The recent downturn in the economy, especially in the housing industry, has created an unprecedented opportunity for LCHA to increase its portfolio of affordable housing available to all range of tenants. As a result, LCHA has aggressively pursued acquisition of existing multifamily housing as a priority. Since implementing the strategy in 2011, LCHA has acquired 14 additional housing units in various parts of the county with the goal of 30. This program is funded using non-federal funds.

Our investment strategy is simple: Focus on opportunistic investments that deliver exceptional returns to our ongoing housing programs. These include:

  • Distressed assets (such as properties in foreclosure or properties damaged by natural disasters HUD Dollar Homes and HUD Foreclosures).
  • Assets that can be re-positioned and have added value potential.
  • Valuable land to demolish and deliver accessible affordable housing.
  • Properties in sub-markets with strong employment growth.
  • Properties associated with future potential of Homeownership.
  • Properties in areas that are neglected or depressed but with focus on our decentralization goals.

For more information, please visit:

Affordable Housing Acquisition #1

If you would like any additional information on this event, please do not hesitate to inquire at 847-223-1170 ext. 2240 or kjackson@lakecountyha.org.