Prairie View Timber Oaks was the purchase and renovation of housing developments in Woodstock, IL (McHenry County) and Ingleside, IL (Lake County) to further the mission of Invest in America Veterans Foundation, Inc., (American Veterans Foundation) a non-profit 501(C)(3) company based in Jacksonville, FL. American Veterans Foundation was founded to help US Veterans and owns a museum in Cape Coral, Florida. They provide free meals, offer job training to veterans, own housing for moderate to low income tenants which include veterans. They own approximately 1,800 rental units in FL, NC, SC and in NV close to a military base. They use cash flow from housing to enhance their mission to assist veterans. Their housing does not exclusively require Veterans only. They typically identify locations that have good relationships with the local Veterans Affairs offices.
The project was the purchase, renovation and improvement of a 334-unit multifamily housing development located at 411 Leah Lane, in the City of Woodstock, McHenry County, Illinois known as Prairie View and a 235 units multi-family housing development located at 310 South Route 59 in unincorporated Ingleside, Lake County Illinois known as Timber Oaks. The total project size was $67,000,000. On June 27, 2018, bonds were issued in the amount of $60,400,000 to help create and retain 10 full-time jobs.
The Project closed in 2018.