Rosemont, Ill. CSH staff, along with several local officials and financing partners, joined together this week to celebrate the groundbreaking for PhilHaven, a new 50-unit affordable and supportive housing development located in Wheeling, Illinois.
Under development by a partnership formed by Daveri Development Group LLC and Kenneth Young Center, the three-story building will comprise 57,174-square-feet of living space.
The first floor will feature the property’s on-site management offices and a variety of community spaces such as a lounge with an adjacent kitchen, technology center, exercise room, reading nook and a bike storage room.
In all, the building will consist of private apartments configured in one-, two- and three-bedroom layouts and complete with contemporary fixtures and finishes.
Green building strategies will also be incorporated throughout the development by including Enterprise Green Communities Criteria as well as energy-efficient HVAC systems.
Financing for PhilHaven was provided by the Illinois Housing Development Authority, National Equity Fund Inc., Village Bank & Trust, Wintrust Financial, Cook County, Federal Home Loan Bank of Chicago, the Illinois Department of Commerce & Economic Opportunity and Corporation for Supportive Housing (CSH).
CSH provided a $1,950,000 acquisition and predevelopment loan for PhilHaven. Proceeds from these monies were used to fund acquisition of the project site and predevelopment costs related to the new construction.
Residents will benefit from supportive services, including access to behavioral and mental health counseling and programs, provided by Kenneth Young Center and Alexian Brothers.