Three organizations working in affordable housing in Lake County, Illinois wanted to determine if merging would help with long-term sustainability and program expansion. Lake County Residential Development Corporation, Affordable Housing Corporation of Lake County, and Community Partners for Affordable Housing offer complimentary affordable housing programs in adjacent geographies in the “lakes” region of Illinois just outside of Chicago. An engagement to explore a merger was partially funded by a grant from The SeaChange-Lodestar Fund for Nonprofit Collaboration. The three entities ultimately went through with a merger and now operate as Community Partners for Affordable Housing to help community members secure and retain quality housing.
Grant Amount: $9,000
Year Granted: 2017
Grantee: Community Partners for Affordable Housing
Location: IL - Illinois
Grantee Website: Community Partners for Affordable Housing