Community Ventures Program (CVP) Invests in Veterans Housing

Categories: CVP

Click to learn more about A Safe Haven and their work helping individuals overcome the root causes of homelessness.

JCUA is excited to announce its newest CVP investment: the Roosevelt Road Veterans Housing Project, a 90-unit facility for veterans experiencing homelessness and veterans with disabilities. CVP provided a no-interest $100,000 loan to A Safe Haven to cover a portion of the predevelopment costs associated with the construction of this building in the North Lawndale neighborhood.

The newly constructed building will be a five story structure with 88 efficiency units and two 1-bedroom apartments.  Each unit will have its own kitchen and bath with on-site parking provided.  All units will have project-based subsidy attached which will make all of them affordable to very-low income tenants and will limit rents to 30% of an individual’s monthly income.  The project will follow the permanent supportive housing model and provide on-site supportive services.  The first floor common space will be used for social service offices, a computer room, classrooms, and lounge area.  Additional social service support, vocational training and job placement assistance will be provided at A Safe Haven’s office located just two blocks away.

The site is strategically located within two blocks of a VA Clinic which provides medical, mental health, and other services for veteran experiencing homelessness.  The facility is also located in close proximity to the University of Illinois Medical District, and major CTA bus routes and rail lines.

The Roosevelt Road Veterans Housing Project enjoys broad-based support from a variety of financial resources including the Illinois Housing Development Authority, the City of Chicago, LISC, the Corporation for Supportive Housing, the Federal Home Loan Bank, Home Depot, the Illinois Department of Consumer and Economic Opportunity, and private financing. A Safe Haven expects to close on the project in July 2019.  Construction is expected to take one year.

There is a significant unmet need for veterans’ housing in Chicago, and JCUA is proud to be a part of this project. We are inspired by A Safe Haven’s holistic approach that recognizes the importance of social and economic development and provides  individuals with the tools they need to overcome the root causes of  homelessness and to achieve sustainable self-sufficiency.

To learn more about JCUA’s Community Ventures Program, click here.

To view the 2018 CVP Annual Report, click here.