Lincoln Park Villas

Experienced Developers For-Profit Organizations

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.

Regional Housing Development, NFP (RHD) is a 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. This project is a 33 unit family development of new affordable rental homes on various occupied and vacant infill sites throughout Athens, IL. This project is a RAD conversion and is leased.

Project Funding Sources

LIHTC Tax Equity
Energy Grant
Project Based Vouchers
First Mortgage

Lightengale’s Role
Some of the specific LGG tasks completed include:

Project Financing Coordination
- LIHTC Application
- Energy Grant Application
- Other Credits/Loan Funds
Project Budgets
Property Mgmt. Docs Coordination
Due Diligence
Insurance
Owner Sworn Statements
Project Based Vouchers/RAD
LIHTC – Carryover/10% Test
LIHTC – 8609

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

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.