Madison Apartments III
About the project
Phoenix Community Development Services (Phoenix CDS) is a not-for-profit social service agency providing services to individuals who have limited resources and support systems, including people with severe and persistent mental illness, developmental disabilities, and other special needs.
Phoenix Community Development Services is located in Peoria, IL.
LISC provided $250,000 in predevelopment financing to support Phoenix CDS' development of the Madison Apartments III. Located in downtown Peoria, Madison Apartments III will provide permanent housing and supportive services for homeless youth between 18 and 24-years-old, many who are aging out of the care of Illinois Department of Children and Family Services. Phoenix CDS is a licensed mental health agency and will offer comprehensive supportive case management, access to age-appropriate clinical services (i.e., mental health counseling), and access to supportive housing for this homeless youth population. The project is new construction with demolition of an existing single-story office building currently onsite. The project will be a 4-story building with 16 one bed and studio units.
Partner:
Phoenix Community Development Services
Location:
Peoria, IL
Total Investment:
$250,000
Results:
16 units
3 jobs created or preserved
Project Category:
Affordable Housing
Sub-Category:
Community Services
Product:
Predevelopment loan
Website:
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