Tuesday, November 17, 2015

The Habitat Company Retained by IHDA as Property Manager of Lake Shore Plaza in Chicago, IL

Matthew Fiascone
CHICAGO, IL – The Habitat Company, a leading multifamily property developer and manager in the United States, announced it has again been selected by the Illinois Housing Development Authority (IHDA) as property manager for Lake Shore Plaza.

Acting as manager of the community since 2010, Habitat was retained for another three-year term through IHDA’s public proposal process.

“This is a particularly rewarding win for us as IDHA is required to go through the procurement process and obtain bids from competitors,” said Matt Fiascone, president of The Habitat Company.

“There are no guarantees when it comes to retaining management contracts, however, we are reassured knowing that our team is out there doing the best they can and I’m proud to see that IHDA agrees. 

"This win for us further demonstrates that every Habitat team member has the opportunity to make an impact at their community.” 

Located at 445 East Ohio Street, Lake Shore Plaza is a 567-unit 40-story apartment building comprising 80 percent market-rate and 20 percent Section 8 affordable housing.

For a complete copy of the company’s news release, please contact:

Cara Mooses, cmooses@taylorjohnson.com, 312.267.4523

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

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