<<<Back |1| |2| |3| Next>>> Sunset Woods opened for residents in August 2002. The development is home to low- and moderate-income individuals aged 62 years and older. In 1998, through a competitive bidding process, the City of Highland Park selected Intershore Housing Partners L.L.C.-a joint venture of HODC and two private developers-to develop the property with the Highland Park Housing Commission. The three-story concrete structure with brick and limestone exterior is comprised of 48 condominiums and 12 rental units. Common areas include a meeting room, library, central dining room, sitting areas, laundry rooms, and a medical screening room for case management services or other private service providers. Financing for Sunset Woods included a construction loan from Harris Bank and permanent funding from the Illinois Housing Development Authority Trust Fund, Lake County HOME funds and the Federal Home Loan Bank. The rehabilitation of Claridge Apartments was completed in February 2002, and the building opened for tenants March 1. Managed by HODC, Claridge provides affordable housing for 48 low-income individuals, most of whom work in Evanston. The building is located in Evanston's Lakefront Historic District. Improvements included the installation of an elevator and the construction of four handicap-accessible units. Principal funding contributors include the Illinois Housing Development Authority, The Richman Group Capital Corporation, Harris Bank of Wilmette, the City of Evanston's HOME program, Federal Home Loan Bank, Local Initiative Support Corporation, the U.S. Department of Housing and Urban Development, and the Illinois Department of Commerce and Community Affairs. In fall 2002, a local real estate investor who had heard of HODC through friends, contacted HODC about donating these buildings. In 2003, the investor transferred ownership of properties in Evanston located on Jackson and Dewey to HODC, making them our fastest acquisitions to date. In return the donor received a State of Illinois income tax credit in addition to a federal tax deduction.  HODC rehabilitated the buildings and moved-in large families with children.   The apartments have three-bedroom units with large kitchens, living rooms and dining areas. The hardwood floors and crown molding give the units a warm feeling.  In 2004 two more properties were donated including a vacant lot. The WINGS building opened August 2003. HODC provided development consulting for the nonprofit organization WINGS Program, Inc. to purchase and rehab this building. WINGS Program, Inc. is a nonprofit social service organization that provides housing and services for women and children in need. When WINGS purchased the building in 2002, it was in terrible condition. The previous owners did not maintain the building and a fire destroyed the inside of one apartment. The units now have newly remodeled kitchens and bathrooms, as well as new windows and furnaces. New flowerbeds in front of the building and a cheerful color scheme throughout the building complete the transformation. After a long purchasing process that began in May 2000, the building opened for tenants in July 2003. Its location is ideal for mothers with school-aged children as it is located just blocks from both elementary and junior high schools, as well as from the downtown shopping area. <<<Back |1| |2| |3| Next>>>

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