the power ofPARTNERSHIPS

addressing unmet needs2009 Annual Report

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Our Movement .................................................................................................................page 5

Financials ......................................................................................................................... page 7

The Development Team ................................................................................................... page 8

Community Development ......................................................................................... pages 9-10

Technical Assistance .............................................................................................. pages 11 - 15

Property Management ..............................................................................................page 16-17

Training........................................................................................................................... page 18

ICADC would like to take this opportunity to give a special thanks to Illinois Department of Commerceand Economic Opportunity for the funding making it possible to further ICADC’s mission of promotingaffordable housing throughout Illinois. Thank You!

Contents

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MessageDear Members:

The Illinois Community Action Development Corporation (ICADC) continues todiligently work with the membership through capacity building and technicalassistance of affordable housing development. In these tough economic times,the need for affordable housing for the families and individuals served by theCommunity Action network is more prevalent than before. ICADC continues toseek opportunities throughout the network that address affordable housingneeds.

As a response to the housing crisis, ICADC expanded its mission to includeeconomic development. This was done so that ICADC would be positioned asan instrument of development beyond affordable housing to be utilized byCommunity Action Agencies in the communities they serve. Limiting its scopeto affordable housing as was the case in the past resulted in a limited ability torespond to the housing crisis.

This annual report will provide you with a snapshot of the projects we are involvedwith throughout the state. All of these projects are Community Action projects.We are proud of our accomplishments and understand that we still have morework to do as we look to the future.

I urge you as members to approach our staff or board of directors if you haveprojects you would like to pursue in your communities. I would like to thank theICADC Board of Directors for their hard work in the past year. Secondly, I wouldlike to thank the membership for its support, the staff for their dedication andhard work. Finally, I would like to thank all of our partners for their continuedsupport, especially the Illinois Department of Commerce and EconomicOpportunity.

Respectfully Submitted,

McFarland A. Bragg II, CCAPBoard ChairIllinois Community Action Development Corporation

from the Board Chairman

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McFarland A. Bragg II - ChairmanPeoria Citizens Committee for Economic Opportunity, Inc.

Dan Little - Vice ChairmanMCS Community Services

Angela Frazier - TreasurerMid Central Community Action, Inc.

Kevin Wiehardt - SecretaryWestern Illinois Regional Council-CAA

Ken PettijohnWabash Area Development, Inc.

Rob SchroederWestern Egyptian Economic Opportunity Council, Inc.

Keith BrownBCMW Community Services

Robert WhartonCommunity and Economic Development Association of Cook County, Inc.

Jane LearHUD Retiree

Laurie PetersonNational City Corporation

Fred WhitmanEast Central Illinois Community Action Agency

Gail Hedges - LiaisonIllinois Department of Commerce and Economic Opportunity

Board Members 2009

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Our MovementIn the 1990’s, a recurrent theme appeared in the communityneeds assessments completed bi-annually by CommunityAction Agencies (CAAs) in Illinois. The assessments indicatedthat a lack of affordable housing existed across varyinggeographic areas within Illinois. Parallel to this realizationwas the acknowledgement of the varied capacity of CAAsto address the unmet need of affordable housing.

In response to the identified needs for affordable housingand enhanced capacity, CAAs and the Illinois Association ofCommunity Action Agencies (IACAA) collaborated in 1999to create a statewide entity, the Illinois Community ActionDevelopment Corporation (ICADC).

The mission of ICADC would be to provide training andtechnical assistance (T&TA) to CAAs for the developmentof affordable housing for Illinois’ most vulnerablepopulations. The vision of CAAs and IACAA to create ICADCwas supported with seed money from the IllinoisDepartment of Commerce and Economic Opportunity(IDCEO) making the entity a reality. Now in its eleventh yearof operation, ICADC has tailored its mission to not onlyprovide training and technical assistance for affordablehousing development, but to broaden its scope to includecommunity and economic development.

The T&TA provided by ICADC is a unique and refreshingapproach built to augment the capacity of individual CAAsand local communities by transferring the knowledge andskills needed to develop affordable housing and othercommunity resources. The result is that CAAs and local

communities gain the expertise needed to pursue economicdevelopment projects in the future; independent of ICADC.Upon receiving T&TA from ICADC, CAAs are equipped withthe knowledge, skills, and abilities needed to serve asdevelopers, property managers, and intermediaries in otherareas including home inspections and housing counseling.

The partnership between ICADC and CAAs employs thestrengths of both groups to effectively address the currentlack of economic development resulting in affordablehousing and community infrastructure in rural Illinois, aswell as other problematic issues present within low-incomefamilies across the state. Based upon CAAs decades ofexperience in working with lower income families, thefounding partners of ICADC recognized that buildingaffordable housing was not enough to ensure the long termsuccess of low-income families. ICADC’s approach is toincorporate the provision of CAA supportive services in eachof its development endeavors. This approach is used toaddress the multiple needs that low income families faceand to ensure that the long term benefits of community andeconomic development has a positive impact,

After nearly 10 years of successfully focusing on affordablehousing development with Illinois’ CAAs, the ICADCexpanded its scope of services to include economicdevelopment in 2008. With the down turn of the economy,a collapsed housing market and job losses, the ICADCrefocused its mission to better serve the Community Actionnetwork with technical assistance and training in economicdevelopment. The need for jobs and affordable housing

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continue to be priorities in the community needsassessments conducted by Community Action Agencies.Economic development is certainly a broad arena thatconsists of many facets. Affordable housing has been oneof these key facets where ICADC has played a critical rolethrough capacity building, training, technical assistance andactual project development. A key strategy of the ICADC willbe to utilize resources and assets owned by the CommunityAction network for a better coordination and facilitation ofeconomic development in the communities served byCommunity Action Agencies. This is an area that is new andunder development by ICADC. ICADC will be conductingfocused needs assessments through facilitated forums toeffectively integrate resources and needs in Illinois’communities. This approach will also involve partnershipsoutside of the Community Action network with the businesscommunity, DCEO, colleges and universities, and otherorganizations involved in economic development andcommunity development.

Rural Communities:Addressing an Unmet NeedAlthough larger metro areas are typically rich with talenteddevelopers specializing in the building of affordablehousing, rural areas within Illinois have been neglected.Many factors present within rural areas contribute to makingcommunity and economic development cost prohibitiveand unattainable.

ICADC is committed to working with rural communities toensure they obtain access to the resources they require toadequately address their needs. ICADC focuses on thebroader view of the community in that economicdevelopment draws businesses which increase the need forquality affordable housing, increase school enrollment andbring consumer spending to markets that otherwise wouldremain stagnant.

ICADC offers training & technical assistance (T&TA) to theCommunity Action network, as well as externalorganizations. The T&TA provides the recipients with anopportunity to learn about developing and managing awide array of affordable housing projects, while alsoobtaining first-hand experience by working in tandem withICADC to develop an affordable housing project.

ICADC has supported numerous Community ActionAgencies with one-on-one technical assistance either fromin-house staff or outside consultants. ICADC also providesfinancial support to new projects because most CAAs lackthe necessary pre-development resources to initiate aproject. As one of its sources of financial support, ICADCintends to continue working with the Illinois HousingDevelopment Authority (IHDA) to provide financingmechanisms for local Community Action Agency projects.

There are multiple resources that are required to developaffordable housing. The location of the project is a primarykey to make the best use of the multiple funding layers thatgo into each project. Studies have shown that it does littlegood to provide affordable housing if the market does notmeet several areas of need inclusive of live near work,accessibility to consumer needs, aging in placeopportunities, and proven density to support the housing.

Since the creation of ICADC in 1999, the training, technicalassistance, and direct involvement in development hasyielded tangible outcomes. These outcomes include realprogress towards the completion of a variety of real estatedevelopment projects of both renters and homeowners inrural areas. These rural areas were characterized as lackingaffordable housing construction within the previous forty(40) years with distressed existing and aged housing stock,if any available for rent. All of the housing projectsdeveloped are energy efficient and will remain affordablefor low-income residents in the future.

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Consolidated Statements of ActivitiesYear Ended December 31, 2009

(Unaudited)

Revenue and Other SupportGrant Revenue $ 271,867Pre-Development Cost reimbursement 17,847Interest Income 1,409Other Income 602Total Revenue and Other Support $291,725

ExpendituresProgram ServicesAdmin. of low-income housing developments $ 280,072

Total Program Services $ 280,072

Support ServicesManagement and General 11,638

Total Support Services $ 11,638

Total Expenditures $ 291,710

Change in Net Assets $ 15

Net Assets, Beginning of Year $ 454,181

Net Assets, End of Year $ 454,196

Financials

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Armed with lessons learned from both successful andunsuccessful developments, ICADC has implemented theconcept of having one development team for projects. Thedevelopment team consists of the following with theirrespective roles and responsibilities.

Developer (Owner)The developer is defined as the project’s sponsor. This roleinvolves the coordination and management of the project.There are four scenarios that will assist in defining the roleof the developer on the team:

1. ICADC will play the role of developer in cases where thelocal CAA is not able to fulfill that role.

2. If the CAA is interested in being the developer, ICADCwill provide technical assistance.

3. If the CAA is not able to fulfill the role of developer onits own, then ICADC will be a co-developer on theproject.

4. ICADC may partner with a for-profit developer as a co-developer in order to bring a project to fruition.

The Development TeamArchitectThe architect will be responsible for the site plan andproduct design. ICADC intends to work with the architectin designing standard drawings for both multifamily andsingle family homes which will be offered as a package tocommunities. The architect will also be responsible for anyother engineering work for projects as well as supervisingthe general contractor on site. ICADC will have an architecton the development team who has a positive track recordwith low to moderate income housing development.

AttorneyThe attorney will be responsible for ensuring that all the duediligence as it pertains to the project’s development is takencare of by the developer.

General ContractorThe general contractor will work closely with the architectto build the housing. ICADC may have more than onecontractor on its development team depending oneconomies of scale and distance. However, ICADC willensure that the general contractor has a positive track recordwith low to moderate income housing development.

ConsultantThe consultant will work with ICADC to ensure that thephases of the project are implemented within thedesignated time frames.

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Pictured Above: Bill Crusinberry, Mayor of the Cityof Hoopeston.

Project Sponsor: East Central Illinois Community Action AgencyProject Name: Prairie Meadows HomesLocation: Hoopeston, ILNumber of Units: 25

About the CommunityHoopeston is situated at the crossroads of two railroad linesin eastern Illinois which facilitate the transporting of locallygrown crops processed by local canning factories.Agriculture has been the backbone for this community formany years. Hoopeston currently boasts an excellent schoolsystem, Carnegie Library, recreational facilities, the historicFloral Hill Cemetery, historic Lorraine Theater, a health carecampus including a hospital, medical center, nursing home,and independent living center, and more.

With the decline of manufacturing in the last decade,Hoopeston has found itself at a new crossroads. However,even with the decline of industry and loss of jobs,Hoopeston has managed to retain a population of close to6,000 throughout the years. The current population is 5,965(according to the 2000 census). Preserving its heritage as acommunity of strong faiths and thriving business,Hoopeston continues to work together for the bettermentof its residents. Through innovative job creation and

business recruitment, retention, and expansion strategies,Hoopeston is vital and alive with economic prosperity. Itscomprehensive spectrum of health care and social servicesis unprecedented for a community of its size, makingHoopeston a great place to raise a family. Known for itscommunity spirit and civic involvement, Hoopeston hasbuilt bridges among its citizen groups, as well as with itscommunity neighbors.

About the ProjectPrairie Meadows will offer twenty-five (25) units of singlefamily living for families on approximately ten (10) acres ofland in Hoopeston, Illinois. Out of the ten (10) acredevelopment, one (1) acre will be reserved for a park withplayground equipment that will be dedicated to the City ofHoopeston.

The subdivision will have a unit mix of two and threebedroom single family dwellings ranging fromapproximately 1050 to 1350 square feet which will cater tolow and moderate-income seniors and/or families. Thedevelopment will boast two (2) accessible units, one (1) unitaccessible for those with sensory impairments, andseventeen (17) adaptable units.

IMPACT: HomeownershipPrairie Meadows Homes will provide affordable rents forresidents at or below 60% area median income. At thebeginning of the lease to purchase period, ECICAA willprovide educational classes to residents of PrairieMeadows to prepare for homeownership.

Community Devlopment

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The design of the planned development will offer qualityand affordable housing for working families and seniors andwill further allow for future expansion in later years. Acreageis currently available on the site for the inclusion of anadditional phase of the development which would bedesignated for whatever housing needs are at that time.

The initial housing will be provided through leaseagreements and will become homeownership units in yeartwenty (20). Prior to year twenty (20), existing residents willbe given the first opportunity to sign lease to purchaseagreements with anticipated closing of the first homes atthe end of the twentieth year.

leveraging, inclusion of green space, enhanced accessibilityfeatures, and increased energy efficiency.

However, due to the downturn of the economy, there hasbeen a scarcity of tax credit investors or syndicators typicallyneeded to purchase tax credits for the cash that finances aproject of this nature.

ICADC was able identify alternative streams of fundingthrough the American Recovery and Reinvestment Act(ARRA) of 2009. Through ARRA, resources were madeavailable for gap funding allocations to address the lack ofinvestors or syndicators for tax credit funded projects ARRAhas afforded ICADC an opportunity to leverage funds inexchange for tax credits allowing the needed equity to beinjected into the project.

Other funding sources for this project include a grant fromIllinois Department of Commerce and EconomicOpportunity in the amount of $100,500.00 to addressenergy efficiency standards. The project also receivedfunding from Federal Home Loan Bank (FHLB) Chicagothrough the Affordable Housing Program for construction.

Total funding for this project is $5,212,578 and the project’sclosing is estimated to be in May 2010.

IMPACT: Job CreationIt is estimated that Prairie Meadows Homes willcontribute approximately 20 new jobs to Hoopeston andthe surrounding area.

IMPACT: Stumulus FundingARRA has afforded ICADC an opportunity to leveragefunds in exchange for tax credits allowing the neededequity to be injected into the project.

Project StatusEarly in 2009, The City of Hoopeston agreed to contribute$400,000 of Tax Increment Financing (TIF) towards theproject to be used as either cash or in-kind. The HoopestonCity Council also approved a zoning resolution which wouldallow for the property to be re-zoned for single family homesfrom the light industrial zoning originally associated withthe land.

The low income housing tax credit (LIHTC) application forthe twenty-five (25) single family homes was submitted toIHDA as of April 6, 2009. On August 21, 2009, the IHDA Boardof Directors approved the funding of the Prairie MeadowsHomes project. The project application received one of thehighest ranking scores by IHDA’s standards due to theproject’s inclusion of: live near work initiatives, greeninitiatives, addition of a tot lot/playground, financial

Prairie Meadows Development Team:1. Developer/Owner: East Central Illinois Community

Action Agency2. Co-Developer: ICADC3. Architect: Designed Architecture, Springfield, Illinois4. Attorney: Applegate, Thorne, and Thomsen,

Chicago, Illinois5. General Contractor: Horve Builders, Forsyth, Illinois6. Consultant: Lighten-Gale Group, Chicago, Illinois

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About the CommunityThe Central Terrace Cooperative was originally a 50unit structure built in 1945 as an army barracks inRockford, Illinois. This development was turnedinto a housing cooperative in 1954. A housingcooperative is a legal entity that owns real estate.Each shareholder in the legal entity is granted the right tooccupy a unit of the real estate and sometimes subject toan occupancy agreement. A shareholder in a cooperativedoes not own real estate, but a share of the legal entity thatdoes own real estate.

The Central Terrace Cooperative is operated by theCooperative Board. There is a screening committee in placeto review applications for those individuals seeking homes.After an application is approved, the occupant will rent theunit for the first five (5) years. After this five (5) year period,the occupant begins to accrue a share in the cooperative.

About the ProjectThe Cooperative is seeking to turn an unusedfield owned by the development into a seniorliving facility as well as provide some muchneeded repairs to the existing infrastructure.Due to the age of the development, many unitsare dilapidated and in critical need of majorinfrastructure repairs.

On January 27, ICADC staff visited the City ofRockford Department of Human Services inorder to explore alternatives for assisting thedistressed property. ICADC staff toured theproperty and met with the cooperative board.

Technical Assistance

Project StatusThe Central Terrace Cooperative Board is in the process ofseeking training on how to develop a senior living facility.The board attended a community development trainingpresented by Theresa Prim and Linda Greene of the PrimLawrence Group.

After further discussion with the City of RockfordDepartment of Human Services, ICADC has recommendedthat Central Terrace Cooperative residents refinance usingtheir equity to upgrade the currently distressed buildings.

Project Sponsor: Rockford Human ServicesProject Name: Central Terrace CooperativeLocation: Rockford, ILNumber of Units: 150

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About the CommunityCarbondale is a community that possesses largecity comforts embedded in a small college townatmosphere. Carbondale is home to a thrivingbusiness community and yet serves as a gatewayto natural attractions and destinations popular withboth residents and travelers. It’s a city with thousands ofyoung people, eager to make their mark and numbers ofprofessionals willing to lend guidance and mentor.

With Southern Illinois University Carbondale (SIUC) servingas one of the primary forces both culturally andeconomically in Carbondale, the city has become a greatplace to get an education, raise a family, or start a business.The city boasts outstanding schools with modern facilities,beautiful and historic neighborhoods, quaint shops as wellas major retailers and some of the best healthcare facilitiesin the Midwest.

Located about 85 miles from St. Louis, Carbondale isconvenient to get to: U.S. Highway 51 and Illinois Route 13converge in the center of the city.

The city government strives to cultivate affordableand quality homes throughout the city. Incentivesto developers encourage construction ofaffordable homes in new neighborhoods. The cityalso offers incentives for housing rehabilitationand home buyer assistance. With median homeprices below the state average and a cost of livingwell below that for most of the nation, living wellin Carbondale is affordable.

About the ProjectThe Carbondale Home Ownership Project, co-developed byWestern Egyptian Economic Opportunity Council (WEEOC)and Attucks Community Services, Inc. involves a two-phasedevelopment consisting of five (5) 1,240 square foot, singlefamily homeownership units in each phase. These units arelocated on approximately 1.3 acres on the north side of theCity of Carbondale.

WEEOC collaborated with the Southern Illinois Center forIndependent Living to ensure three (3) of the homes wereaccessible to physically disabled individuals earning lessthan fifty (50) percent of the area median income. For mostpeople with disabilities, finding a suitable place to live in

Project Sponsor: Western Egyptian EconomicOpportunities Council

Project Name: Carbondale Homeownership ProjectLocation: Carbondale, ILNumber of Units: 5

Technical Assistance

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the community is difficult, if not impossible. Lack ofaccessible, affordable housing is a major obstacle toindependent living, one that persists for disabled people ofall ages.

Project financing includes a grant from the City ofCarbondale, a private mortgage, a loan from the IllinoisFacilities Fund, HOME funds, and Affordable HousingProgram Funds. Total project cost is $1.3 million.

Project StatusPhase I currently has five completed homes, three of thefive homes are sold and two are vacant.

ICADC alongside of WEEOC continues to investigatealternatives to turn the remaining homes into lease topurchase units. Outreach to the Jackson County HousingAuthority (JCHA) has revealed that JCHA is willing to createa homeownership plan wherein vouchers could be used tolease up the vacant homes that are a part of the CarbondaleHomeownership Project. Currently JCHA is in thepreliminary stages of setting up the program through theDepartment of Housing and Urban Development

ICADC is also working with WEEOC to identify potentialbuyers. ICADC is offering WEEOC technical assistance in re-evaluating previously denied applications due to creditissues that may have been resolved since they were initiallysubmitted. WEEOC’s housing counselors also continue tooffer assistance for individuals encountering credit issuesimpeding their opportunities at homeownership.

Throughout Illinois

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About the ProgramAccording to the Illinois Housing DevelopmentAuthority, a combination of low wages and limitedavailability of affordable rental housing unitsrequire many families and households throughoutthe State of Illinois to pay a disproportionate share of theirincome for basic housing. Simultaneously, there arehouseholds in the state that face additional difficulty infinding affordable housing due to disabilities or specialneeds of family members. As a result, the Rental HousingSupport Program was created promoting permanenthousing through the funding of rent subsidies for these “rentburdened “ extremely and severely low-income households.Funding for rental assistance was identified as a significantneed by the Governor’s Housing Task force and in “Buildingfor Success: Illinois’s Comprehensive Affordable HousingPlan.” Fewer than half the states in the nation have a rentalassistance program and only two other states,Massachusetts and Connecticut, provide long-term rentalsupport. The RHS program places a $10 surcharge on realestate document recordings and is expected to generatemore than $25 million dollars each year and assist anestimated 4,000 households annually.

Program StatusICADC offered technical assistance to IACAA in thepreparation of the Rental Housing Support Program (RHSP)Round II application that was approved by the IHDA Boardon March 20, 2009. A training session for RHSP Round IIwas held May 7, 2009, presented by IHDA and hosted byIACAA. Round II includes: Tri-County Opportunities Council,Shawnee Development Council, and Rockford HumanServices.

Round I of the Rental Housing Support Programadministered by IACAA subsidizes approximately $57,531.00in rents per quarter and assists approximately 45 families.

The agencies participating in this round include: RockfordHuman Services, WADI, Project Now, and Two RiversRegional Council of Public Officials. IHDA disbursesquarterly payments to IACAA which are in turn filtered tothe agencies for payments to their participating landlords.

Requests for proposals were sought by IHDA for a thirdround of RHSP and ICADC again offered technical assistanceto IACAA in the creation of an application that wassubmitted as of December 4, 2009. IACAA received noticeas of February 22, 2010 from IHDA that Round III of the RentalHousing Support was recommended to the IHDA Board ofDirectors for a funding level of $1,195,631 for a three yearperiod. Approval was given by IHDA’s Board on Friday, March19, 2010. Participating agencies include Embarras RiverBasin Agency, Tri-County Opportunity Council, C.E.F.S.Economic Opportunity Corporation, BCMW CommunityServices, and Crosswalk Community Action.

Project Sponsor: Numerous CAAsProject Name: Rental Housing Support ProgramLocation: StatewideNumber of Units: 219

Technical Assistance

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About the ProjectIn the Spring of 2009, Land of Lincoln GoodwillIndustries in Springfield, Illinois expressed interestin developing a transitional housing program forhomeless veterans encompassing a wide array of supportiveservices. Goodwill owns an 80,000 square foot buildinglocated in a tax increment financing (TIF) district. Thebuilding is currently being used in part for storage, aGoodwill store, and for supportive services targeting thedevelopmentally disabled population. Discussions haveensued with Goodwill for ICADC to offer technical assistancetoward a development aimed at serving the homelessveteran population.

Participating ICADC members include:-Sangamon County Community Resources-Coalition for Citizens with Disabilities-Springfield Urban League

ICADC has presented this project to the Land of LincolnGoodwill board along with a proposed building layout.

Throughout IllinoisProject Name: Land of Lincoln Goodwill ProjectProject Sponsor: Numerous CAAsLocation: Springfield, IL

Project StatusThe ICADC conducted research to determine the availabilityof the eligible population for this type of a project. Eventhough the research yielded the fact that there were noorganizations that specifically tracked and documentedhomeless veterans in Sangamon County, discussions heldwith the Veteran’s Administration, VA Illiana HealthcareSystem, Veterans Assistance Commission, Springfield VetCenter, and other organizations that work with veteransrevealed that there is an unmet need for providing housingto homeless veterans.

At this time, the ICADC is awaiting further information anddevelopments of for this project to be pursued. Other typesof housing have been explored for the same location.

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Located in Beardstown, Illinois, Welch Woods is anaffordable housing, tax credit financeddevelopment that offers forty-two (42) two andthree bedroom units for families at or below sixty(60) percent of area median income. These unitsinclude kitchen appliances, washer and dryer hook-ups, amaintenance-free exterior, and energy efficientconstruction. The energy efficient components built intothese units ensure that the units will operate affordably forresidents in the long term.

The success of Welch Woods has been recognized statewideand featured in several of the State of Illinois’ publicationson housing. After careful research indicated there was acritical need for affordable housing in Beardstown, ICADCpartnered with the local CAA, MCS Community Services andExcel Corporation, a major local employer, to develop anaffordable housing multi-family complex that wascompleted in 2005.

This project incorporated funding from the Illinois HousingDevelopment Authority, Enterprise Social DevelopmentCorporation, Illinois Department of Commerce andEconomic Opportunity, and Excel Corporation. The City ofBeardstown supported the project by providing new waterand sewer lines.

Welch Woods currently serves as one of the first EmployerAssisted Housing projects completed in Central Illinois.

This project is managed by the Housing Authority of theCounty of Cass (HACC). Welch Woods continues to maintainhigh occupancy levels year round. ICADC and HACC ensurethat the project remains in LIHTC compliance enabling thescheduled delivery of tax credits.

Property ManagementProject Sponsor: Welch WoodsProject Sponsor: MCS Community ServicesLocation: Beardstown, ILNumber of Units: 42

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Strawberry Meadows was established in WestFrankfort, Illinois in Franklin County in March 2002.Strawberry Meadows consists of forty-two (42)affordable housing multi-family units for low-income and very low-income individuals. ICADCand Budslick Management are the general partners in theproject with Budslick Management serving as the propertymanager and holding 99% of the managing partner interest.

Crosswalk Community Action is the sponsoring non-profitagency in this project and continues to refer its clients tothe development. Strawberry Meadows continues to reporta healthy waiting list as well as consistently high occupancylevels.

This project was funded by the use of low income housingtax credits (LIHTC). USA Institutional Tax Credit Fund XXVIII,LP, Illinois Equity Funds, and Richman Group CapitalCorporation are all equity investors in the project.

Project Sponsor: Strawberry MeadowsProject Sponsor: Crosswalk Community ServicesLocation: West Frankfort, ILNumber of Units: 42

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Staff Capacity BuildingICADC staff attended a course titled Community EconomicDevelopment Principles, Practices and Strategies. Thecourse was offered as a part of the Neighborworks traininginstitute in Atlanta, Georgia on February 16 and 17, 2009.The class was designed to teach the goals, guidingprinciples, and measures of success within economicdevelopment; examine costs versus benefits of projects; andunderstand the multiplier effect, capital leakage, and thedifference between basic and non-basic industries. The classtaught how to make distinctions among strategies aimedat affecting the supply versus demand for labor, and how tomake informed choices about the use of tools such asbusiness incubators, loan funds, targeted real estateprojects, and job training programs. IACAA in cooperationwith Mid Central Community Action was awarded twoscholarships by State Farm Bank Scholarship Committee inorder to attend the institute and, as a result, build internalcapacity. ICADC would like to give a special thanks to MidCentral Community Action for facilitating the scholarshipawards.

Training Provided for the NetworkICADC hosted an all-day training on July 22, 2009 on howto become a HUD certified counseling agency. The trainingcovered the process of applying for certification as a HUD-certified counseling agency. Information included HUDregulations regarding housing counseling agencies, criteriarequired in application submission, and an overview of theentire application process. Participants also had a chanceto review a successful application and learn about additionaltechnical assistance opportunities available. By becominga HUD certified housing counseling agency, CAAs have toability to apply for additional grant opportunities and wellas produce ancillary income as a service provider. Thepresenter was Erica Page from Housing Action Illinois. Therewere 17 people from 10 various agencies in attendance.ICADC hopes to offer this training again in 2010.

Training

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Our GoalsMaintain an active and informed Board of Directors that reflects the diversity of CAA’s across the state

Operate with a strong management team comprised of experienced and qualified staff and consultants

Provide access across the state to high quality community and economic development training and technicalassistance services

Participate in the development of affordable housing projects across the state

Help improve community and economic development policies and programs for economically disadvantagedpopulations in the state

Diversify and grow the funding base

Build and promote a strong network of supportive partners who work with the corporation to achieve itsmission

MissionThe Illinois Community Action Development Corporation is a community development organization thatserves the community action network by developing affordable housing and building the capacity ofcommunity action agencies to meet the needs of their community.

Mission & Goals

Developing a Project in Your AreaICADC can offer your organization training and technical assistance too! If you are interested in learningabout the development process or developing a project in your area, please call (217)789-0125 to speak witha member of our staff.

 

IllinoisCommunityActionDevelopmentCorporation

Bringing affordable housing to Illinois’ low-income families.

3435 Liberty DriveSpringfield, Illinoi 62704217.789-0125Fax: 217-789-0139

www.icaanet.org