The Chicago Community Development has approved funding for the redevelopment and renovation of multiple affordable housing buildings in Uptown. Dubbed the Heart of Uptown Apartments, or HUPA, the five building project is being led by a joint venture made up of the Preservation Of Affordable Housing (POAH) and Voice of the People Uptown.
With LBBA Architects working on the design, the project will revitalize the buildings at 4431 N Clifton Avenue, 927 W Wilson Avenue, 900 W Windsor Avenue, 847 W Sunnyside Avenue, and 4130 N Kenmore Avenue. All of these, with the exception of 4130 N Kenmore, sit within the Wilson Yard Tax Increment Financing Redevelopment Project Area from where its approved funding is coming from.
All of the buildings vary in age but revolve around the 100-year mark, already serving as affordable housing as well with their last renovation being around 15-years ago. In total there are 103-residential units within them made up of studios, one-, two-, and three-bedroom layouts ranging from 500 to 1,200 square-feet in size. All of these are affordable, capped at 80-percent of the Area Median Income (AMI).
The nearly $50 million project will; convert the Clifton and Wilson buildings to electric heating from gas, remove window units and install central air in multiple locations, install new high-efficiency plumbing, add lighting fixtures, install new roofs that are photovoltaic ready, install new doors and windows as needed, and provide facade repairs.
If funding allows, the project will also begin to swap gas ranges for electric and install some solar panels as well. In total the project was approved for $11.5 million in TIF money, with the rest coming from tax credit equity, private loans, and other grants. Work is set to commence January 2025 and be completed by the end of the same year.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Wonder how much it will cost per unit? $50 million divided by 103 equals: $485,437, a amount higher than most condo’s well for
I’m pleased to see the efficiency upgrades. This will help keep the buildings affordable.