National Equity Fund backs Waukegan affordable housing project with 98 one-bedroom units

• National Equity Fund marked the rehabilitation and expansion of Ravine Terrace into Riverside Apartments and Riverside Extensions in Waukegan, Illinois.
• Project delivered 98 affordable one-bedroom units, split between renovated public housing and a new-build on a separate site.
• Units target households at 30%, 50% or 60% of area median income, with preference for seniors and people with disabilities.
• Bear Real Estate Group developed the project with Waukegan Housing Development Corp.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. National Equity Fund Inc published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.