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25-4106
| 1 | | | Committee Minutes | COMMITTEE MINUTES
Approval of the minutes from the meeting of 09/16/2025. | | |
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25-2058
| 1 | | HOME ARPA South Suburban Women's Housing & Health Initiative | HOME Investment Partnerships Program | PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM
Department: Planning and Development
Other Part(ies): RYZE Properties-Homewood, LLC
Request: Cook County’s Department of Planning and Development requests approval of the investment of $3,000,000 in HOME Investment Partnership ARPA Program funds in the amount of $3,000,000 for an 18-month construction period and thirty-year permanent term with a 0% interest rate, defined payment of principal during the permanent period. The loan will be used to finance the acquisition and rehabilitation of a 30-unit multifamily residential building in the City of Chicago Heights, Illinois.
Total Development Cost: $4,566,233.00
Project Loan Amount: $3,000,000.00
Fiscal Impact: $3,000,000.00
Account(s): 11900.1013.54211.580171.0000
Summary: Cook County’s Department of Planning and Development staff recommends the investment of $3,000,000 in HOME Investment Partnership ARPA Program (HOME ARPA) in the amount of $3,000,000 for the 18-month construction period and thirty-year term with a 0% interest rate. The loan will be use | | |
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25-3752
| 1 | | HOME Investment Partnership Loan Broadview Community Flats | HOME Investment Partnerships Program | PROPOSED HOME INVESTMENT PARTNERSHIPS PROGRAM
Department: Planning and Development
Other Part(ies): Broadview Community Flats LLC
Request: Cook County’s Department of Planning and Development requests approval of the investment of $3,000,000 in HOME Investment Partnership Program funds to support the land acquisition and new construction of a 36-unit affordable multifamily residential development for individuals and families located at 1301 Roosevelt Road in the City of Broadview, Illinois, a near western suburb of the City of Chicago.
The loan terms will include a subordinate mortgage position, twelve-month construction period and thirty-year permanent period, 0% loan rate and defined interest payments over the permanent period.
Total Development Cost: $20,293,408.00
Project Loan Amount: $3,000,000.00
Fiscal Impact: $3,000,000.00
Account(s): 11900.1013.54325.580171.00000
Summary: Cook County’s Department of Planning and Development staff recommends the investment of $3,000,000 in HOME Investment Partnership Program (HOME) funds for the acquisition | | |
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