HOPE MANOR APARTMENTS
Hope Manor Apartments on the west side of Chicago provides social services, community space and 50 permanent residences to homeless veterans. The development is sponsored by Volunteers of America (VOA) of Illinois, a subsidiary of Volunteers of America National Services.
The development design includes a large amount of space for both community activities and the administration of social services. VOA of Illinois occupies nearly 3,000 square feet of office space on the ground ﬂoor from which their team provides services such as case management, support groups, a food pantry, financial literacy classes, employment assistance, and computer training. Amenities for tenants include a ﬁtness room, lounge areas, laundry rooms on each ﬂoor, activities room, conference room, bike storage, and a rooftop deck.
The four-story building offers 30 studio, 10 two-and 10 three-bedroom residences with the two- and three-bedroom apartments rented to unrelated roommates, a practice that has proved effective in special needs housing for veterans. Each apartment is fully furnished. Half of the homes are affordable to tenants earning at or below 60 percent of Area Median Income (AMI), 20 are affordable to those earning at or below 50 percent of AMI, and the remaining ﬁve are affordable to those earning at or below 30 percent of AMI.
National Equity Fund (NEF) invested $8.8 million of Housing Credit equity to make this property possible. Photos and property details compliments of NEF.
Learn more about how the Housing Credit serves veterans here.