MCZ Development Corp., a Chicago-based real estate development firm, is launching a new division, MCZUrban. Christina Noelle has been named president of the new branch, which will focus on the development of residences in urban areas that incorporate green spaces and retail components. Noelle has...
Seize Opportunity for Change, Johnson, SarbanesTell Audience
CHICAGO—The next year will bring tremendous opportunities for progress in federal affordable housing policy, but only if housing advocates come up with good ideas to modernize current programs and convince the next president to install a capable reformer as the head of the Department of Housing and...
CHICAGO—The Illinois Housing Development Authority (IHDA) has made some significant changes to its 2008-2009 qualified allocation plan (QAP), revamping its setaside categories and offering incentives for lower-income targeting and green building techniques.
Time for Bold Action
Chicago—As I wrapped up AHF Live: The Tax Credit Developers’ Summit here in October, I was amazed by the excitement it generated.
Schréder Lighting Opens U.S. Office
Brussels-based Schréder Group, G.I.E., has established Schréder Lighting USA in Chicago. The company says its U.S. office will complement existing Canadian operations to establish the Schréder brand throughout North America.
BEST SPECIAL-NEEDS PROJECT:Chicago Development Changing Lives
CHICAGO—Anthony Sugel has a place to call home. He moved into his new apartment March 1.
Waterton Associates’ business came full circle when it purchased the Presidential Towers in a $475 million deal in March, the largest multifamily transaction in Chicago’s history.
Chicago—AvalonBay Communities has acquired a 3.5-acre site here for a new 1,000-unit apartment community, Avalon on South Clark. The development cost is approximately $280 million.
CHICAGO—Centerline Holding Co. said it has provided $30.5 million in equity financing for phase II of Roosevelt Square Apartments here. The HOPE VI program provided an additional $17 million for phase II.
Take the Tour
The popular affordable housing bus tour is once again a part of the agenda at this year’s AHF Live: The Tax Credit Developers’ Summit. For an additional fee, conference attendees can tour a dozen affordable housing properties in Chicago.