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| Matt Fiascone |
CHICAGO, IL –
Chicago-based The Habitat Company, a leading U.S. multifamily developer and
property manager, announced it has closed on the $16 million acquisition
and rehabilitation of a 153-unit , single-room-occupancy community in Chicago’s
East Garfield Park neighborhood.
Work to renovate East Park
SRO has started, and is scheduled to be completed in May 2018.
“The Habitat Company
started as an affordable housing developer 46 years ago, and while we are
diversified in market-rate and condo management disciplines, we’re consistently
looking to grow our affordable housing portfolio with meaningful projects,”
said Matt Fiascone, president of The
Habitat Company.
“Preserving the
affordability of East Park SRO demonstrates how important public-private
partnerships are to both provide affordable housing opportunities and link
residents with the supportive services they need to become self-sufficient.”
For a complete copy of the company’s news release,
please contact:
Kim Manning,
kmanning@taylorjohnson.com, (312) 267-4527
Rebecca Boykin,
rboykin@taylorjohnson.com, (312) 267-4523
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