Henry Bros. Co. says it has broken ground in Palatine on Spruce Village in Palatine, a 32,900 sq. ft. complex providing supportive affordable housing to adults with physical and mental disabilities.
The three-story, wood frame structure will feature 33 one-bedroom and 11 two-bedroom units on a one-acre site. The building will have a camera surveillance system, intercom access for guests, a community room, laundry facilities, and an on-site professional staff that will include a residential manager and property manager who will be available 24/7. Social service case managers will be available for residents as well.
“We know this market well and we are honored to have been selected as the builder,” Tom O’Brien, vice-president of project development for Henry Bros. Co., said in a statement. “It’s an important development providing quality living spaces while serving the needs of folks with disabilities within the community.”
HBCo provided comprehensive preconstruction services and support over a two-year period for the $8.2 million development while the Techny, Illinois-based owner/developer, the Housing Opportunity Development Corporation, secured funding and municipal approvals. Funding was provided by IHDA, FHLB of Chicago, the Housing Authority of Cook County, National Equity Fund, and Village Bank & Trust. The architect for Spruce Village is Cordogan Clark & Associates.
The project broke ground on Dec. 5 and construction completion is anticipated in December 2020.
Other recent notable Low Income Housing Tax Credit (LIHTC) projects built, or under construction, by the Hickory Hills-based contractor include Midway Pointe and Cicero Senior Lofts in Chicago, Senior Suites of Bellwood Residence in Bellwood, Illinois, and Forest Oaks Senior Apartments in Forest Park.