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DuPage County approves $1.75 million HOME commitment for 42-unit affordable rental project
Summary
The finance committee approved a $1.75 million HOME Investment Partnerships commitment to Taft and Exmor LP to build a 42-unit affordable rental development for families and people with disabilities. The motion carried unanimously at the Dec. 9 meeting.
The DuPage County Finance Committee voted Dec. 9 to commit $1,750,000 in HOME Investment Partnerships Act funds to Taft and Exmor LP to finance construction of a 42-unit affordable rental housing development aimed at families and persons with disabilities.
"I move on HSR 19 25 recommendation for the approval of a commitment to HOME Investment Partnerships Act funds ... in the amount of $1,750,000 for construction of a 42 unit affordable rental housing development for families and persons with disabilities," Member Schorzey said, and the committee approved the commitment by voice vote.
Committee members did not record extended debate on the measure during the meeting; staff presented the recommendation as part of a human services bundle of items. The funding was characterized in the motion as a HOME-act commitment specifically directed to Taft and Exmor LP, an Illinois limited partnership, to support construction of rental units.
The approval concludes the committee review; the motion was moved and seconded and carried, and staff will forward the item to the county board for any further required ratification as per county procedures.
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