Preservation of Affordable Housing (POAH) will begin renovations at Corcoran Place Apartments, a 94-unit affordable senior housing community on Chicago’s West Side, after closing $39.6 million in financing in late December. Financing for the rehabilitation is supported by tax-exempt bonds, LIHTC, and additional loans from Illinois Housing Development Authority. The development also received $5.58 million in federal Green and Resilient Retrofit Program (GRRP) funding through the Inflation Reduction Act of 2022.
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