With the support of Cook County Board President Toni Preckwinkle, the Cook County Board of Commissioners approved a $3.9 million HOME Investment Partnership Loan to South Suburban PADS to support the development of a new 77-unit construction rental housing project in Country Club Hills.
President Preckwinkle, who met with community leaders in the south suburbs last week, said she was pleased by the Board’s action, and expects it to make a significant impact going forward.
“In difficult economic times for individuals and families across Cook County, this funding will help provide shelter for those who have been hit the hardest,” President Preckwinkle said. “I anticipate that this funding will help ease the pain of the foreclosure crisis in our south suburban communities and help reduce homelessness going forward.”
President Preckwinkle also highlighted the more than $2 million that the County has awarded to the south and southwest suburbs in Community Development Block Grant (CDBG) funding, Emergency Shelter Grant (ESG) funding, and additional funding from the Neighborhood Stabilization Program.
The County awarded $1.6 million in NSP funding to the City of Chicago Heights for the construction of nine single-family homes, more than $300,000 in CDBG funding to the south suburban area for housing counseling and homeless prevention services, and roughly $142,000 in ESG funding to organizations that provide basic shelter and support services to homeless persons.