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FINANCIAL_SERVICESAPPROVED

Illinois Housing Development Authority Board Meeting Minutes April 2026

Co-sponsor LR Development in Sandwich Manor bonds

Not to exceed $14,100,000Illinois Housing Development AuthorityLR DEVELOPMENT COMPANY LLCApril 17, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

LR Development Company LLC, as co-sponsor, received IHDA approval for up to $14,100,000 in multifamily housing revenue bonds to finance the Sandwich Manor project. The bonds will provide funds for acquisition, rehabilitation, and long-term financing.

Contract Details

Contract Amount

Not to exceed $14,100,000

Vendor

LR DEVELOPMENT COMPANY LLC

Agency

Illinois Housing Development Authority, IL

Contract Type

FINANCIAL_SERVICES

Document Date

April 17, 2026

Renewal Info

Same delegation resolution 2026-04-IHDA-060 governs LR Development Company LLC's co-sponsorship; any modifications or renewals of the bond financing would need future board approval.

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