Board of Commissioners of Cook County - Meeting of Workforce, Housing & Community Development Committee on 7/22/2024 at 2:10 PM

24-4122

Tue, 13 Aug 2024 19:24:34 GMT

File #: 24-4122
Ver.: 1
Agenda #:
Type: Committee Minutes
Title: COMMITTEE MINUTES Approval of the minutes from the meeting of 06/12/2024.
Action: approve
Result: Pass

24-3370

Tue, 13 Aug 2024 19:24:34 GMT

File #: 24-3370
Ver.: 1
Agenda #:
Type: HOME Investment Partnerships Program
Title: PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Evergreen Real Estate Services LLC Request: Cook County’s Department of Planning and Development requests approval of the investment of $1,750,000 HOME Investment Partnership Program funds to support the new construction of Leyden Apartments, an 80-unit affordable senior housing development to be located at 2450 & 2506-2516 N. Mannheim Road in Franklin Park. Total Development Cost: $39,132,240.00 Project Loan Amount: $1,750,000.00 Fiscal Impact: $1,750,000.00 Account(s): 11900.1013.53638.580170.00000 Summary: Cook County’s Department of Planning and Development staff recommends the investment of $1,750,000 in HOME Investment Partnership Program (HOME) funds for the acquisition and construction of Leyden Apartments (the Project), a new 80-unit affordable rental housing development for seniors located in west suburban Franklin Park. The County’s HOME loan will be in a subordinate position during the construction term (estimated 16-months) and remain subor
Action: recommend for approval
Result: Pass

24-2891

Tue, 09 Sep 2025 19:17:59 GMT

File #: 24-2891
Ver.: 1
Agenda #:
Type: HOME Investment Partnerships Program
Title: PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Turnstone Hillside Senior Apartments LP Request: Cook County’s Department of Planning and Development requests approval of the investment of $2,500,000 HOME Investment Partnership Program funds to support the new construction of Hillside Senior Apartments, a 42-unit affordable senior housing development to be located at 5207 Ridge Avenue in Hillside. Total Development Cost: $18,691,337.00 Project Loan Amount: $2,500,000.00 Fiscal Impact: $2,500,000.00 Account(s): 11900.1013.53638.580170 Summary: Cook County’s Department of Planning and Development staff recommends the investment of $2,500,000 in HOME Investment Partnership Program (HOME) funds for the acquisition and construction of Hillside Seniors Apartments, a new affordable rental housing development for seniors located in west suburban Hillside. The County’s HOME loan will be in a subordinate second position during the construction term (estimated 24-month) springing to a first position permanent lo
Action: recommend for approval
Result: Pass