CONSTRUCTIONRECOMMENDED

$1.5M Approved for South Boulevard Shores Affordable Housing

Cook County Planning and Development recommended approval to invest $1.5 million in HOME funds for South Boulevard Shores, LLC to acquire and construct a 60-unit affordable housing project in Evanston. The investment takes the form of a subordinate loan with a construction period and permanent loan terms.

Document date · May 14, 2024

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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

Scope & details

The full contract record, as filed.

Contract amount
$1,500,000
Contract type
CONSTRUCTION
Contract term
18-month construction term and 30-year permanent loan
Renewal date
2055-05-14
Renewal
Loan term of 18-month construction financing, then converts to 30-year permanent loan. Interest-only payments from surplus cash. No automatic renewal.
Document type
Minutes
Source document
Cook County Workforce, Housing & Community Development Committee Meeting Minutes May 14, 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Cook County?

South Boulevard Shores Llc was awarded this construction contract by Cook County, as recorded on May 14, 2024. The contract value is $1,500,000.

How much is the South Boulevard Shores Llc contract with Cook County worth?

The South Boulevard Shores Llc contract with Cook County is valued at $1,500,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Cook County Workforce, Housing & Community Development Committee Meeting Minutes May 14, 2024 (Minutes), dated May 14, 2024 from Cook County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does South Boulevard Shores Llc hold?

South Boulevard Shores 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.

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