News & Awards

News & Awards

Archive for June, 2015

Mental Health Advocates Hope Wheeling Apartments Just the Beginning

To Phillip Graham, Myers Place is more than just his home. The Mount Prospect apartment building is the place that brought back his self-esteem, helped him learn new abilities and give him a chance to be independent. A similar $17 million, 50-unit housing development called Philhaven broke ground Tuesday at 2418 E. Hintz Road in…
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Wheeling Supportive Housing Project Breaks Ground

Via Journal Online: Ground will be broken in Wheeling this week on a new apartment building designed to provide local residents with some extra support. Community leaders, funding partners and other guests were invited to a ceremony Tuesday (June 23) for the 50-unit PhilHaven development at 2418 E. Hintz Rd. Daveri Development Group and Elk…
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UP Development Awarded Federal 9% Tax Credits for Two New Developments

On June 18, 2015 Illinois Housing Development Authority announced the awards from the first round of 2015 LIHTC applications. UP Development was the recipient of allocations for two separate projects, totaling $1.72 million in federal low income housing tax credits. These allocations will generate approximately $18 million in private equity towards the construction of the…
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Federal Home Loan Bank Features PhilHaven

Cullen Davis and the PhilHaven project were featured in in Federal Home Loan Bank of Chicago’s 2014 Annual Report, entitled “You Are The Solution.”