National Equity Fund Inc

10/06/2026 | Press release | Distributed by Public on 10/06/2026 09:46

Waukegan Landmark Transformed & Expanded into 98 Affordable One-Bedroom Apartments in Illinois

October 06, 2026

A few weeks ago, NEF was honored to witness the transformation and expansion of Ravine Terrace into Riverside Apartments and Riverside Extensions in Waukegan, IL!

Developed by Bear Real Estate Group in partnership with Waukegan Housing Development Corp, this affordable housing development is the combination of the rehabilitated public housing development and a new construction building on a separate site.

All 98 one-bedroom units are affordable for households earning 30%, 50% or 60% of the area median income (AMI) with a preference for seniors and people with disabilities.

View photos here.

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National Equity Fund Inc published this content on October 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 06, 2026 at 15:47 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]