NHPF AnnualReport 2017

New Construction

Harvest Homes Apartments

Garfield Park and close to the well known Garfield Park Conservatory, the complex is just north of the Eisenhower Expressway (Interstate 290), connecting residents with job centers in the western suburbs and Downtown Chicago. It is five miles from Chicago’s Loop, with excellent east/west and north/south bus service within two blocks. The Illinois Medical District, another important job generator, is just 2.5 miles east of Harvest Homes. A stop for the Chicago “L”s blue line that provides service to the Loop and O’Hare Airport is a about a 15 minute walk from Harvest Homes. Harvest Homes went through the City’s Planned Unit Development process as some of the buildings sit on lots that had been zoned for commercial use. As a redevelopment of sites that had once been fully developed, and later razed, the project involved extensive environmental remediation.

NHPF partnered with People’s Community Development Association of Chicago, Inc., a community-based not-for-profit organization, as co-general partners and co-developers on the construction of 36 new 100% affordable family units in Chicago’s East Garfield Park neighborhood. The $12M development was funded by a variety of both private and public sources, including the Low- Income Housing Tax Credit (LIHTC) program, the City of Chicago’s Department of Planning and Economic Development, the State of Illinois Department of Commerce and Economic Opportunity, J. P. Morgan Chase Bank, the Chicago Community Loan Fund, Enterprise Community Investments, Inc. and NHPF. The project is the largest new residential construction in the neighborhood in the last 15 years, and is comprised of four buildings, including two-, three-, and four-bedroom units. Located one-half block from

8 NHPF Fiscal Year 2017 Annual Report

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