Construction on the nation’s first Low-Income Housing Tax Credit (LIHTC) building for the blind community has been completed.in Chicago.
McShane Ashlaur Joint Venture – a partnership between McShane Construction Company and Ashlaur Construction – have concluded the construction of The Foglia Residences for clients Brinshore Development and The Chicago Lighthouse. The multifamily development is based on a site adjacent to The Chicago Lighthouse’s center in the Illinois Medical District.
The new property encompasses 76 affordable units for residents who are blind, visually impaired, disabled, and veterans. The podium-style building features nine stories with three levels of parking, six levels of units, and first-floor retail space. Units are offered in studio, one-, and two-bedroom floorplans that provide accessible, independent living for qualifying low-income households.
“We are extremely proud to deliver this monumental development for Brinshore and The Chicago Lighthouse,” said David J. Rintz, regional vice president of multifamily at McShane. “Thanks to their tireless efforts, multiple underserved populations have access to high-quality housing that meets their needs at an affordable rate.”
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