HOPE MANOR APARTMENTS 3053 W. Franklin Blvd Chicago, IL 60612

1. SPONSOR/DEVELOPER: VOLUNTEERS OF AMERICA Hope Manor Apartments is one of the first large scale, supportive housing developments specifically designed for Veterans in the City of Chicago that combines Low Income Housing Tax Credits with funding from the City of Chicago and the U.S. Department of Veterans Affairs. Bringing these resources together in one project allows Hope Manor Apartments to serve the unique needs of today’s Veterans by providing them with a broader and more flexible continuum of resources in one location. This model represents a new and innovative approach to affordable housing by combining the focused, outcome-driven service intensity of transitional housing with the flexibility and consistency of the Housing First Model which favors permanent, supportive housing. • Hope Manor Apartments, located at 3053 W. Franklin Boulevard will include: supportive housing for up to 50 homeless Veterans in need of immediate and intensive services at the point of referral; and affordable housing for up to 30 Veterans requiring less intensive but longer-term housing and support. This 48,724 square foot, 4-story building will include 30 studio apartments; 10 two-bedroom suites and 10 three-bedroom suites. The project will also include private, enclosed green space for residents and laundry facilities on every floor. • As the name implies, Hope Manor Apartments is about much more than simply providing housing for Veterans – the goal is to help Veterans change and improve their lives over the long-term by promoting self-sufficiency, building new skills, creating strong support networks and integrating Veterans more positively into community life. The first floor will include access to a wide range of supportive services including: employment readiness classes, job training and coaching, computer training, a business resource center, a health and wellness clinic, peer support groups, recovery resources, individual counseling and case management. Residents will also enjoy a large, comfortable multi-purpose room to encourage a sense of fellowship among the residents and promote a highly supportive, peer-driven culture which has proven to be extremely important and effective in programs serving Veterans. • ARCHITECTURAL & GREEN DESIGN FEATURES • Hope Manor Apartments was designed by architect Michael Jerabek of Worn Jerabek Architects to create a contemporary, vibrant and healthy living environment in a building that also strives to help rebuild and reinvent the urban fabric of an under-developed Chicago neighborhood. The exterior of the building will consist of a combination of brick masonry, cast stone and fiber cement board. Over 90% of the exterior walls of the building will be clad in brick and cast stone. The form of the building has the traditional materials, scale and style of a mixed-use Chicago building, with the bays helping to articulate the street-side façade and reinforce the building corner, doing so in a contemporary expression. • The overriding design concept is to create a supportive housing development that serves the needs of Veterans, fosters a sense of community and does so in the most environmentally sensitive and sustainable manner possible. Hope Manor Apartments is a high performance building that will utilize numerous design techniques to reduce energy consumption, reduce environmental pollution and increase indoor air quality. Features such as materials with high-recycled content, high wall and window insulation values, very high efficiency mechanical systems, solar-thermal hot water delivery, a green roof and interior materials with very low off-gassing and toxicity will be employed. These features will combine to create an exceptional living environment for the residents. Also, with the extreme emphasis on energy efficiency in insulation and mechanical systems, it is anticipated that utility bills will be much lower in comparison to other similar buildings that do not employ the same level of design features. HOPE MANOR APARTMENTS3053 W. Franklin BlvdChicago, IL 60612

2. FUNDING SOURCES Capital Low Income Housing Tax Credits $8,568,452 IHDA – HOME Funds $1,000,000 VA Capital Grant $1,000,000 City of Chicago $1,500,000 * ERP Funds - IHDA $1,355,973 Federal Home Loan Bank $300,000 IL Donation Credit $210,900 IL Energy Grant / DCEO $125,000 Donations / Other $307,859 Total $14,368,184 Operating U.S. Department of Veterans Affairs 50 units CHA: Project-based Sect 8 Vouchers 30 units * The City of Chicago is also donating the entire parcel of land at 3053 W. Franklin for $1 to the project. About the Sponsor Volunteers of America is a private, national, not-for-profit, human service organization dedicated to helping people in need rebuild their lives and reach their full potential. Founded in 1896, Volunteers of America has been a national leader in bringing lasting solutions to those most in need throughout the Country and is the largest non-profit provider of affordable housing in the U.S. Volunteers of America of Illinois is one of the oldest affiliates within the VOA national ministry of service and has been serving people in Illinois for more than 113 years. Each year, VOA of IL serves more than 1000 people through a broad range of services specifically designed to strengthen families, promote safety and well-being in children and empower individuals to transform their lives. 47 West Polk Street, Suite 250-2 Chicago, IL 60605 312-564-2300 www.voaillinois.org