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File #: 20-3380    Version: 1 Name: Over the Rainbow Association, Evanston, Illinois
Type: HOME Investment Partnerships Program Status: Approved
File created: 7/21/2020 In control: Board of Commissioners
On agenda: 7/30/2020 Final action: 7/30/2020
Title: PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM Department: Planning and Development Other Part(ies): Over the Rainbow Association, Evanston, Illinois Request: Respectfully, the Department of Planning and Development requests the approval of $695,000 in Home Investment Partnership Funds for the development of Mustacchi Manor in Matteson, Illinois Total Development Cost: $6,751,390.00 Project Loan Amount: $695,000.00 Fiscal Impact: None Account(s): 11900.1013.53740.580170 Summary: The subject loan will support the ground-up construction of Mustacchi Manor, a 16-unit Permanent Supportive Housing ("PSH") development in Matteson, IL, providing affordable rental housing units for physically and mentally challenged residents in Suburban Cook County.
Indexes: SUSAN CAMPBELL, Director, Department of Planning and Development

title

PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM

 

Department:  Planning and Development

 

Other Part(ies):  Over the Rainbow Association, Evanston, Illinois

 

Request:  Respectfully, the Department of Planning and Development requests the approval of $695,000 in Home Investment Partnership Funds for the development of Mustacchi Manor in Matteson, Illinois

 

Total Development Cost:  $6,751,390.00

 

Project Loan Amount:  $695,000.00

 

Fiscal Impact:  None

 

Account(s):  11900.1013.53740.580170

 

Summary: The subject loan will support the ground-up construction of Mustacchi Manor, a 16-unit Permanent Supportive Housing (“PSH”) development in Matteson, IL, providing affordable rental housing units for physically and mentally challenged residents in Suburban Cook County.

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