If you are reviewing this page for publication purposes please refer to our Press Releases on these new developments (Here).
Clara's Village, Coppin House, Sankofa House:
Interfaith Housing Development Corporation of Chicago is developing 164 units of brand new permanent supportive housing for extremely low-income special needs populations with three local partners in three different neighborhoods of Chicago (Washington Park, West Englewood, and North Lawndale). Two of the developments (Coppin House and Sankofa House) are intergenerational developments that address the need for affordable housing for two populations with increasing rates of homelessness -- young adults ages 18 to 21 aging out of Foster care and kinship families (extended families raising related children). The young adults in these two buildings will be aging out of the Illinois Department of Children and Family Services (DCFS) system. The third building will serve 52 families who are formerly homeless disabled with various special needs or simply extremely low-income.
In all three of these rental developments, case management services will be available on-site with a whole host of supportive services available through linkage agreements off site in the community. The vast majority of the 164 units will receive a project-based rental subsidies.
IHDCC is funding these developments through the use of City of Chicago municipal housing bonds that are tied to noncompetitive 4% low-income housing tax credits. Bonds and 4% credits will cover approximately 60% of the total development cost. The remaining 40% of the development cost are covered by a combination of grants and no interest mortgages from the Illinois Housing Development Authority, the Chicago Department of Housing, the Illinois Department of Commerce and Economic Opportunity and the Federal Home Loan Bank of Chicago. The National Equity Fund will provide the tax credit equity for these deals. The total development cost for these three deals is over $47 million.
Clara's Village (see construction site progress photos)
West Englewood, Five Scattered Site buildings
(4 six-flats, 1 28-unit mid-rise building all within a half-mile radius)
28 formerly homeless families (1, 2, and 3 bedrooms)
24 very low-income working poor families (3 bedrooms)
Coppin House (see construction site progress photos)
Washington Park, Two contiguous 27-unit mid-rise buildings (54 units total)
34 young adult units (1 and 2 bedrooms)
20 Kinship-family units (3 and 4 bedrooms)
Sankofa House (see construction site progress photos)
North Lawndale, One 58-unit mid-rise building
46 young adult units (1 and 2 bedrooms)
12 grand-family units (3 and 4 bedrooms)
Architectural rendering of Coppin House courtesy of Weese Langley Weese:
