CONTRACTPENDING

Carefree Village receives $2.64M HOME Investment Funds

Disclosed value: $2,646,000.00; From meeting minutes
Document date: Jun 10, 2025
Term: 40-year term

What it covers

Cook County's Department of Planning and Development recommends a $2,646,000 investment in HOME Investment Partnership Program funds to support the construction of Carefree Village, a 55-unit affordable rental housing development for seniors in Oak Forest. The loan will bear interest at 0.50% for the first ten years, with additional interest from available cash flow thereafter.

Who holds it

Carefree Development holds this investment contract with Cook County. Its other public contracts on record include work for City of Oak Forest and Housing Authority Cook county.

What happens next

Term as filed: 40-year term.

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Contract details

Contract type: Investment
Amount: $2,646,000.00
Document date: June 10, 2025
Term: 40-year term
Vendor: Carefree Development
Agency: Cook County
Source document: cook-county-meeting-minutes-2025-06-10_dd4.pdf (Meeting Minutes)

Carefree Development's other public contracts

City of Oak Forest, IllinoisDesign Review Approved For Carefree Village Material Change · Jul 12, 2026Undisclosed Cook County, IllinoisCook County Considers $2.6M Senior Housing Investment · Jun 10, 2025$2.6M Cook County, IllinoisInvest to Carefree Development, LLC for Senior Housing · May 15, 2025$2.6M Housing Authority Cook county, IllinoisCarefree Development Receives Vouchers for Carefree Village · Apr 13, 2023Undisclosed Housing Authority of Cass county, North DakotaCarefree Development Gets Vouchers for Senior Housing · Apr 13, 2023Undisclosed All Carefree Development contractsVendor profile

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Questions about this contract

Who was awarded the investment contract by Cook County?

Carefree Development was awarded this investment contract by Cook County, as recorded on June 10, 2025. The contract value is $2,646,000.00.

How much is the Carefree Development contract with Cook County worth?

The Carefree Development contract with Cook County is valued at $2,646,000.00, covering investment work.

What type of contract is this?

This is a Investment contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in cook-county-meeting-minutes-2025-06-10_dd4.pdf (Meeting Minutes), dated June 10, 2025 from Cook County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Carefree Development hold?

Carefree Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Cook County currently buying?

Explore Cook County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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