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Myers Place

About

Myers Place provides affordable housing with supportive services for low-income individuals with mental and physical disabilities in suburban Chicago, where both affordable rental homes and supportive living facilities are scarce. Myers Place is surrounded by retail, jobs and transit options. The Kenneth Young Center provides a range of support services, including mental health, senior, education and prevention services.

Affordability & Support

Supportive housing for people with disabilities, including 21 one-bedroom and 18 studio apartments, all furnished

Green

Designed to meet LEED standards; includes a geothermal HVAC system

Access to Transit

Located along a bus line, Myers Place is close to retail and dining options as well as to major employers in the region, including Chicago O'Hare International Airport.



Chicago

Fully furnished apartments help residents feel at home at Myers Place.

Chicago

Mitchell Bruski is CEO of the Kenneth Young Center, a provider of support services for Myers Place residents.

Enterprise's role

Enterprise provided an $8.1 million Low-Income Housing Tax Credit (Housing Credit) equity investment with UnitedHealth Group as the investor and an additional $1.7 million investment through one of our multi-investor funds. Enterprise has worked with the state of Illinois to give funding priority to Housing Credit projects that meet green standards. Enterprise also invests in supportive housing communities as an effective and efficient way to connect individuals with special needs to independence and opportunity.

Partners

Corporation for Supportive Housing; Daveri Development Group; Department of Commerce & Economic Opportunity; Housing Authority of the County of Cook; Illinois Housing Development Authority; Kenneth Young Center; Regional Housing Initiative; The Task Force – North/Northwest Suburban Supportive Housing for Individuals with Mental Illness; UnitedHealth Group

Gaining Confidence By Helping Other People

Karen struggles to tell her story, even though it's important to her to share it. She discusses freely how she worked for an airline doing data entry before the company moved the jobs to another city. With just a moment's hesitation, she admits that her depression and anxiety have made it difficult to reenter the workplace.

While telling her story, she alludes to an extended hospital stay in 2008. She forces the words out quickly and then chooses not to elaborate.

"I have come so far; I want to help other people. When I help people, it gives me more confidence in myself," Karen says.

In the course of rebuilding her life, a therapist referred Karen to the Kenneth Young Center. Six years later, she participates in many of the center's programs, including building retail skills by volunteering at its resale shop and training to be a peer counselor. She was participating in the transitional housing program before deciding to make the move to her own place.

In her one-bedroom apartment at Myers Place, Karen has started to add personal touches to complement the furniture provided by Kenneth Young Center – a colorful duvet, pictures of her childhood, a portrait of her parents at her wedding. Her mother has since passed away, and her father eventually remarried and moved to Atlanta. He does his best to support her from a distance, but it has been hard. She misses them both.

Karen doesn't dwell on the past, and talks mostly of the future. A certificate for wedding consulting from Harper College sits on top of a bookshelf. She loves working with people and dreams of helping others plan their weddings.

Living at Myers Place has opened the door to opportunities for Karen and made it possible for her to live in the community she calls home. With a stable home, she is focusing on learning to cook healthy food in a kitchen of her own where she can put those skills to use, while attending group therapy sessions and building strong relationships with friends and neighbors.

"I am taking care of myself now and thinking about my future," says Karen.

Helping Create a First in the Suburbs of Chicago

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With the support of UnitedHealth Group, Myers Place opened in 2013 as the first affordable supportive housing development in Mount Prospect, Ill., a suburb of Chicago.

With on-site case management and resident resources provided by the Kenneth Young Center, Myers Place connects residents to a stable home where they can thrive. Through a range of support services, residents focus on improving their mental and physical health. The center works with residents to manage mental illnesses and other disabilities and provides educational classes to help build the skills necessary to live on their own, like balancing a checkbook, grocery shopping or writing a resume.

UnitedHealth Group helped make Myers Place a reality by investing $8.1 million with Enterprise through the Low-Income Housing Tax Credit (Housing Credit). That equity was used to help finance Myers Place.

The Housing Credit is a critical tool in the creation and preservation of affordable housing, which often requires complicated financing. The Housing Credit creates an incentive for investors to infuse capital into nontraditional developments – ones that might not happen otherwise.

When UnitedHealth Group decided to partner with Enterprise, it was to invest in people’s health and well-being through affordable housing, using the Housing Credit. UnitedHealth often chooses to invest in supportive housing like Myers Place.

"We understand the critical role that safe, secure and affordable housing plays in helping people live healthier lives," explains Tom McGlinch, vice president of Investment Management at UnitedHealth Group.

Helping people attain safe, stable and affordable homes while improving communities – these are the goals of Enterprise and the Housing Credit program and what UnitedHealth Group set out to achieve when they invested in Myers Place.

Tom sums it up: "The most rewarding day for us is when individuals and families begin moving into their new homes."