The funding under the Special Needs Housing Subsidy Loan Program is the first major new funding source in seven years to provide supportive and affordable housing opportunities statewide.

Construction financing and joint venture equity was recently arranged for the Montrose Collective, a four-building mixed-use development with 150,000 square feet of creative office/retail space.

The portfolio consists of more than 1.9 million square feet of space across 11 of the 19 Chicago submarkets. Capital One provided the debt financing for the acquisition. Venture One will continue to manage the portfolio.