Three organizations working in affordable housing in Lake County, Illinois wished to determine if merging would help with long-term sustainability and program expansion. Lake County Residential Development Corporation, Affordable Housing Corporation of Lake County and Community Partners for Affordable Housing offer complimentary affordable housing programs in adjacent geographies in the “lakes” region of Illinois just outside of Chicago. An engagement to explore a merger was partially funded by a grant from The SeaChange-Lodestar Fund for Nonprofit Collaboration.
SeaChange Capital Partners
IL - Illinois