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Lincoln Park Community Services

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Lincoln Park Community Services

New Developer Non-Profit Organization

Lincoln Park Community Services

DEVELOPER INFO:
LPCS brings communities together to empower individuals facing homelessness and poverty to secure stable housing and make sustainable life changes. LPCS work on the basis of accountability. The staff at LPCS, guests, volunteers, stakeholders and donors are a micro-community with common interests and goals that hold each responsible to the other. Together, LPCS works with the community to ensure LPCS members receive the support, respect and understanding they need to empower their lives. LPCS will provide a holistic continuum of services that removes barriers and increases self-sufficiency. LPCS will be a leader and innovator in creating solutions to homelessness in our community. We believe that every person in the community has a stake in and can contribute to ending homelessness. LPCS is primary privately funded, supported largely by community donations. Truly a community-based organization, LPCS has always been operated by the pool of more than 1,500 volunteers each year who serve the community in a variety of ways.

 

PROJECT INFO:
(LPCS) permanent supportive housing (PSH) project, located at 1521 North Sedgwick in Chicago, is a 5 story, newly constructed elevator building with 20 efficiency units of at least 300 sq ft. Each studio unit includes a private bathroom, kitchenette and sleeping/living area. A common area includes a laundry, a seating area, and computers, as well as a fitness area, a second lounge, and a storage area. The PSH is connected to LPCS’s Interim Housing Program (shelter/transitional)  in an adjacent building. PSH residents will have access to programmatic and supportive services delivered in the separately financed IHP building. This project is unique because the PSH residents will have full access to the social services provided to the IHP guests, the same services which have made LPCS one of the most successful programs in the City returning homeless persons to stability and employment.

 

project details

  • Project Site: LPCS
  • Developer Name: LPCS
  • Project Address: 1521 N Sedgwick St., Chicgao, IL 60610
  • Number of Units: 20
  • Property Type: Supportive Housing for Homeless
  • Closed: January 2018

 

Project Funding Sources: 

  • FHLB AHP
  • Project Based Vouchers
  • State Loan
  • City of Chicago Loan

 

Unique Project Elements:

  • The project is connected to a separately financed Interim Supportive Housing facility with full social services. Thus, the project residents are able to access services in the Interim Housing building.

 

Lightengale's Role:

  • Strategy 
    • Development Team Assembly
    • IHDA PSH Application
    • Project Based Vouchers/RAD
    • Project Budget
  • Financing Execution
    • Pre-Development Loan Coordination
    • Project Debt & Equity Coordination
  • Due Diligence Coordination
    • Property Mgmt. Documents
    • Insurance Coordination
    • Closing Owner Sworn Statement
  • Post Closing Services
    • Construction - Owner Rep Services
    • Construction Administration of Draws

 

Photo Credit

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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