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Habitat Deepens Affordable Housing Portfolio

CHICAGO—The company has acquired an SRO that it first developed in 1994.

chi-EastParkSRO1 (2) Habitat has managed this community in East Garfield Park for more than 20 years.

CHICAGO—Chicago-based The Habitat Co. has closed on the $16 million acquisition and rehabilitation of a 153-unit, single-room-occupancy community in Chicago’s East Garfield Park neighborhood. The firm has already started to renovate the property, and plans to complete the work in May 2018.

The new project is a good illustration of one aspect of the company’s overall strategy. As reported in GlobeSt.com, although it has set a goal of expanding operations beyond Chicago, Habitat also aims to retain its leadership in the local affordable housing sector.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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