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HODC partnered with Turnstone Development Corporation, a nonprofit affordable housing developer, to
acquire and preserve this existing affordable building. The property had an expired rental assistance contract
from HUD and was put on the market by the owner. The Village of Morton Grove supported
preserving the building as affordable senior housing and provided bond cap to finance the mortgage. HODC took over management upon acquisition in August 2003.
The building provides homes for 56 low-income senior citizen households, many of whom moved in
to the building when it was originally constructed in 1980. Since the building has project-based rental assistance, tenants pay just one-third of their income towards rent with the remainder covered by HUD. HODC provides flexible management services so that tenants can continue to live independently and with dignity.
Rehab included replacing the building's roof, kitchens and windows.
Additionally, the community room
was reconfigured to make it more spacious and the building manager's office moved adjacent to the lobby to improve visibility and safety.
An on-site Service Coordinator enhances lives by providing weekly
programming and monthly special events.
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Hyacinth Place was developed through a partnership with Brinshore
Development LLC, the Highland Park Illinois Community Land Trust, the
City of Highland and HODC. It consists of fourteen
architecturally-sensitive, sustainably-designed dwelling units including
ten 1,600 square foot townhomes with attached garages and four 1,200
square foot apartment flats. All units have 3 bedrooms and 2
bathrooms. The 10 homeownership units were sold at attainable prices
for low and moderate income households in Highland Park. Sales prices
were initially $149,000 to $219,000. The 4 rental units were targeted
to households whose income is less than 60% AMI. Preference is given to
Highland Park residents and employees including teachers, nurses, civil
servants, policemen, firemen, and retail employees. Financing came from
a mix of grants and soft financing to write down the cost to buyers.
Hyacinth Place is a model for affordable green housing. The development
includes geo-thermal heating and cooling systems, wind turbine energy
generation for common areas, permeable courtyard paving, Energy Star
appliances, renewable bamboo flooring, non-toxic paints and stains and
the use of native plants. |
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