Illinois Housing Development Authority Board Meeting Minutes April 2026
IHDA okays $14.1M bonds for Sandwich Manor
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Description
IHDA authorized up to $14,100,000 in multifamily housing revenue bonds for the Sandwich Manor development, sponsored by Related Affordable, LLC and LR Development Company LLC. The bonds will fund acquisition, rehabilitation, and permanent financing of the project.
Contract Details
Contract Amount
Not to exceed $14,100,000
Vendor
RELATED AFFORDABLE LLC
Agency
Illinois Housing Development Authority, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 17, 2026
Renewal Info
Delegation resolution 2026-04-IHDA-060 permits issuance of Fannie Mae MBS-secured multifamily revenue bonds for Sandwich Manor; any refunding, restructuring, or extension will require subsequent Authority action.
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PENDINGIssuing Agency
Illinois Housing Development Authority
State Housing Authority
Chicago, IL
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