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DuPage County preliminarily sets aside $2.4 million in HOME funds for 71‑unit Naperville senior/disability housing
Summary
DuPage County approved a preliminary $2,400,336 HOME set‑aside for a proposed 71‑unit affordable rental project in Naperville, with final commitment contingent on financing, environmental review and other underwriting conditions.
DuPage County’s Community Development Commission approved a preliminary set‑aside of $2,400,336 in HOME funds for Gorman & Company LLC’s proposed Tower Court Residence, a three‑story, 71‑unit affordable rental development proposed at the southeast corner of Highway 59 and Third Street in the Will County portion of Naperville.
Julie, a county staff member, described the action as “strictly a preliminary set aside” and said the county will return with a conditional commitment once several contingencies are satisfied. County staff presented an overview of the development: 71 income‑restricted units for low‑income seniors (age 62+) and individuals with intellectual or developmental disabilities; an on‑site services partnership with Ray Graham Association; and a mix of one‑, two‑ and three‑bedroom units. Total estimated project cost…
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