Hope Manor Apartments

Chicago, IL

Download PDF →

Veterans Housing

Hope Manor Apartments is a new construction building on the west side of Chicago that provides social services, community space and 50 permanent residences to homeless veterans. Half of the units are affordable to households earning 60 percent of Area Median Income, 20 to those earning 50 percent and the remaining five to those at 30 percent.

The project is sponsored by VOA of Illinois, a subsidiary of Volunteers of America National Services. The four-story building offers 30 studio, 10 two-and 10 three-bedroom residences with the two- and three-bedroom apartments rented to unrelated roommates, a practice that has proved effective in special needs housing for veterans. Each apartment is fully furnished.

The development is designed with a large amount of space for both community activities and the administration of social services. VOA of Illinois occupies nearly 3,000 square feet of office space on the ground floor from which their team will provide services such as case management, support groups, a food pantry, financial literacy classes, employment assistance and computer training. Amenities for tenants include a fitness room, lounge areas, laundry rooms on each floor, activities room, conference room, bike storage and a rooftop deck.

National Equity Fund contributed $8.8 million toward the $14.7 million project through the syndication of low-income housing tax credits.

Project Details

Completed
2011
Location
3045 W. Franklin Boulevard Chicago IL
Project Type
Veterans Housing
Total Units
50
Mix of residences
30 studio; 10 2-BR; 10 3-BR
LTD partnership
West Side Veterans Housing, LP
Tax Credit Equity
$8.8 million
Total Project Costs
$14.7 million
Sponsor
Volunteers of America Illinois
Permanent Lenders
Illinois Housing Development Authority

City of Chicago Department of Housing

Volunteers of America Illinois