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Troubled condo building to become affordable rental property after village investment
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Troubled condo building to become affordable rental property after village investment
Oak Park’s village board unanimously approved village funding for a new affordable housing project on Clinton Avenue. The effort undertaken by the Oak Park Residence Corporation will rescue a small condo association facing heavy infrastructure investments its members cannot afford to make. In its presentation to the village board, ResCorp said there are a number of such small and failing condo associations in the village. The board approved a …
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