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Chicago & Midwest  + North Side  + Senior Housing  |  November 17, 2020
Paul Bubny
By: Paul Bubny

Developer Plans Rehab of Seniors Housing at North Park Village

The rehabilitation of 180 affordable senior housing at North Park Village Apartments would be made possible by the approval of an ordinance introduced Monday by Mayor Lori Lightfoot.

Elderly Housing Development and Operations Corporation (EHDOC) plans to rehabilitate 180 units of senior affordable housing at North Park Village Apartments, located on a portion of the historic Chicago Municipal Tuberculosis Sanitarium campus, which was built in 1911.

Support of the project would include $3,000,000 in reservation of donation tax credits; issuance of $3,815,000 in multifamily loans; and a 99-year ground lease of the city-owned Building H with EHDOC North Park Village Charitable Corporation.
The overall campus is in the process of being designated as a Chicago Landmark as well as a designated Historic District by the National Park Service.

Photo courtesy of EHDOC.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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