Properties
Residential & Mixed Use
Commercial
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St. John Homes
21st Avenue and Virginia St
Gary, Indiana
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| Assembling
financing for the acquisition and substantial
rehabilitation of this 144-unit property took
nearly three years, ultimately enabling the
transformation of what the Indiana HUD office
cited as its most troubled property. Proceeds from
a HUD-insured second mortgage and the syndication
of low-income housing tax credits funded the
replacement of major building systems, addition of
roof gables to enliven the architectural
vocabulary, and site work to improve management's
ability to monitor access to the property. |
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