The Habitat Company Assumes Management of Three North Side Apartment Communities on Behalf of Chicago Housing Authority

                           

                                                         

Matthew Fiascone

CHICAGO (April 19, 2016) – The Habitat Company, a leading multifamily developer and manager in the United States and the largest property manager for the Chicago Housing Authority (CHA), announced it has assumed management of three North Side communities totaling 111 units on behalf of the CHA.

The three properties, which were acquired by the CHA in March 2016, include the 41-unit Crowder Place at 3801 N. Pine Grove Ave., the 37-unit Mulvey Place at 416 W. Barry Ave., both in the Lakeview neighborhood, and the 33-unit Devon Place at 1950 W. Devon Ave. in the West Ridge community.

 The recent acquisition by the CHA ensured that all three communities, which were previously owned by Presbyterian Homes, will remain an affordable housing option in the city of Chicago.

“Our long history in both the development and management of public and senior housing, as well as our long-standing relationship with the CHA, allows us to truly understand the needs of both the CHA and its residents,” said Matt Fiascone, president of The Habitat Company.

 “With more than 5,000 CHA units under management, we were able to address the needs of both the CHA and its residents and provide them with a seamless transition.”

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

John Holden, jholden@taylorjohnson.com, 312.267.4538

Abe Tekippe, atekippe@taylorjohnson.com, 312-267-4528