Legislation Details

File #: 25-1633    Version: 1
Type: Action Item Status: Adopted
File created: 6/24/2025 In control: Home Advisory Group
On agenda: 7/1/2025 Final action: 7/1/2025
Title: Request to waive the Funding-HOME Applications, Risk Analysis and Monitoring/Financial Viability of HOME Funded Projects Policy, Section 5. and recommendation of a Conditional Commitment of $2,400,336 of HOME Investment Partnerships (HOME) Program funds between DuPage County and Gorman & Company, LLC – Tower Court Residences – for new construction of 71 units of affordable rental housing development in Naperville, Illinois, for seniors and persons with disabilities.
Attachments: 1. HAG Memo-Cond Com-Gorman Tower.pdf, 2. HOME Underwriting Memo Gorman Tower Ct v3.pdf, 3. Tower Court Residences-HOME Application Underwriting Template Rev 06.23.2025-Complete-Signed 06.24.2025-R.pdf