https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7378148&GUID=35381D28-6325-44C7-AFF1-366DB1F0DB9ELegistar15https://cook-county.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7378148&GUID=35381D28-6325-44C7-AFF1-366DB1F0DB9E35381D28-6325-44C7-AFF1-366DB1F0DB9E-2025-06-16-20-47-49Title: PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Carefree Development, LLC Request: Cook County’s Department of Planning and Development requests approval of the investment of $2,646,000 HOME Investment Partnership Program funds to support the new construction of Carefree Village, a fifty-five (55) unit affordable senior housing development to be located at the intersections of South Cicero Avenue and 151st Street in Oak Forest, Illinois. Total Development Cost: $25,884,886.00 Project Loan Amount: $2,646,000.00 Fiscal Impact: $2,646,000.00 Account(s): 11900.1013.54153.580171.00000 Summary: Cook County’s Department of Planning and Development recommends the investment of $2,646,000.00 in HOME Investment Partnership Program (HOME) funds for the acquisition and construction of Carefree Village (the Project), a new 55- unit affordable rental housing development for seniors located in south suburban Oak Forest. The County’s HOME loan will be in a subordinate position during the construction term (estimatMon, 16 Jun 2025 20:47:49 GMT