OVERVIEW

Founded in 1994, New Directions Housing Corporation (“NDHC”) has built and rehabilitated a total of 394 multi-family units, providing safe, affordable and decent housing for very low and low income individuals. Over the years, NDHC’s properties have assisted thousands of its residents in ways beyond just providing safe, decent, sanitary and affordable housing.

Our properties have participated in programs such as free flu shots, meals-on-wheels, pot luck night, the breakfast club and many other social support services. We have implemented community support programs such as on-site after school study, swimming lessons at our pool, and guidance counseling for problem children. Additionally, we work together with local government and with Catholic Charities to provide various other services to residents in need, such as direct bus route service for improved schooling and job access.

EXECUTIVE MANAGEMENT

Rodger Brown is the President of New Directions Housing Corporation and has over 18 years of experience in real estate including financing, acquisition, construction, zoning, annexation and underwriting. Prior to NDHC, Mr. Brown worked at the Illinois Housing Development Authority (IHDA). In his position as Senior Loan Officer, he underwrote over $50 million of loans for the acquisition and construction of affordable housing units in Illinois. Mr. Brown also underwrote over $100 million of low income housing tax credit developments. From 1997 to the present, Mr. Brown has been President of New Directions Housing Corporation. He is also a licensed Illinois Real Estate Broker.

KEY FACTS:

• NDHC is an Illinois non-profit 501(c)(3) tax-exempt charitable corporation.
• NDHC has created hundreds of new jobs and allocated millions of dollars into the local economies through contracts, wages, spending and taxes.
• NDHC has developed or rehabilitated 480 units of safe, decent and affordable housing for low or very low income residents.
• NDHC has housed and provided support services for thousands of residents and their families, including after school programs, transportation support, and counseling services.
• NDHC does business with Community Development Financial Institutions (“CDFI”) to support lower income communities.
• NDHC supports green building initiatives, and pursues U.S. Green Building Council certification on projects.
• NDHC is governed by a completely independent Board of Directors and is neither controlled by, nor affiliated with any for-profit organization.
• NDHC is an approved developer in the City of Chicago’s Neighborhood Stabilization Program.
• NDHC has several new projects in the planning stages that would add hundreds of affordable units and jobs in Illinois.