy Grant
  • Project Based Vouchers
  • PBV from The St. Clair County Housing Authority.

 

Unique Elements

  • Reginal Housing Development is the projects NFP member and will also serve as property manager.

 

Lightengale’s Role:

  • Strategy
    • LIHTC Application
    • Project Budget
    • Project Based Vouchers/RAD
  • Financing Execution 
    • Energy Grant Application
    • Other Credits/Loan Funds
  • Due Diligence Coordination
    • Property Mgmt. Documents
    • Insurance Coordination
    • Owner Sworn Statements
  • Post Closing Services
    • LIHTC - Carryover/10% test
    • LIHTC - 8609

 

Photo Credit

related works

  • Hancock House

    Hancock House
  • LCDC Legacy Apartments

    LCDC Legacy Apartments
  • Altamont Senior Residences

    Altamont Senior Residences
  • Wisdom Village of Northlake, Phase II

    Wisdom Village of Northlake, Phase II
  • Ogden Avenue Supportive Housing

    Ogden Avenue Supportive Housing
  • Anthony Place of Ottawa

    Anthony Place of Ottawa
  • Anthony Place at Prairie Centre

    Anthony Place at Prairie Centre
  • Flax Meadows Townhomes

    Flax Meadows Townhomes
  • Miriam Apartments

    Miriam Apartments
  • Fifteenth Street Apartments

    Fifteenth Street Apartments
  • Washington Senior Apartments

    Washington Senior Apartments
  • Marison Mill Suites

    Marison Mill Suites
  • Thorpe Village

    Thorpe Village
  • Lawson and Montgomery Homes

    Lawson and Montgomery Homes
  • The Reserves at Briarwood

    The Reserves at Briarwood
  • The Reserves at Ironwood

    The Reserves at Ironwood
  • Wrightwood Senior Apartments

    Wrightwood Senior Apartments
  • Christian County, The Berkshires

    Christian County, The Berkshires
  • Pebble Creek Villas

    Pebble Creek Villas
  • River Haven Homes

    River Haven Homes
  • A Safe Place II

    A Safe Place II
  • Alice Place

    Alice Place
  • 3DD Oswego Senior Apartments

    3DD Oswego Senior Apartments
  • Diamond Senior Apts. at Wingate Drive

    Diamond Senior Apts. at Wingate Drive
  • Windsor Development Group Nehemiah II

    Windsor Development Group Nehemiah II
  • Windsor Development Group Golden Oaks

    Windsor Development Group Golden Oaks
  • Windsor Development Group Nehemiah I

    Windsor Development Group Nehemiah I
  • Windsor Development Group Hawkland Estates

    Windsor Development Group Hawkland Estates
  • Country Club Hills Wellness Center

    Country Club Hills Wellness Center
  • Immanuel Phase I

    Immanuel Phase I
  • Windsor Development Group Walnut Estates

    Windsor Development Group Walnut Estates
  • Leisure Acres, Phase I

    Leisure Acres, Phase I
  • Diamond Senior Apartments of Princeton

    Diamond Senior Apartments of Princeton
  • Gardiner Place Seniors

    Gardiner Place Seniors
  • IACAA Prairie Meadows I

    IACAA Prairie Meadows I
  • Virginia Towers

    Virginia Towers
  • The Reserves at Mill Farm

    The Reserves at Mill Farm
  • Bond County Homes

    Bond County Homes
  • West Humboldt Place

    West Humboldt Place
  • Southwick Place

    Southwick Place
  • G&A Kedzie

    G&A Kedzie
  • Arbor Place of Lisle

    Arbor Place of Lisle
  • Lake Street Studios

    Lake Street Studios
  • Water’s Edge of South Elgin

    Water’s Edge of South Elgin
  • Hall St. Lofts

    Hall St. Lofts
  • Concord at Sheridan

    Concord at Sheridan
  • Mill Street Station

    Mill Street Station
  • A Safe Haven Veteran Village

    A Safe Haven Veteran Village
  • Hathaway Homes

    Hathaway Homes
  • The Reserves at Storm Lake

    The Reserves at Storm Lake
  • Galena Park Terrace

    Galena Park Terrace
  • New Pisgah – Veterans New Beginning

    New Pisgah – Veterans New Beginning
  • Glendale Commons PSH

    Glendale Commons PSH
  • KJ Manor

    KJ Manor
  • Transformation Center of New Moms

    Transformation Center of New Moms
  • Diamond Senior Apartments of Iowa City

    Diamond Senior Apartments of Iowa City
  • New Moms PSH – Oak Park

    New Moms PSH – Oak Park
  • Oak Park Senior Residence, Muscatine Iowa

    Oak Park Senior Residence, Muscatine Iowa
  • Wisdom Village of Northlake, Phase I

    Wisdom Village of Northlake, Phase I
  • Windmill Manor

    Windmill Manor
  • Montclare Senior Residences of Calumet Heights

    Montclare Senior Residences of Calumet Heights
  • Lincoln Park Community Services

    Lincoln Park Community Services
  • Hershey Tower & Senior Village

    Hershey Tower & Senior Village
  • Alice Place, Senior Living of Boone

    Alice Place, Senior Living of Boone
  • Anthony Place of Yorkville

    Anthony Place of Yorkville
  • Tierra Linda

    Tierra Linda
  • Stonebridge of Gurnee

    Stonebridge of Gurnee
  • Mayfair Commons (NRC)

    Mayfair Commons (NRC)
  • Midtown Crossing Apartments

    Midtown Crossing Apartments
  • Rosenwald Courts

    Rosenwald Courts
  • Villas at Fox Pointe

    Villas at Fox Pointe


CREATIVE APPROACH.
PROVEN RESULTS.

Latest Happenings

  • March 1, 2021
    By LGG

    Celebrating 22 Years of Service!

    Lightengale Group Celebrates their 22nd Anniversary   Although this past year has […]

  • February 22, 2021
    By LGG

    Sharnette Brown Celebrates 7 years with...

    Sharnette Brown celebrates 7 years with Lightengale Group! Sharnette is one of […]

Contact

Have a question? We'd love to hear from you.

Lightengale Group
140 South Dearborn St., Suite 1610 Chicago, IL 60603
Phone: 312.920.1500

Send us a message

Connect With Us

  • Twitter
  • LinkedIn
Copyright Lightengale Group