The Chicago City Council has approved city financing for an affordable housing development located at 2008 S Ashland Avenue in Pilsen. Located on an infill site, the property sits midblock between W Cullerton Street and W 21st Street, fronting S Ashland Avenue. The Resurrection Project is the developer behind the project.
Designed by DesignBridge, the new construction will consist of a mixed-use, affordable housing development. Rising three floors, it will hold 16 residential units with ground-floor community space for residents. Apartments will consist of one-, two-, and three-bedroom residences. Units will be made available to those making up to 60 percent of the Area Median Income. Six parking spaces will be provided with bike storage also available.
The project will use funding from multiple sources including recently approved city financing. The city support includes nine percent Low-Income Housing Tax Credits and multi-family loan funds.
The project was approved by the Chicago City Council in December 2020, with this approval from the council being specifically for city funding. The Resurrection Project plans to break ground in September. Permits for the new construction have been filed, but have yet to be issued.