61 results for “preservation of affordable housing”
CRE N Illinois

ULI Chicago names nine winners at 2019 Vision Awards

Six projects, two programs and one young visionary were announced as winners at the 8th annual Urban Land Institute Chicago Vision Awards. The Vision Awards honor projects and programs that reflect creative development practices, inventive partnerships, sharing of resources, imaginative problem solving and visionary ideas contributing to th…

Multifamily Midwest

Enterprise Community Development names president

Brian McLaughlin has been named president and chief executive officer of Enterprise Community Development (ECD), a new organization that brings together two developers and managers of affordable, well-designed homes: Community Preservation Development Corporation (CPDC) and Enterprise Homes, Inc.

Seniors Housing N Illinois

POAH acquires Chicago-area YMCA senior housing properties

Preservation of Affordable Housing (POAH) is acquiring six senior housing facilities financed by HUD and currently owned by YMCA Foundation entities. POAH will continue providing affordable rental housing to seniors at all 461 apartments, which were previously managed by the YMCA of Metropolitan Chicago. As the new owner, POAH will honor ex…

Retail N Illinois

New Jewel ends 50-year food desert for Chicago's Woodlawn neighborhood

The Preservation of Affordable Housing (POAH) joined with Chicago Mayor Rahm Emanuel and community members to celebrate the grand opening of a new Jewel-Osco store in Chicago’s Woodlawn neighborhood. The move comes after more than $410 million in investment over nearly a decade of redevelopment efforts that started with a modest rehab of th…

Multifamily N Illinois

Construction begins on Albany Park affordable housing project

Evergreen Real Estate Group, in partnership with the Chicago Housing Authority, announced the start of construction on Oso Apartments, a 48-unit affordable rental community at 3435 W. Montrose Avenue in Chicago’s Albany Park neighborhood. Evergreen and CHA representatives joined 35th Ward Alderman Carlos Ramirez-Rosa, officials from the Ill…

Multifamily N Illinois

Avanth acquires two affordable multifamily properties for $72M

Avanath Capital Management, LLC has acquired two affordable multifamily properties totaling 668 units in the Chicago metro through an institutional fund, Avanath Affordable Housing III, for a combined total of $72.2 million. The properties include the 582-unit Hinsdale Lake Terrace in Willowbrook, Illinois and the 86-unit Drexel Court in Ch…

CRE N Illinois

Theaster Gates honored by ULI for work in urban development

Internationally acclaimed artist and urban planner Theaster Gates, whose rise to prominence began with his use of art and culture to revive underserved neighborhoods in his hometown of Chicago, has been named the 2018 recipient of the Urban Land Institute’s (ULI) J.C. Nichols Prize for Visionaries in Urban Development.