The City of Chicago, along with the Department of Housing, has announced a major investment in the preservation and construction of affordable housing across the city. Revealed earlier this week, the funding will go to 15 different projects, which also include market-rate housing. This comes as the mayor has ousted the head of the CHA board due to a dispute over its CEO.
The Chicago Community Development Commission has approved TIF funds for the mixed-use development known as Hub 32 in East Garfield Park. Located at 132 North Kedzie Avenue, the project was part of a three-lot RFQ issued by the city a few years ago. The project also saw design updates late last year as it continues to move through the approval process.
Initial plans have been revealed for a new affordable residential development at 3251 West Division Street in Humboldt Park. Located at the intersection with North Spaulding Avenue, the project would replace a vacant lot just west of the neighborhood’s namesake park. The details were presented this past week at a local community meeting.
Initial details have been revealed for the residential conversion of the former Loretto Academy School at 1435 East 65th Street in Woodlawn. Sitting on the corner of South Blackstone Avenue, the building has been vacant for several years and is located near the upcoming Obama Presidential Center. The project is being led by Greenline Communities and 5T Development Partners.
Developer The Hispanic Development Corporation (HHDC) has officially closed on financing for the redevelopment of the historic Pioneer Arcade in Humboldt Park. Along with the approval came an updated rendering for the project located at 1539 North Pulaski Road. HHDC is working with local architecture firm UrbanWorks on the design.
