To facilitate the creation and preservation of affordable housing through the construction or rehabilitation of housing for low to moderate-income households.
Turnstone Development Corporation is a not-for-profit 501(c)(3) real estate development corporation specializing in the construction and preservation of affordable housing. Since 1998, Turnstone Development has developed over 1,680 affordable housing units leveraging over $257 million in private and public investment capital sources. These sources include Low Income Housing Tax Credit (LIHTC), equity from the Illinois Housing Development Authority (IHDA), American Reinvestment and Recovery Act Stimulus funds (ARRA), traditional banking and lending institutions’ loans and grants from Federal Home Loan Bank (FHLB) and the Department of Commerce and Economic Development (DCEO).
Mr. Schneider has over 22 years of experience in the public and private sector real estate development industry including construction and project management, financial integration and capital budgeting experience. Since joining Turnstone Development in 2008, Mr. Schneider has served as the project lead for the development of 800 units of affordable housing, on time and on budget. He has been a member of the Illinois Economic Development Board, the Illinois Rural Bond Bank and the Federal Home Loan Bank of Chicago Housing Advisory Council. He has worked closely with a variety of municipalities to develop housing and other community buildings including libraries and police stations. Mr. Schneider has a bachelor’s degree in Finance from DePaul University, Chicago, Illinois.
Ms. Weimer is a senior real estate executive with nearly 25 years of strategic oversight and hands-on management of complex, multi-million dollar, financing, acquisition and divestiture of income-producing retail, office and multi-family properties in the private market as well as government subsidized multi-family housing and property management. She sits on the Board for the South Suburban Alliance to End Homelessness. Ms. Wiemer is actively involved in the pre and post development phases of Turnstone’s projects including lease-up, asset management, and property management oversight.
Alicia Rodman McCray