Wolford Apartments is a 100-unit 100% HAP Contract senior property located in Danville, IL. At closing, Standard entered into a tax credit execution with Illinois Housing (IHDA). The acquisition was financed with a loan by Citibank – via a conduit structure with IHDA – and tax credit equity following a syndication by an Alliant/Citi JV. With the acquisition of the property, the community is no longer at risk of exiting affordability programs, as the apartments are now preserved as affordable housing for the long-term. The tax-exempt bond financing arranged for this acquisition was the largest for a single project in Illinois history. The community went through a renovation in 2019 that addressed deferred maintenance.