Housing Development Corp

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Turnstone Development is the Housing Authority of Cook County's (HACC) not-for-profit 501 (c) (3) development affiliate. As HACC's affiliate, Turnstone Development was created in order to facilitate HACC's creation and preservation of affordable housing, specifically in carrying out HACC's expansion of the Rental Assistance Program (formerly Section 8) and specifically in the development of new or rehabilitated properties assisted with Project Based vouchers. Turnstone Development regularly provides support to HACC in its effort to create and preserve affordable housing opportunities for low-income families. Since its inception in 1998, Turnstone Development has developed over 1, 300 affordable housing units and leveraged over $167 million in private and public investment capital sources, such as low-income housing tax credit (LIHTC) equity from the Illinois Housing Development Authority (IHDA), Cook County HOME funds, and grant assistance from such organizations as the Federal Home Loan Bank (FHLB) and the Department of Commerce and Economic Opportunity (DCEO), all for the purpose of rehabbing and constructing affordable housing development sites throughout suburban Cook County. With 13 years of experience in redevelopment and management of high quality and affordable housing, Turnstone is highly qualified in this field.