Developers Receive Financing for Ogden Commons Phase II
Ogden Commons, a $200 million masterplan that will bring new homes, shops, and health services to North Lawndale, is moving forward with its second phase. The Habitat Company, along with Sinai Health System, Alecko Capital, and the City of Chicago, announced that they have secured financing for OC Living’s first phase, a 92-unit building with predominantly affordable apartments. The project is located in the city’s largest opportunity zone, which means it will benefit from tax incentives and attract more investment to the West Side.