Deal Lists Developers and Advisors for
Quality Affordable Housing Development

Assisted Living and SLFs

  • DevelopmentApartment
    Units    Development
    Cost    Major Financing Components
  • McHenry Memory Care 40 $12M FHA Loan, Private Equity
  • Hammond SLF 125 $23M LIHTC, Unrated Tax-Exempt Bonds
  • Eden Champaign 150 $20M 4% LIHTC, tax-exempt bonds, FHA 232 loan, seller financing
  • Spring Street 30 $8M Conventional construction loan, Fannie Mae take out
  • Gateway at River City 105 $21M 9% LIHTC, FHA 232 loan,
  • Freeport Supportive Living 76 $18M 9% LIHTC and FHA 232 loan
  • Gurnee Supportive Living 105 $20M 9% LIHTC and FHA-insured loan
  • Heritage Woods of South Elgin 132 $16M Conventional: bank and owner equity
  • Pioneer Gardens 120 $20M TE, 4% LIHTC, HOME, FHLB
  • Heritage Woods of Batavia 55 $8M Tax-exempt private activity bonds, 4% LIHTC
  • Eagle Ridge, Phase II 37 $6M TE Bonds, 4% LIHTC, IHDA low interest loan
  • Heritage Woods of Moline 99 $15M Tax-exempt private activity bonds, 4% LIHTC
  • Pineview of Rockford 99 $12M Tax-exempt private activity bonds, 4% LIHTC
  • Senior Estates 105 $17M Tax-exempt private activity bonds, 4% LIHTC
  • DeKalb SLF, LP 76 $11M TE Bonds, 4% LIHTC, FHLB, land donation
  • Living Springs 99 $17M Tax-exempt private activity bonds, 4% LIHTC
  • Fox Meadows 41 $7M TE Bonds, 4% LIHTC, FHLB, land donation
  • Parkview Place of Sterling 76 $10M 9% LIHTC, bank mortgage and IHDA HOME, IAHTF
  • Heritage Woods of Plainfield 105 $18M Tax-exempt private activity bonds, 4% LIHTC
  • John M. Evans Supportive Living 76 $10M 9% LIHTC and IHDA Risk-Share loan
  • The Glen at Belvidere 120 $22M ARRA stimulus funds, FHLB, FHA, CDAP
  • Lincoln Trails Place 82 $12M ARRA stimulus funds and local bank loan
  • Yorkville Supportive Living 87 $9M Conventional: bank and owner equity
  • Prairie Winds of Urbana 92 $9M Conventional: bank and owner equity

Affordable Apartments

  • DevelopmentApartment
    Units    Development
    Cost    Major Financing Components
  • Thorncreek Senior Living 46 $14M LIHTC, IHDA HOME, DCEO Grant
  • Damen Court 150 $27M LIHTC, FHA Loan, Donations Tax Credit
  • Riverwalk Senior Residences 120 $15M FHA 221(d)4 refinance
  • Country Lane Apartments 48 $9M 9% LIHTC, IHDA HOME, Illinois Affordable Housing Trust Fund
  • Highland Place Apartments of Charleston 72 $6M 9% LIHTC, IHDA HOME
  • Melmar Apartments 40 $7M 9% LIHTC, IHDA HOME, Illinois Affordable Housing Trust Fund
  • Madison Avenue Apartments 50 $7M 9% LIHTC, IHDA HOME, Illinois Affordable Housing Trust Fund
  • Pershing Courts 80 $16M Tax-exempt bridge bonds, Chicago HOME loan, Capital Funds, 4% tax credits
  • West Haven Park Apartments 155 $39M 4% tax credits, HOME, FHLB, IAHTF, TE Bonds, Capital Funds
  • Hispanic Housing Development Corporation – 4 property refinance 629 $19M Refinance of four ELIHPA properties in Crystal Lake, Danville, Woodstock & West Chicago with tax-exempt bonds
  • Sky 55 at Central Station 502 $79M Tax-exempt bonds with Fannie Mae credit enhancement, TIF, 4% tax credits
  • Valley View Apartments 167 $10M 236 decoupling to enhanced vouchers, tax-exempt bonds, FHA/ GNMA insurance, 4% tax credits
  • Park Boulevard 187 $36M Tax-exempt bonds, Capital Funds, 4% tax credits, HOME, Illinois donation tax credits
  • Hearts United Phase I and II 223 $31M Tax-exempt bonds, 4% tax credits, HOPE VI, FHA/ GNMA insurance, TIF, LIHTC bridge loan, federal enterprise zone funds
  • Raymond Hilliard Center Redevelopment 654 $99M Tax-exempt bonds, 4% tax credits, historic credits, CHA Capital Funds, FHA/ GNMA, TIF, City energy loan, FHLB CIP

Non Profit Clients

  • DevelopmentApartment
    Units    Development
    Cost    Major Financing Components
  • Freeport Supportive Living 76 $18M 9% LIHTC and FHA 232 loan
  • Hispanic Housing Development Corporation – 4 property refinance 629 $19M Refinance of four ELIHPA properties in Crystal Lake, Danville, Woodstock & West Chicago with tax-exempt bonds
  • Pioneer Gardens 120 $20M TE, 4% LIHTC, HOME, FHLB
  • DeKalb SLF, LP 76 $11M TE Bonds, 4% LIHTC, FHLB, land donation
  • Fox Meadows 41 $7M TE Bonds, 4% LIHTC, FHLB, land donation
  • Easter Seals Therapeutic Day School   $10M Bank loan, DCEO grants, land donation
  • John M. Evans Supportive Living 76 $10M 9% LIHTC and IHDA Risk-Share loan
  • Parkview Place of Sterling 76 $10M 9% LIHTC, bank mortgage and IHDA HOME, IAHTF
  • The Glen at Belvidere 120 $22M ARRA stimulus funds, FHLB, FHA, CDAP

New Strategies for Old Properties

  • DevelopmentApartment
    Units    Development
    Cost    Major Financing Components
  • Damen Court 150 $27M LIHTC, FHA Loan, Donations Tax Credit
  • Buena Vista Tower 99 $13M Tax-exempt bonds, HOME, Illinois donation tax credits, seller financing
  • Riverwalk Senior Residences 120 $15M FHA 221(d)4 refinance
  • Highland Place Apartments of Charleston 72 $6M 9% LIHTC, IHDA HOME
  • Shadley Apartments – Sale 119 $8M Sale of Section 8 Elderly property to national non-profit
  • Hispanic Housing Development Corporation – 4 property refinance 629 $19M Refinance of four ELIHPA properties in Crystal Lake, Danville, Woodstock & West Chicago with tax-exempt bonds
  • Raymond Hilliard Center Redevelopment 654 $99M Tax-exempt bonds, 4% tax credits, historic credits, CHA Capital Funds, FHA/ GNMA, TIF, City energy loan, FHLB CIP
  • Luther Center Apartments – Sale 201 $9M Sale of Section 8 Elderly property to non-profit partner using a FHA loan
  • East Terrace Apartments – Sale 129 $6M Sale of Section 8 Elderly property @ cap rate = 5.9%
  • Lakeside Towers – Refinance 182 $6M Refinance with $6.5 million loan from insurance company
  • Valley View Apartments – Rehab with tenants in place 167 $10M 236 decoupling to enhanced vouchers, tax-exempt bonds, FHA/ GNMA insurance, 4% tax credits

Tax Exempt Bond Financing

  • DevelopmentApartment
    Units    Development
    Cost    Major Financing Components
  • Hammond SLF 125 $23M LIHTC, Unrated Tax-Exempt Bonds
  • Damen Court 150 $27M LIHTC, FHA Loan, Donations Tax Credit
  • Buena Vista Tower 99 $13M Tax-exempt bonds, HOME, Illinois donation tax credits, seller financing
  • Eden Champaign 150 $20M 4% LIHTC, tax-exempt bonds, FHA 232 loan, seller financing
  • Pershing Courts 80 $16M Tax-exempt bridge bonds, Chicago HOME loan, Capital Funds, 4% tax credits
  • West Haven Park Apartments 155 $39M 4% tax credits, HOME, FHLB, IAHTF, TE Bonds, Capital Funds
  • Hispanic Housing Development Corporation – 4 property refinance 629 $19M Refinance of four ELIHPA properties in Crystal Lake, Danville, Woodstock & West Chicago with tax-exempt bonds
  • Pioneer Gardens 120 $20M TE, 4% LIHTC, HOME, FHLB
  • Sky 55 at Central Station 502 $79M Tax-exempt bonds with Fannie Mae credit enhancement, TIF, 4% tax credits
  • Valley View Apartments 167 $10M 236 decoupling to enhanced vouchers, tax-exempt bonds, FHA/ GNMA insurance, 4% tax credits
  • Heritage Woods of Batavia 55 $8M Tax-exempt private activity bonds, 4% LIHTC
  • Eagle Ridge, Phase II 37 $6M TE Bonds, 4% LIHTC, IHDA low interest loan
  • Heritage Woods of Moline 99 $15M Tax-exempt private activity bonds, 4% LIHTC
  • Pineview of Rockford 99 $12M Tax-exempt private activity bonds, 4% LIHTC
  • Park Boulevard 187 $36M Tax-exempt bonds, Capital Funds, 4% tax credits, HOME, Illinois donation tax credits
  • Senior Estates 105 $17M Tax-exempt private activity bonds, 4% LIHTC
  • DeKalb SLF, LP 76 $11M TE Bonds, 4% LIHTC, FHLB, land donation
  • Living Springs 99 $17M Tax-exempt private activity bonds, 4% LIHTC
  • Fox Meadows 41 $7M TE Bonds, 4% LIHTC, FHLB, land donation
  • Parkview Place of Sterling 76 $10M 9% LIHTC, bank mortgage and IHDA HOME, IAHTF
  • Heritage Woods of Plainfield 105 $18M Tax-exempt private activity bonds, 4% LIHTC
  • Hearts United Phase I and II 223 $31M Tax-exempt bonds, 4% tax credits, HOPE VI, FHA/ GNMA insurance, TIF, LIHTC bridge loan, federal enterprise zone funds
  • Raymond Hilliard Center Redevelopment 654 $99M Tax-exempt bonds, 4% tax credits, historic credits, CHA Capital Funds, FHA/ GNMA, TIF, City energy loan, FHLB CIP

Large Scale Public Works

  • DevelopmentApartment
    Units    Development
    Cost    Major Financing Components
  • Marriott Hotel & Conference Center – Town of Normal, IL   $24M Negotiated public/private partnership agreement for new hotel development
  • Omaha Hilton   $78M Publicly-owned hotel adjacent to convention center, non-rated tax exempt bonds
  • City of Chicago Bond refunding program   $212M Innovative structure to refinance outstanding City general obligation debt that saved $6 million
  • City of Indianapolis Motor Fuel Tax Bonds   $55M New financing program to expand infrastructure improvement program
  • State of Illinois Building Illinois and GO bond refunding programs   $187M Bond refinancing that generated debt service savings. Led initiative to win credit rating upgrade from Standard & Poor’s for the State.
  • NE Illinois Regional Transportation Authority   $1B Five year capital program funded by regional sales tax
  • Navy Pier parking garage expansion   $19M Bank loan secured by operating revenues
  • Wisconsin Center expansion   $170M Hotel taxes, auto rental tax, restaurant tax, and state moral obligation pledge
  • McCormick Place expansion   $987M Hotel taxes, airport taxi surcharge, restaurant tax, auto rental tax, and state appropriations
  • Miller Park   $303M New legislation; funding from regional sales tax
  • US Cellular Field   $185M New legislation; funding from hotel tax revenues