Henry Bros. Co. (HBCo) has broken ground on Spruce Village in Palatine, Illinois. The 32,900-square-foot complex will provide 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,” said Tom O’Brien, vice president of project development for HBCo. “It’s an important development providing quality living spaces while serving the needs of folks with disabilities within the community.”
HBCo provided comprehensive pre-construction 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 December 5, 2019 and construction completion is anticipated in December 2020. Other recent notable LIHTC projects built, or under construction, by HBCo 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, Illinois.
