a program of iff, the midwest’s leading community ... · new construction on infill lots • 25...

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A Program of IFF, the Midwest’s Leading Community Development Financial Institution (CDFI)

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Page 1: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

AProgramofIFF,theMidwest’sLeadingCommunityDevelopmentFinancialInstitution(CDFI)

Page 2: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

InpartnershipwithAccessLiving,IFFlaunchedHomeFirstto:

InpartnershipwithAccessLiving,IFFlaunchedHomeFirstto:

• Developandownaffordable,integrated,accessiblehousingforpeoplewithalltypesofdisabilities

• Drivecreationofnewmodelsofaccessiblehousingdevelopment

• Showtheeconomicbenefitofcommunityhousingoptionsoverinstitutionalsettings

HomeFirstMission&Goals

Page 3: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

Mission• Createcommunityintegratedaffordablehousingchoiceforpeoplewithdisabilities

Implementation

• Developaccessiblehousingininnovativemodels

• Projectsarelowdensityscatteredsite

• Newconstructiononinfillparcels,rehabilitationofforeclosedbuildingsandcondominiums,

FundingSources

• LIHTCs,DonationCredits,GrantFunds,MortgageLoans,FoundationFunds,RentalAssistance

HomeFirstMission&Goals

Page 4: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

SmallProjects,BigImpact

Page 5: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

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Developmentof70unitsofaccessible,permanentlyaffordablehousinginforeclosedcondominiumbuildings

Challenges• Acquisitiontimeandclosingprocess• Condoboardassociationapprovals

Successes• Addedaccessibilityfeaturesinlobbiesand

commonareas,inadditiontounitmodifications• UniquehousingchoiceforColbertclass

members

IllinoisAccessibleHousingInitiativeTheCondoProject

Page 6: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

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Condominiumbuildingswithnewaccessibilityfeatures

Page 7: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

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Developmentof16fullyaccessiblenewconstructionduplexunitsonvacantland

Challenges• Siteconditions• Rentalassistancecontractdelays

Successes• Provideduniquehousingoptionsina

communitywithlittleaccessibility• Supporttargetedredevelopmentplans

AccessPeoriaPeoria,IL

Page 8: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

Fullyaccessiblenewconstructionduplexunits

Page 9: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

AccessHousingLoganSquare

Developmentof54unitsofsupportivehousinginChicago’sLoganSquare

Challenges• FirstHomeFirstprojectwithLIHTC• Fullrehabilitationofforeclosedpropertiesand

newconstructiononinfilllots• 25sites,15monthconstructionperiod

Successes• Unitsleasedbypeoplewithalltypesof

disabilities• Allunitscontainuniversaldesignfeatures• 25%ofunitsfullywheelchairaccessible

Page 10: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

54unitsofaffordablerentalhousingforpeoplewithdisabilities.

NewconstructionFullyrenovatedPropertymanagementoffice

LocationMap

Page 11: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

Newconstructiononinfilllots

Page 12: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

Viewofkitcheninfullyaccessibleunit

Page 13: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all

• Scatteredsiteprojectsrequireextraacquisitiontime

• Intensecompetitionforfunding,resources,rentalassistance

• Constructionscopesareincrediblydetailed.Needcommittedteamstokeepbudgetsanddeliverablesontrack

• Ongoingassetmanagement

• Currentandlong‐termfundingforservices

HomeFirstChallenges

Page 14: A Program of IFF, the Midwest’s Leading Community ... · new construction on infill lots • 25 sites, 15 month construction period Successes • Units leased by people with all