Housing Investment Trust also provided $23.7 million for the 293-unit Downtown conversion project at 201 N. Wells St., 330-unit South Shore Beach Apartments and 116-unit Northtown Village. It also is providing about half of the financing the $15-million, 109-unit Victory Centre assisted living facility in west suburban Melrose Park.
Besides funding the construction of 8,600 residential units and 1.7 million sf of commercial space, the $500 million in loans over the last decade have help the AFL-CIO keep its membership working. All projects funded by the Housing Investment Trust are 100% union built.
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