ACQUISITION AND FINANCING OF AFFORDABLE HOUSING:
DPI&C facilitated an acquisition and financing of six affordable housing properties on behalf of the Oak Park Residence Corporation (OPRC), a non-profit organization committed to providing affordable housing. Through this acquisition, 170 affordable apartment units were preserved in the Oak Park area and OPRC's existing multifamily portfolio grew by 30%. DPI&C worked closely with David Pope, President and CEO of OPRC negotiated and orchestrated the acquisition.
INVESTMENT IN 12-UNIT APARTMENTS IN AUBURN GRESHAM:
DPI&C invested in a distressed and vacant apartment building. Fully renovated twelve one- and two- bedroom apartments are now available to rent to market rate and voucher-holding residents in the Auburn Gresham neighborhood.
“WHITE LABEL” UNDERWRITING TO CHICAGO COMMUNITY LOAN FUND.
DPI&C provides origination, consulting, underwriting and presenting support to the Lending Team to achieve its goals of generating $50 million in new loan originations per year. To-date, DPI&C ‘s efforts led to the closing of $5 million in community facilities, affordable housing, and commercial properties.
CCLF is a Community Development Financial Institution (CDFI) lending to low and moderate income areas in the Chicago area. Learn more about its impact here: Chicago Community Loan Fund
“WHITE LABEL” BUSINESS DEVELOPMENT TO AMPLIFY PROPERTY SOLUTIONS.
DPI&C provides business development services to grow this property services company into a profitable company serving Chicago’s landlords and owners on Chicago’s south side. Amplify provides consistent professional landscaping, cleaning and maintenance services (among other services) to larger properties. Learn more about the positive effect professional services can make in the neighborhoods here: Amplify Property Solutions