New CVP Loan to Lincoln Park Community Services

Categories: CVP

We are excited to announce JCUA’s Community Ventures Program has just funded a new $100,000 loan to Lincoln Park Community Services (LPCS) to develop 48 interim supportive housing (ISH) units. The project is part of a 68-unit development that will include an additional 20 units of permanent supportive housing on the same campus.
For the past 32 years, LPCS has served Chicago’s homeless community through its commitment to moving individuals to stability, employment, and permanent housing. It currently operates a 35-bed ISH co-ed facility at Lincoln Park Presbyterian Church and a 17-unit scattered site Independent Community Living program.  The proposed development will build on LPCS’s success as a provider of both interim and permanent supportive housing throughout the City.
LPCS is one of the most successful programs in the City returning homeless persons to stability and employment. Over the past five years, approximately 70% of LPCS’ ISH guests have moved into permanent housing with a consistent level of 80% of them remaining housed after six months. The social services LPCS provides have been recognized as instrumental in returning thousands of homeless persons to long term stability and employment. This project, located in one of the City’s most affluent areas, will also serve as a reminder that the problem of homelessness is pervasive and must be addressed in every community if it is ever to be truly eradicated. With this project, LPCS would relocate and expand its current ISH program and increase its Independent Community Living program.