“I think this program is going to force capital that's been sitting on the sidelines to act and to get invested in some of the communities that need it the most across the country,” says Lindsay Sparacino, managing director of EJF Capital.
Physical, social and recreational enhancements will transform the community and preserve affordability of section 8 assisted living and affordable housing complex.
Habitat Company Completes $16M Acquisition and Rehabilitation Of East Garfield Park Affordable Community
The East Park SRO renovations were funded through a mix of equity from federal low-income housing tax credits, a grant from the Federal Home Loan Bank of Chicago and debt financing from the Illinois Housing Development Authority.
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