East Dundee Homes/Townhomes is a 68-unit, new construction affordable development to be located in East Dundee, Illinois. The project will consist of 68 units, ranging between two and four bedrooms, all of which will be will be affordable to families, which means they are affordable for families with annual incomes from $15,000 to $50,000.   The development consists of thirty-four (34) one-story two-bedroom single family buildings, one (1) one-story three-bedroom single family building, one (1) two-story four-bedroom single family building, three (3) one-story three-bedroom duplex buildings (6 units), two (2) one-story four-bedroom duplex buildings (4 units) and eleven (11) two story four-bedroom duplex buildings (22 units).
The development is being designed specifically for families, as highlighted by the building layouts and site plan. The homes will be spacious with approximately 1,100 square feet for the two-bedroom units and over 1,700 square feet for the three- and four-bedroom units. Each two-bedroom home includes a one car attached garage and a two-car attached garage for the three- and four-bedroom units. Additional parking is available in front of the clubhouse which will act as the central meeting location for the development. Directly next to the clubhouse is a planned “tot lot” available to all of the residents. The adjacent site also includes a space for a potential park that may be completed by Kane County.
The buildings have concrete foundations, stone and Hardi cementious siding and be of wood construction. Additionally, each spacious unit have a backyard along with wireless internet, and be cable ready. All kitchen appliances have energy star rated and include refrigerator/freezer, microwave, electric range/oven, and dishwasher.

The units have vinyl or laminate flooring in the kitchen and bathroom and wall-to-wall carpet in the living and bedrooms. Seven (7) of the units are handicapped accessible.
The Primary Market Area has experienced high growth in the past years and is expected to continue to grow at a steady rate. Further, the supply of quality modern affordable family housing is very limited.

FINANCING

$4.5 million permanent debt, $17 million LIHTC and $500,000 DDF