Archer Courts

Archer Courts located in the Chinatown neighborhood of Chicago, IL, is a 146 units Senior and Family Section 8 property. The property is subject to a 99-year ground lease with the Chicago Housing Authority.

The 146-unit complex features a curtainwall façade and colorful unit entry doors—giving it striking curb appeal. Amenities include large community spaces, a computer room, and playground. Upon takeover, the team introduced resident services via a new resident services coordinator.

The acquisition was financed by new HUD 221(d)(4) loan arranged by Prudential. In connection with closing, Rose extended the HAP contract for an additional 20 years, ensuring that Archer Courts will remain an affordable community through October 2057.

Following takeover, Rose competed an extensive renovation that included:

• Enterprise Green Communities certification
• Major in-unit renovations
• Roof replacement with enhanced insulation
• Exhaust system overhaul
• Energy Star appliances
• Interior and exterior LED lighting and controls
• Water saving fixtures, showerheads, and toilets
• Security improvements
• ADA upgrades
• Reprogramming the community center to deliver Rose’s social impact goals