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

5

Developmentof70unitsofaccessible,permanentlyaffordablehousinginforeclosedcondominiumbuildings

Challenges• Acquisitiontimeandclosingprocess• Condoboardassociationapprovals

Successes• Addedaccessibilityfeaturesinlobbiesand

commonareas,inadditiontounitmodifications• UniquehousingchoiceforColbertclass

members

IllinoisAccessibleHousingInitiativeTheCondoProject

6

Condominiumbuildingswithnewaccessibilityfeatures

7

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