A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25...
Transcript of A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25...
AProgramofIFF,theMidwest’sLeadingCommunityDevelopmentFinancialInstitution(CDFI)
InpartnershipwithAccessLiving,IFFlaunchedHomeFirstto:
InpartnershipwithAccessLiving,IFFlaunchedHomeFirstto:
• Developandownaffordable,integrated,accessiblehousingforpeoplewithalltypesofdisabilities
• Drivecreationofnewmodelsofaccessiblehousingdevelopment
• Showtheeconomicbenefitofcommunityhousingoptionsoverinstitutionalsettings
HomeFirstMission&Goals
Mission• Createcommunityintegratedaffordablehousingchoiceforpeoplewithdisabilities
Implementation
• Developaccessiblehousingininnovativemodels
• Projectsarelowdensityscatteredsite
• Newconstructiononinfillparcels,rehabilitationofforeclosedbuildingsandcondominiums,
FundingSources
• LIHTCs,DonationCredits,GrantFunds,MortgageLoans,FoundationFunds,RentalAssistance
HomeFirstMission&Goals
SmallProjects,BigImpact
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Developmentof70unitsofaccessible,permanentlyaffordablehousinginforeclosedcondominiumbuildings
Challenges• Acquisitiontimeandclosingprocess• Condoboardassociationapprovals
Successes• Addedaccessibilityfeaturesinlobbiesand
commonareas,inadditiontounitmodifications• UniquehousingchoiceforColbertclass
members
IllinoisAccessibleHousingInitiativeTheCondoProject
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Condominiumbuildingswithnewaccessibilityfeatures
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Developmentof16fullyaccessiblenewconstructionduplexunitsonvacantland
Challenges• Siteconditions• Rentalassistancecontractdelays
Successes• Provideduniquehousingoptionsina
communitywithlittleaccessibility• Supporttargetedredevelopmentplans
AccessPeoriaPeoria,IL
Fullyaccessiblenewconstructionduplexunits
AccessHousingLoganSquare
Developmentof54unitsofsupportivehousinginChicago’sLoganSquare
Challenges• FirstHomeFirstprojectwithLIHTC• Fullrehabilitationofforeclosedpropertiesand
newconstructiononinfilllots• 25sites,15monthconstructionperiod
Successes• Unitsleasedbypeoplewithalltypesof
disabilities• Allunitscontainuniversaldesignfeatures• 25%ofunitsfullywheelchairaccessible
54unitsofaffordablerentalhousingforpeoplewithdisabilities.
NewconstructionFullyrenovatedPropertymanagementoffice
LocationMap
Newconstructiononinfilllots
Viewofkitcheninfullyaccessibleunit
• Scatteredsiteprojectsrequireextraacquisitiontime
• Intensecompetitionforfunding,resources,rentalassistance
• Constructionscopesareincrediblydetailed.Needcommittedteamstokeepbudgetsanddeliverablesontrack
• Ongoingassetmanagement
• Currentandlong‐termfundingforservices
HomeFirstChallenges