Evergreen Real Estate Receives $1.75M HOME Loan Recommendation for Senior Housing

Cook County is recommending approval of a $1,750,000 HOME Investment Partnership Program loan to Evergreen Real Estate Services LLC for the Leyden Apartments, an 80-unit affordable senior housing development in Franklin Park. The loan will support acquisition and construction with a subordinate construction term of 16 months and a 40-year permanent term.

Document date · July 22, 2024

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Scope & details

The full contract record, as filed.

Contract amount

$1,750,000.00

Contract type

FINANCIAL_SERVICES

Contract term

16-month construction loan, 40-year permanent loan

Renewal date

2065-07-22

Renewal

Loan remains subordinate during the permanent 40-year term. No details about options for renewal or extension.

Document type

Agenda

Source document

Cook County Workforce, Housing & Community Development Committee Agenda July 22, 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Cook County?

Evergreen Real Estate Services Llc was awarded this financial services contract by Cook County, as recorded on July 22, 2024. The contract value is $1,750,000.00.

How much is the Evergreen Real Estate Services Llc contract with Cook County worth?

The Evergreen Real Estate Services Llc contract with Cook County is valued at $1,750,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Cook County Workforce, Housing & Community Development Committee Agenda July 22, 2024 (Agenda), dated July 22, 2024 from Cook County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Evergreen Real Estate Services Llc hold?

Evergreen Real Estate Services Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Evergreen Real Estate Services Llc's profile

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