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Kretchmer Associates

Kretchmer Associates

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The Villas of Lake in the Hills – Lake in the Hills, IL

DKI secures tax credits for affordable housing in northwest suburban Chicago

  • Developer successfully secured tax credits
  • The Villas of Lake in the Hills leased up quickly and has a lengthy waiting list

Villas Of Lake In The Hills

Requirement

DKI – a developer specializing in affordable housing – approached us to prepare a market study for an apartment complex targeting low- and moderate-income families in a northwest suburb with very limited affordable options.

Approach

Leveraging our knowledge of the location, we prepared a market study that demonstrated the need for affordable family housing. This helped DKI secure municipal approvals and obtain Low-Income Housing Tax Credits.

Results

The Villas of Lake in the Hills leased up quickly, and the property now has a lengthy waiting list.

“Kretchmer Associates has been our go-to firm throughout my more than 25 years as a developer of affordable housing for the simple reason that I know I can always rely on Kretchmer Associates to deliver on a timely basis accurate and thoroughly researched market studies that have justifiably earned the respect of lenders and investors. I would never consider using another firm unless I had to.” ~ Dan Kotcher, DKI

Villas Of Lake In The Hills
Villas Of Lake In The Hills
Villas Of Lake In The Hills
Related Projects: Affordable Housing, Chicago Metro, Developer

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Kretchmer Associates
807 Davis Street #2004
Evanston, Illinois 60201-7103
(847) 864-8895
vsk@kretchmerassociates.com

About Us

Founded in 1985, Kretchmer Associates is a certified WBE with expertise in all aspects of residential, retail, commercial, and industrial real estate analysis in the Chicago metro area and throughout the rest of Illinois, Indiana, Wisconsin, Iowa, Missouri, Kansas, Nebraska, and Minnesota.
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