Hines Illinois Veterans Residences

Hines Illinois Veterans Residences

Hines, IL

The Edward Hines JR. VA Hospital Complex contains a variety of historically significant buildings. Most recently, building #14 was redeveloped into 28 low-income apartments for homeless veterans. The financing included Federal HTCs as well as competitive State of IL HTCs, both of which were monetized.

Total Development Costs:

~$6 million

Project Sources:

20% Federal Historic Tax Credits, 25% Competitive State HTCs, Tax Credit Bridge Loan, Deferred Developer Fee, Construction Loan, Acquisition Loan, Permanent IHDA Loan
© 2023 Bracket Partners, LLC.
All rights reserved.