Ribbon Cutting for New Broadview Senior Apartments Dec. 15

(Broadview, IL) – The Village of Broadview, Ross Financial Services, Inc., and Housing Opportunity Development Corporation (HODC) proudly announce the opening of Broadview Senior Apartments.

A ribbon-cutting celebration at the new building will take place on Wednesday, December 15th at 12:00 PM – 3:00 PM with neighbors and community leaders, including Village of Broadview Mayor Katrina Thompson. At 12:40 PM a brief program and ribbon cutting ceremony will begin, followed by tours of the building. Attendees are invited to bring new or gently used books and games to help outfit the building’s library.

The new three-story, multifamily housing development will provide 70 one and two-bedroom units of housing for seniors and veterans in the village of Broadview. Affordable housing for those with incomes at or below 60% AMI, this development addresses the need for seniors in the community who have been long-time residents, but are looking for an affordable option that will allow them to remain in the neighborhood they call home.

To provide a long-term, healthy and sustainable environment, the building is designed to be certified by the National Green Building Standard at the Bronze level and incorporates many energy efficient features, improved indoor air quality, and low water use plumbing fixtures.

Roughly ten years in the making, the project was made possible by a partnership between the Village of Broadview, Ross Financial Services, Inc., and Housing Opportunity Development Corporation. It was designed by WJW Architects and constructed by Walsh Construction. Financing partners include Illinois Housing Development Authority, Housing Authority of Cook County, Fifth Third Bank, CREA, and Cinnaire Lending.

“The new Broadview Senior Apartments complex represents the Village of Broadview’s commitment to the needs and dignity of those who have devoted their lives to raising families, working hard, and contributing to the community,” said Broadview Mayor Katrina Thompson. “Honoring the generations that have come before us with quality housing and support in the next phase of their lives is what the Village of Broadview has done, and I am proud to have led the effort to bring this project to life.”

“Congratulations to Broadview in persevering and making this building become a reality,” said Douglas Ross, President of Ross Financial Services, Inc. “Tenants are already starting to move in and this makes a world of difference, not just for them, but for the community as a whole.”

“HODC is proud to be a partner in this much needed building. Having a safe and well-constructed affordable home is especially important now, during the age of the COVID-19 pandemic,” says Richard Koenig, Executive Director of HODC, “when increasing numbers of people are struggling to make ends meet and stay safe.”

About Ross Financial Services Ross Financial Services, Inc. specializes in maximizing investment opportunities in market rate and affordable multi-family housing for the property owner, investor, and developer. From analyzing property values to managing daily operations, our extraordinary attention to detail, accuracy and planning is the foundation of our success and philosophy.

About Housing Opportunity Development Corporation (HODC) HODC is a community-based organization that develops and manages affordable homes for low- and moderate-income households primarily in Chicago’s northern suburbs. HODC also offers first-time homebuyer counseling and educational presentations on affordable housing issues. For more information about HODC, please visit www.hodc.org.

davidormsby@davidormsby.com