East Park Apartments
For 20 years, East Park Apartments provided desperately needed housing for at-risk individuals. As with any aging building, there was a need for a more robust capital improvement plan, including the replacement of major building systems and significant upgrades to the furnished apartment homes.
We stepped up and answered the call, providing construction financing, along with tax credit equity and an $850,000 Affordable Housing Program (AHP) grant in conjunction with the Federal Home Loan Bank of Chicago (FHLBC). These funds allowed The Habitat Company to substantially rehab East Park Apartments and ensure that 153 units of quality housing, targeting homeless veterans, will remain affordable for the next 30 years.