https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8024415&GUID=94D3C072-AC5C-4CFC-B299-F4932DA9C0B7Legistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8024415&GUID=94D3C072-AC5C-4CFC-B299-F4932DA9C0B794D3C072-AC5C-4CFC-B299-F4932DA9C0B7-2026-05-12-13-34-44Title: PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Beds Plus, Inc., LaGrange IL Request: Cook County’s Department of Planning and Development requests approval of the investment of $3,300,000 in HOME Investment Partnership ARPA Program to facilitate the initial acquisition of the land and subsequent construction of a new three-story residential Permanent Supportive Housing property with 25 Units for individuals with physical and mental difficulties. Acquisition is contemplated to be $1,250,000 with carry costs for a twelve-month period, Construction period is estimated for the following eighteen (18) months, with a permanent period of thirty years for operations. The initial period of Acquisition and Construction totaling 30 months will be at 0% interest followed by the thirty-year permanent term with a 0% interest rate, deferred payment of principal during the permanent period. Total Development Cost: $16,491,989.00 Project Loan Amount: $3,300,000.00 Fiscal Impact: $3,300,000.00 Account(s):Tue, 12 May 2026 13:34:44 GMT