Clocktower Tax Credits, LLC attended Mercy Housing Lakefront’s Moving Forward Together event in October and was honored to be among the recipients of the Wintrust Partners in Innovation Award. The award was given for our help in facilitating the sale of the Illinois Affordable Housing Tax Credits generated by the rehabilitation of Miriam Apartments in Chicago’s Uptown neighborhood. Clocktower was among 16 institutions recognized by Mercy to celebrate the work in renovating the complex, which will comprise 222 units of housing for at-risk low-income residents of Uptown.
The event celebrated all supporters of Mercy Housing Lakefront and showcased the vital role that they play in creating affordable housing and supportive services to communities across the Midwest. There were over 350 attendees of the event, including Illinois Deputy Governor Sol Flores, who gave a keynote address focused on the crucial need to support affordable housing solutions in vulnerable communities in Chicago.
Clocktower is committed to aiding the development of affordable housing in Chicago and the entire state of Illinois. We work with experienced Tax Credit buyers, who, paired with Clocktower’s expertise in the IAHTC program’s nuances and closing process, have helped dozens of projects secure vital equity for construction of low-income developments. For any help and feedback on prospective low-income housing-based development opportunities in Illinois, please contact David Curtis at (978) 440-0742 or DCurtis@ClocktowerTC.com.