CDT and The BLVD Group buy two Decatur senior housing properties

The Community Development Trust and The BLVD Group acquired Oxford House and The Woods in Decatur, Illinois, preserving 213 affordable senior apartments in a market with few options for very low-income residents. The deal closed in the fourth quarter of 2026 and brings long-term Section 8 support, with planned capital improvements to protect the buildings and resident quality of life.

Why it matters: - The acquisition preserves 213 units of affordable senior housing in Decatur, Illinois. - The properties will continue serving very low-income seniors under long-term Project-Based Section 8 contracts. - Oxford House also remains restricted to residents at 60% of area median income through the LIHTC program. - The deal protects a scarce housing option in a market with few high-quality affordable choices for seniors. - Ownership plans to fund building-system repairs, improve energy efficiency and support long-term resident comfort.

What happened: - The Community Development Trust, Inc. and joint-venture partner The BLVD Group acquired Oxford House and The Woods. - The transaction closed in the fourth quarter of 2026. - The two properties together total 213 units of senior affordable housing. - CDT provided limited-partner equity in the joint venture.

The details: - The properties are in Decatur and are located close to medical services and other neighborhood amenities. - On-site features include community rooms with kitchens, outdoor garden and seating areas, and laundry facilities. - The properties are near Decatur Memorial Hospital, the Decatur Family YMCA and other amenities. - CDT said the acquisition expands its equity footprint in Illinois. - The transaction advances CDT’s double-bottom-line strategy of preserving affordable housing while pursuing investor returns. - CDT described the deal as mission-focused capital intended to safeguard the properties’ physical condition and affordability. - The BLVD Group is the owner-operator on the deal.

Between the lines: - The purchase fits a broader push to keep aging affordable housing in service rather than let it deteriorate or convert to other uses. - Proximity to health care and neighborhood services matters more in senior housing than in many other property types. - Preserving existing units is often faster and cheaper than trying to replace them with new affordable construction. - The deal also broadens CDT’s Illinois presence, which can support future preservation work in the state.

What's next: - CDT and The BLVD Group will use upfront capital to address aging systems and improve long-term physical condition. - The properties are expected to remain affordable under their existing long-term subsidy structure. - The partnership will likely continue looking for similar preservation opportunities in underserved markets.

The bottom line: - CDT and The BLVD Group are betting that preserving existing senior housing is one of the fastest ways to protect affordability where demand is high and supply is thin.