Lead Developer: Brigite Grossman is the principal member of Source Works Development. Ms. Grossman has been involved in the development, construction, and operation of facilities serving the elderly for more than 30 years. Source Works Development has developed and operates three age-restricted LIHTC properties, all located in Chicago. Brownlow Belton Sullivan Arms (BBSA) is the non-profit partner in the project, and is the 501(c)(3) arm of the Pentecostal Churches of the Apostolic Faith. This international ministry organization represents over 300 churches throughout the world.
Hancock House is an 89-unit new construction elderly development that is located on the City’s Southwest side. The project has 7 stories and consists of a total of 89 units, with 13 studios and 76 one-bedroom units. The units are available to a broad mix of incomes. This project is a single mid-rise building that includes a large atrium in the center of the complex. The “Atrium Elderly” concept provides an affordable housing product that uniquely meets the needs of a senior audience. Instead of apartments on both sides of a lineal corridor, the atrium opens the building to natural light and landscaping. The corridor now becomes a “walk home” among neighbors with the friendliness and security of visual surveillance. Building amenities include a community room for special gatherings and/or meetings, a community kitchen, a fitness room with exercise machines, a computer workstation to help encourage the seniors’ use of technology, and laundry facilities on each floor.
Project Funding Sources
Unique Project Elements