Maple Pointe Apartments is a 343-unit property located in Chicago, 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. There are several different subsidy and affordability programs in place at the property, which was an existing LIHTC deal. 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.