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DuPage HOME advisory group backs conditional commitments for two affordable housing projects totaling $4.15 million
Summary
The DuPage County HOME Advisory Group voted unanimously to recommend conditional commitments totaling $4,150,336 in HOME funds to two developers for affordable rental projects in Naperville and Glen Ellyn, while retaining final approval until risk analyses and legal documents are complete.
The DuPage County HOME Advisory Group voted unanimously to recommend conditional commitments of HOME (Home Investment Partnerships Program) funds for two new affordable rental projects — $2,400,336 for a 71-unit senior and disability project in Naperville and $1,750,000 for a 42-unit family and disability project in Glen Ellyn.
The recommendations are advisory to the DuPage County Board and are conditional: staff said final risk analyses and legal documents must be completed before the County Board ties county funds to either development.
Mary, a county staff member presenting the two items, described the advisory group's multi-step HOME approval process and why the group was asked to move…
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