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A Safe Place II

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A Safe Place II

Non-Profit Organization

A Safe Place II

DEVELOPER INFO:

A Safe Place is the sole provider of services exclusively addressing domestic violence in Lake County, Illinois. Through multi-faceted programs, A Safe Place assists victims in transforming their lives after domestic violence, prevents future abuse by addressing its root cause through abuser intervention programs, and educates the community about domestic violence and how we can all be involved in its end.

PROJECT INFO:
A Safe Place II is A Safe Place’s permanent supportive housing project creating 20 new construction rental units for survivors of domestic violence and their children, with on-site social services. The project was developed as an addition to the existing 20-unit transitional facility developed by A Safe Place in 2006. The transitional living facility contains twenty apartments, with administrative offices on the first floor for agency staff, as well as rooms for counseling, group activities, and several rooms dedicated to children’s programs. A Safe Place II shares access to these facilities and created additional first-floor common spaces and outdoor recreation space. The development includes one, two and three-bedroom units. Each unit is fully furnished and has its own kitchen equipped with a refrigerator, stove, microwave, dishwasher and in-unit washer and dryer. A Safe Place’s targeted tenant population includes singles and families who are homeless or at risk of homelessness, with a preference given to survivors of domestic violence. Two units are targeted to families at 30% AMI, two units are at 50% and the rest of the units are for families at 60% of AMI and below. Project Based Housing Choice Vouchers are supplied for all units by the Lake County Housing Authority.

project details

  • Project Site: A Safe Place II
  • Developer: A Safe Place
  • Project Address: Zion, IL
  • Number of Units: 20
  • Property Type: Family Housing, Supportive Housing
  • Closed: December 2010

 

Project Funding Sources: 

  • 9% LIHTC Equity
  • HOME/CDBG
  • State Low-Interest Loan (FAF)
  • FHLB AHP
  • Contributions/Grants
  • Pre-Development Loan
  • Project Based Vouchers
  • Construction Loan

 

Unique Project Elements: 

  • Lightengale Group helped A Safe Place weather the Great Recession and bring the deal to closing. Lightengale Group helped broker a partnership with Brinshore Development and was instrumental in restructuring the deal with ARRA funding.

 

Lightengale’s Role:

  • Strategy
    • Development Team Assembly
    • LIHTC Application
    • Project Based Vouchers/RAD
    • Project Budget
  • Financing Execution
    • Pre-Development Loan Coordination
    • Project Debt & Equity Coordination
    • Other Credits/Loan Funds
  • Due Diligence Coordination
    • General Contractor & Architect Coordination
    • Property Mgmt Documents
    • Insurance Coordination
    • Closing Owner Sworn Statement
  • Post Closing Services
    • LIHTC - Carryover/10% Test

 

Photo Credit:  A Safe Place II

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CREATIVE APPROACH.
PROVEN RESULTS.


three
Words from our Partners:

Lightengale (LGG) began serving affordable housing developers in 1999. Over the next 23 years, LGG assisted over 150 affordable housing deals (and one radio station) to come to fruition. We are so pleased that we were able to work with so many wonderful developers, both new and experienced, small and large, to help them provide affordable housing and improve their communities.

Over these years, we learned a lot and navigated the company and our clients’ deals through the Great Recession of 2007-2008 and the Covid Pandemic of 2020-2022. Throughout this time, we have had the privilege of working with some of the finest affordable housing specialists – on our staff, our clients, and in the broader community.
Everyone should have a home they can afford and feel safe in. Ideally, amenities are nearby, and the home is energy efficient. We enjoyed working with so many people who shared our vision of universal affordable housing. While we continue to believe strongly in universal affordable housing, we also believe it is now time to have others lead the way and guide deals through the process. We hope the next generation continues to provide more truly affordable housing for more people.

While we are not taking on any new clients or projects and will be closing our doors once we finish our current deals, we want to let you know how much we have enjoyed working with each and every one of you throughout these years.

All the best to each of you-- Maggy, Larry and Virginia
Copyright Lightengale Group