NHPF Annual Report 2016

Acquisitions, Preservations, Rehabilitations, and New Construction

NEW CONSTRUCTION

Harvest Homes Apartments Chicago, Illinois

The revitalization of Chicago’s East Garfield Park community got a boost this year with the development of Harvest Homes. Structured as a joint venture between NHPF and the People’s Community Development Association of Chicago, Inc. (PCDAC), Harvest Homes Apartments is a new $12 million, 36-unit development project on Chicago’s West Side. Harvest Homes Apartments opened to 100% occupancy. The two-, three-, and four-bedroom units were built to offer the latest amenities and are close to public transportation. We are gratified to know that 36 families with annual household salaries ranging between $22,000 and $60,000 now have these new apartments to call home. Standing on what were once vacant rubble-strewn lots, Harvest Homes is the first new housing development built in East Garfield Park in the last 15 years. It is a project that would not have been possible without the partnership of Reverend Michael Eaddy, Pastor of People’s Church of the Harvest and PCDAC President. With Reverend Eaddy and PCDAC, we want to publicly recognize all who helped make Harvest Homes a reality—the City of Chicago Department of Planning and Development, the State of Illinois Department of Commerce and Economic Opportunity, J. P. Morgan Chase Bank, and the Chicago Community Loan Fund. We also want to recognize the support of Chicago Mayor Rahm Emmanuel, Alderman Jason C. Ervin (28th Ward), Congressman Danny K. Davis (D-IL 7th District), and the East Garfield Park community.

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1 Harvest Homes, ready for occupancy 2 Harvest Homes, construction phase

NHPF Fiscal Year 2016 Annual Report 3

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