Board of Commissioners of Cook County - Meeting of Workforce, Housing & Community Development Committee on 6/12/2024 at 11:05 AM

24-3441

Fri, 21 Jun 2024 21:13:35 GMT

File #: 24-3441
Ver.: 1
Agenda #:
Type: Committee Minutes
Title: COMMITTEE MINUTES Approval of the minutes from the meeting of 5/14/2024
Action: approve
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 deferral
Result: Pass

24-2910

Wed, 04 Jun 2025 00:57:47 GMT

File #: 24-2910
Ver.: 1
Agenda #:
Type: Report
Title: PROPOSED COMMUNITY DEVELOPMENT BLOCK GRANT CARES ACT (CDBG-CV) Department: Planning and Development Other Part(ies): BEDS Plus Care, Inc. (or its single-purpose entity, Cicero Avenue Transitional Shelter LLC) Request: CDBG-CV Program Project Loan Total Development Cost: $6,175,000.00 Project Loan Amount: $2,800,000.00 Fiscal Impact: None Account(s): 11900.1013.54026.580170 Summary: Cook County’s Department of Planning and Development staff respectfully submits the recommended investment of $2,800,000 of Community Development Block Grant CARES Act (CDBG-CV) funds to BEDS Plus Care, Inc. (or its wholly-owned, single purpose entity, Cicero Avenue Transitional Shelter, LLC) for the acquisition of the Aloha Motel, an existing hotel located in Chicago directly adjacent to southwest suburban Burbank. The loan will have a thirty-year term, carry no interest, and will be fully forgivable at maturity. The Aloha Motel is currently being leased by BEDS Plus Care, Inc. (BEDS) and operates as a fixed-site shelter for the homeless. CDBG-CV loan funds will be used
Action: approve
Result: Pass