3 Diamond Development (3DD) was created as an offshoot of Platinum Health Care, a high quality provider of assisted and skilled nursing. Lightengale Group helped 3DD learn the LIHTC and other affordable housing programs and helped broker their partnership with Neighborhood Housing Services (NHS) Redevelopment Corporation of Chicago. This is the first of many 3DD-LGG successful developments.
Project Funding Sources
Wrightwood Senior apartments is dedicated to providing superior quality in affordable living, designed for independent residents who are age 62 or older and offers 76 units between 15%- 60% AMI. The remaining 9 units are unrestricted. The apartments offer comfort and convenience in a modern social environment. Wrightwood Senior Apartments was awarded LIHTCs from IHDA in 2008, closed on financing and began construction in August 2009, and finished two months ahead of schedule and reached 100% occupancy by December 2010. The building maintains 100% occupancy. 3DD carefully selected this site and worked closely with the alderman and community to serve an area lacking quality affordable senior housing.