HOME INVESTMENT PARTNERSHIPS AGREEMENT HM16-01 AND RELATED MORTGAGE, PAYMENT NOTE AND REGULATORY AND LAND USE RESTRICTION AGREEMENT ASSIGNMENT AND ASSUMPTIONS BY LITTLE FRIENDS, INC.
WHEREAS, the Illinois General Assembly has granted COUNTY authority to make all contracts and do all other acts in relation to the property and concerns of the county necessary to the exercise of its corporate powers (Illinois Compiled Statutes, Chapter 55, paragraphs 5/5-1005), and to enter into agreements for the purposes of receiving funds from the United States government under the “Housing and Community Development Act of 1974”, the National Affordable Housing Act of 1990, and the Housing and Community Development Act of 1992, and COUNTY may disburse those funds and other county funds for community development and other housing program activities (Illinois Complied Statutes, Chapter 55, paragraph 5/5-1093); and
WHEREAS, the COUNTY has applied for HOME Investment Partnerships Act (“HOME”) funds from the United States Department of Housing and Urban Development (“HUD”) as provided by the Cranston-Gonzalez National Affordable Housing Act, as amended (Title II, Pub. L. 101-625) (“ACT”) and continues to be a participating jurisdiction in the HOME program; and
WHEREAS, the subject property is located at 1141 Iroquois Avenue, Naperville, IL 60563, and is also known as Katharine Manor Apartments; and
WHEREAS, ILLINOIS INDEPENDENT LIVING CENTER, an Illinois not-for-profit corporation submitted an application to the COUNTY and was selected as a DEVELOPER to receive a portion of the COUNTY’S HOME funds; and
WHEREAS, the COUNTY entered into a HOME Investment Partnerships (HOME) Program Agreement, known as HM16-01, with ILLINOIS INDEPENDENT LIVING CENTER, an Illinois not-for-profit corporation, on 09/27/2016 for acquisition and rehabilitation of two condominium units, Unit #111 and Unit #216, within the building located at 1141 Iroquois Avenue, Naperville, IL 60563; and
WHEREAS, project number HM16-01 provided HOME funds totaling $212,640.00 in the form of a forgivable loan to ILLINOIS INDEPENDENT LIVING CENTER (IILC), an Illinois not-for-profit corporation, the Original Borrower; and
WHEREAS, IILC has merged with LITTLE FRIENDS INC., an Illinois not-for-profit corporation; and
WHEREAS, LITTLE FRIENDS INC. wishes to assume responsibility of the HOME Investment Partnerships Agreement HM16-01, Forgivable Payment Notes, Forgivable Mortgages, and the Regulatory and Land Use Restriction Agreement; and
WHEREAS, LITTLE FRIENDS INC. has agreed, and will be obligated to ensure that Unit #111 and Unit #216, within the building located at 1141 Iroquois Avenue, Naperville, IL 60563, remains as affordable housing by assuming the terms, conditions and affordability period of the development until at least April 17, 2033, as required by County project number HM16-01; and
WHEREAS, LITTLE FRIENDS INC. has agreed to maintain the property in accordance with effective property standards through at least April 17, 2033; and
WHEREAS, LITTLE FRIENDS INC. has agreed to assume the COUNTY’S AGREEMENT associated with project number HM16-01; and
WHEREAS, LITTLE FRIENDS INC. has agreed to assume the MORTGAGES associated with project number HM16-01; and
WHEREAS, LITTLE FRIENDS INC. has agreed to assume the PAYMENT NOTES associated with project number HM16-01; and
WHEREAS, LITTLE FRIENDS INC. has agreed to assume the REGULATORY AND LAND USE RESTRICTION AGREEMENT associated with project number HM16-01; and
WHERAS, this assignment and assumption was approved by the HOME Advisory Group on February 3, 2026; and
WHEREAS, this assignment and assumption was approved by the Human Services Committee on February 17, 2026.
BE IT RESOLVED, that the Director of Community Services, is authorized and directed to execute additional documents that may be required to complete the transaction on behalf of DuPage County; and
BE IT FURTHER RESOLVED, that the Chair of the DuPage County Board,
or their designee, is authorized and directed to execute documents required to complete the transaction on behalf of DuPage County and the Clerk is hereby authorized and directed to attest to such execution and affix the official seal thereto; and
Enacted and approved this 24th day of February, 2026 at Wheaton, Illinois.
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DEBORAH A. CONROY, CHAIR
DU PAGE COUNTY BOARD
Attest: ___________________________________
JEAN KACZMAREK, COUNTY CLERK