NEW OFFERING – Anthony Place at Glendale Heights IL

by | Dec 5, 2023

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The LIHTC Group just announced the offering of Anthony Place at Glendale Heights in Glendale Heights IL.

Anthony Place at Glendale Heights is a Senior LIHTC asset in its 11th year. The multi-family community comprised is of 81 units with beautiful fully appliance state-of the art, kitchens, under building garages, desirable amenities, and is located in Glendale Heights, IL. The community operates under the Section 42 Tax-Credit Program within the “Affordable Housing” sector, serving senior residents (aged 55+) who earn 30% and up to 60% of AMI (Area Median Income). The community offers a unit mix of (27) 1-bedroom, and (54) 2-bedroom apartments and shows like a stunning hotel.

DuPage County is a county in the U.S. state of Illinois, and one of the collar counties of the Chicago metropolitan area. As of the 2020 census, the population was 932,877, making it Illinois’ second-most populous county. Its county seat is Wheaton. Known for its vast Tallgrass prairies, DuPage County has become mostly developed and suburbanized, although some pockets of farmland remain in the county’s western and northern parts. Located in the Rust Belt, the area is one of few in the region whose economy quickly became dependent on the headquarters of several large corporations due to its close proximity to Chicago. The county has a mixed socioeconomic profile and residents of Hinsdale, Naperville and Oak Brook include some of the wealthiest people in the Midwest.

The median household income in DuPage County, IL is $96,403. The economy of DuPage County, IL employs 491k people. The largest industries in DuPage County, IL are Health Care & Social Assistance (61,245 people), Manufacturing (59,905 people), and Professional, Scientific, & Technical Services (53,676 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($100,810), Utilities ($95,188), and Public Administration ($84,238). The area has provided working careers for many individuals.

About The LIHTC Group: The LIHTC Group is a national brokerage and consulting firm that works exclusively with multi-family assets in both the Affordable Housing and Market Rate sector. With offices in Illinois, Florida, and California, The LIHTC Group has far-reaching relationships with both local and national groups. These relationships include pension funds, private family offices, national REITS, and nonprofits, as well as small private investors and syndicators of both Affordable and Market Rate assets. The LIHTC Group uses a proven systematic approach to reaching out to the marketplace in order to maximize value on behalf of their clients — both buyers and sellers.