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HRA votes to pay half for updated senior‑housing market study
Summary
The Cook County HRA approved a $7,250 contribution toward a $14,500 WIPFLI market analysis update to refresh decade‑old data for senior living demand and to improve the county’s readiness for developer RFPs.
The Cook County Housing and Redevelopment Authority on Nov. 19 approved a resolution to pay half the cost of an updated market analysis of senior housing demand.
Jeff, HRA staff, told commissioners the WIPFLI study would cost $14,500 and noted the authority’s prior market work is more than 10 years old. "They gave us a 5 page response letter ... It was at the time $14,500," Jeff said, adding he’d prepared a resolution for the HRA to fund $7,250 — "which is half of the total cost" — with the plan to seek partnership with the county EDA.
Commissioners debated the value of an outside study. One commissioner, identified in the transcript as an unnamed board member, argued the price was too high for data the county could obtain locally: "it just seems really expensive for what's basically publicly available data that's not very accurate when it comes to Cook County," the commissioner said, urging the board to spend funds on direct housing subsidies instead.
Supporters countered that third‑party market analyses are often required by developers and lenders and can broaden the pool of potential bidders on future RFPs. Jeff said an updated report would "put everything into a report" useful to outside developers and help craft an RFP that attracts bidders.
A motion to approve Resolution 2,520 was made and seconded and carried without a formal roll‑call tally recorded in the transcript. The resolution commits the HRA to a $7,250 contribution toward the study; staff will discuss cost‑sharing with the Economic Development Authority at a future meeting.
Next steps: staff will present the proposal to the EDA and return with any commitments or amended cost shares; no further formal board action on the study was recorded at the Nov. 19 meeting.
