Page 11 - Willa Rawls

INVESTMENT SUMMARY

Willa Rawls Manor provides an investor the opportunity to acquire a suburban Chicago
senior multifamily investment opportunity of significant size with the stability of a
full Project-Based Section 8 contract. The current nonprofit ownership have been
hands on stewards of the property, maintaining the grounds and looking after the
management and residents with great care. While the property and units are in good
physical condition, there are multiple opportunities to upgrade the property, making
it a good candidate for a tax exempt bond acquisition and renovation. The affordable
senior multifamily investment is eligible for executing Low Income Housing Tax Credits
pursuant to Internal Revenue Code §42 which is subject to rent and income restrictions.

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