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83 Units Senior Housing, New Construction Cost: $7,200,000 Financing: HOME, Low Income Housing Tax Credits, IHDA Trust Fund, Federal Home Loan Bank, First Chicago, Illinois Housing Development Authority, LaSalle National Bank, Chicago Department of Housing. Completion: 1998 | The Ruth Shriman House, a mid-rise apartment building in Chicago's Lakeview neighborghood, has 71 one bedrooms and 12 studio apartments. It offers its residents
a large multi-purpose room for group meetings, a library, as well as a health and
wellness area. In addition, it has coin operated laundry, a screened porch and garden area, individual resident storage lockers, secured entry system, off street parking, and a two-story solarium. Individually, the apartments provide generous closet space, fully equipped kitchens, carpet and window treatments, individually controlled heating and cooling, and specially handicapped equiped apartments
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Cullen J. Davis, Principal
Cullen is a lifelong Chicagoan. Born and raised in the Hyde Park neighborhood, he has long fought to preserve and rebuild his hometown. Having played an integral role in the redevelopment of the North Kenwood-Oakland neighborhood’s State Street Redevelopment, Cullen is passionate about the City of Chicago. As a graduate of Northwestern Law School, Cullen is a licensed attorney and real estate broker. His primary responsibilities at Daveri include overseeing all phases of operations, from XX financing to XX certification processes. In addition to his role at Daveri, he is also at the helm of several other companies, including Hallmark and Johnson Real Estate Management, LLC, and Urban Property Advisors. His business experience and responsibilities run the gamut. From public housing vouchers to market rate condominiums, Cullen is a specialist in the public, affordable and mixed-income housing arena.
With an eye on the city’s greatest needs, Cullen is committed to Chicagoland; he lives in the North Kenwood-Oakland community with his wife and daughter.
Larry Pusateri, Principal
Larry has worked in the field of affordable housing development since 1987. He has served as the housing development director of three of Illinois’ most prominent affordable housing organizations: The Statewide Housing Action Coalition, The Lakefront SRO Corporation, and Travelers & Immigrants Aid (now Heartland Alliance). His experience with non-profits and community groups across the state of Illinois has prepared him to serve as Principal at Daveri. From helping the state’s first annual revenue source for affordable housing development to rehabbing single room occupancy apartment buildings for formerly homeless individuals, Larry is committed to enhancing the affordable housing stock throughout the state and across the Midwest. He is a regular lecturer at affordable housing seminars sponsored by HUD, the Illinois Housing Development Authority, Chicago Department of Housing, the first National HIV/AIDS Housing Conference, the Chicago Rehab Network, Neighborhood Reinvestment Corp., the Chicago Community Loan Fund, and the 1998 National Rural Housing Conference, among others. Mr. Pusateri has served as a housing development instructor for the University of Illinois’ Urban Developer’s Program since the fall of 1998.
In mid-1995 Mr. Pusateri established Pusateri Development Associates, Inc. (Since re-formed as Pusateri Development LLC) as an affordable housing development and consulting firm. Pusateri Development has assisted non-profit and for-profit developers in the creation of over 1000 housing units at a value of roughly $70 million. His work has been recognized by the Federal Home Loan Bank at the national level, as the Chicago Non-Profit Development of the Year by the Local Initiatives Support Corporation (LISC), and has received several Good Neighbor Awards by the Chicago Board of Realtors.
A graduate of Northwestern University, Mr. Pusateri lives in LaGrange with his family and travels extensively throughout the Midwest to work with communities large and small.
Jessica H. Berzac, Vice President of Acquisitions and Development
Jessica is responsible for the daily management and coordination of Daveri’s development projects. She specializes in creating community partnerships with service providers and non-profit organizations. Prior to joining the Daveri Team, she worked for the Illinois Housing Development Authority from 2002 through 2006 as a Multifamily Loan Officer. There, she managed projects with many financing layers, including tax-exempt bonds, taxable bonds, HUD’s HOME Program, State Housing Trust Fund, and both the federal Sec. 42 Low Income Housing Tax Credits and State Donation Tax Credits program.
Jessica is the daily contact for groups just getting started with new affordable housing initiatives, and provides community linkages and partnerships for those interested in getting started with Daveri. She facilitates the coordination with market rate finance institutions, city government (TIF Financing, zoning ordinances, public housing), grant programs, rental subsidies and LIHTC syndicators. Ms. Berzac is well versed in all types of projects, including family, rent-to-own, Supportive Living Facilities (Dept. of Public Aid), homeless housing, special needs, independent elderly housing.
After receiving a B.A. in Theatre Arts from Kalamazoo College, Ms. Berzac went on to found a Chicago based community arts 501(c)(3) organization for which she served as Executive Director for five years. She has produced and established many community outreach projects in Chicago’s Uptown, Edgewater and Andersonville neighborhoods. She lives in Chicago’s Albany Park with her family and is active on several non-profit Boards and community organizations.