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Deal Profile: IL Sec 8 Portfolio
$206MM transaction preserving 855 at risk units across 6
properties in the Chicago MSA
Largest tax-exempt bond financing transaction for a single
affordable housing preservation project in Illinois Housing
history
Expanded affordability of the properties, eliminating a source
of stress for over 1,200 residents and introduced PBRA to 150
units
Completed a $42MM renovation that upgraded unit interiors,
building systems, and community spaces
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