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Hope Manor Village

Chicago, IL


Statistic
Jobs Created: 10
Jobs Year One: 43


Armed with a vision of reducing vacant lots, reactivating abandoned residential structures and taking on some high commercial vacancy, developer VOA Illinois created a grand plan to make a difference in one urban Chicago neighborhood. Hope Manor Village is comprised of 36 new scattered site infill homes built on 16 lots that VOA purchased from the city for $1 each. Residences are affordable to households earning 15-60 percent of Area Median Income and rental assistance with the Chicago Low?Income Housing Trust Fund MAUI Program provides subsidies for 10 units. Hope Manor Village replaces abandoned and foreclosed homes with high-quality affordable rental opportunities for Englewood residents and individuals and families (veteran preference). This development focuses on revitalizing both the infrastructure and aesthetics of the 10 surrounding blocks of Hope Manor II. Completed in 2021, 16 vacant lots are now home to 36 apartment units in a series of 2- and 3-flat buildings. Nine units are designed to support physically disabled and/or other special needs and will target the Veteran population. Residents have access to services including case management, counseling, peer support groups, financial literacy classes, health and wellness support, employment support and crisis intervention support.

This community was spearheaded by the Volunteers of America Illinois and Volunteers of America National Services. NEF invested just over $10 million of LIHTC equity into the development.

Hope Manor Village was the overall winner in Affordable Housing Finance’s annual Readers’ Choice Awards for the nation’s top developments of 2020 and 2021.



Project Details:

Completed:
2021
Population Served:
Family,Special Needs
Total Units:
36
Mix of Residences:
2 Bedroom (36)
Net Equity:
10.13M
Credit Type:
9%
Total Project Costs:
14.49M
Developer(s):
Volunteers of America of Illinois
Property Manager:
Volunteers of America of Illinois
Architect:
Worn Jerabek Wiltse Architects, P.C.
General Contractor:
Joseph J. Duffy Co.

View More Veterans Developments

Milwaukee Soldiers Home

Milwaukee Soldiers Home

Milwaukee, WI

Project Summary: Milwaukee Soldiers Home is the preservation of 101-unit apartments on the grounds of the Clement J. Zablocki VA Medical Center in Milwaukee. Eighty of the development’s homes are in Old Main, which was constructed in 1867 as a place of recuperation for Civil War soldiers as they transitioned back into society as part of one of the last pieces of legislation signed by President Lincoln. Today, six historic buildings on the Milwaukee Soldiers Home grounds, including a National Historic Landmark, have been rehabilitated and returned to their original purpose, the service of veterans. The development also serves families experiencing or at risk of experiencing homelessness.

Rents are affordable to households earning between 30-50 percent of Area Median Income (AMI) and all receive 30-year Project Based VASH (Veterans Affairs Supportive Housing) rental subsidy vouchers from the Housing Authority of the City of Milwaukee (HACM).

Milwaukee Soldiers Home is one of the first developments in the nation and the first in Wisconsin financed with a hybrid structure using 4% and 9% Low-Income Housing Tax Credits (LIHTC).

All residents of the Milwaukee Soldiers Home have access to a range of supportive services, provided on-site by the Milwaukee Veterans Affairs Medical Center HUDVASH program. Services include care coordination, job training and employment assistance, help with benefits coordination and peer-to-peer counseling.

The property’s extensive rehabilitation was spearheaded by The Alexander Company. NEF invested nearly $15 million of LIHTC equity into the development. 
Terwilliger Place (formerly Post West Nine)

Terwilliger Place (formerly Post West Nine)

Arlington, VA

Located only 1,500 feet from the Virginia Square-GMU Metrorail station, Lucille and Bruce Terwilliger Place is a 160-unit affordable rental community featuring a contemporary 6,000-square-foot ground floor space for American Legion Post 139. In response to an aging facility and diminishing membership, the members of the American Legion Post 139 selected developers Arlington Partnership for Affordable Housing (APAH) to redevelop their site in Virginia Square to create affordable apartments and a new, modern Post facility. The certified EarthCraft Gold building also includes community and multi-purpose spaces, a counseling office, and a business center. Terwilliger Place has a 50 percent veteran preference, and 26 units are deeply affordable to households earning 30 percent of the area median income (AMI).

As veterans continue to get priced out of Arlington, APAH saw a need to serve the individuals who had dedicated their lives to serving their nation. Now, in the heart of Arlington County, veterans can enjoy living in a community made for them. With nearby shops, access to transportation, community amenities, and supportive services, veterans can feel empowered to build and thrive in a new, safe, and stable home. This community serves as a replicable model for veterans services organizations in the middle of a town with a large veteran presence, which can influence potential developers and veterans services organizations alike.

Awards:  

  • 2023 Affordable Housing Finance Reader’s Choice Award Winner, Urban
  • Urban Land Institute Terwilliger Center Award for Innovation in Attainable Housing 2023 Winner 
  • 2023 CoStar Impact Award for Multifamily Development of the Year Winner 
Hilltop View

Hilltop View

Dexter, MI

Hilltop View Apartments (HTV) is a 24-unit affordable housing development in Dexter, Michigan, a rural community near Ann Arbor. Fifteen units are Permanent Supportive Housing (PSH) apartments with rental assistance, which means that tenants pay roughly 30 percent of their income towards rent. Of these 15, six are homes for veterans. The remaining units are workforce/moderate-income housing units with rents below Dexter fair market rates.

HTV was developed in collaboration with Faith in Action (FIA), a local faith-based non-profit. Avalon Housing developed and manages the property, and FIA provides support and community-building services available to all residents. More than half of HTV’s residents receive supportive services from FIA. To combat food insecurity in the community, HTV has provided space for a large permanent food pantry and community center to benefit residents and community members alike.

Hilltop View Apartments is a 2023 Charles L. Edson Award Winner in the Housing for Veterans category. NEF invested $7.6 million in LIHTC equity in this development. 
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