The NHP Foundation (NHPF), a national housing nonprofit, has completed a major renovation of the Edwin C. Berry Manor Apartments, a senior, Section 8 property located at 737 E. 69th Street in Chicago. NHPF is preserving and maintaining the 57-unit affordable property built in 1991, making it the fourth property the organization has acquired or built in Chicago in the last five years and the first specifically for seniors.
The rehabilitation was supported by a financial partnership with HUD, Merchants Capital, Illinois Housing Development Authority, National Affordable Housing Trust and UnitedHealth Group. The apartments were rapidly leased to 100 percent in September 2023.
“Preserving Edwin Berry Manor, an important senior presence in the rapidly changing Woodlawn community, is part of a strategic effort to leverage our know-how and that of our great partners to preserve affordable rental units for low-income residents,” said Veronica Gonzalez, project lead and Regional Director of Development, NHPF.
The post NHP Foundation Completes Woodlawn Senior Housing Project appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate
Read MoreConnect CREThe NHP Foundation (NHPF), a national housing nonprofit, has completed a major renovation of the Edwin C. Berry Manor Apartments, a senior, Section 8 property located at 737 E. 69th Street in Chicago. NHPF is preserving and maintaining the 57-unit affordable property built in 1991, making it the fourth property the organization has acquired or …
The post NHP Foundation Completes Woodlawn Senior Housing Project appeared first on Connect CRE.