Walker & Dunlop Arranges $22 Million Equity for Chicago Community Development

WD
October 02, 2025

Walker & Dunlop, Inc. announced on May 12, 2025, that it arranged $22 million in equity for Parkside 5. This project represents the fifth and final phase of the Parkside at Old Town development, a 99-unit community located on the former Cabrini-Green public housing site in Chicago’s Near North Side.

The groundbreaking of Parkside 5 marks a significant milestone in the urban redevelopment efforts for the area. This community aims to provide new housing options and contribute to the revitalization of the neighborhood.

Walker & Dunlop's involvement in securing equity for such a project underscores its commitment to supporting community development and addressing housing needs in urban centers. This initiative aligns with broader efforts to create sustainable and vibrant communities.

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