Additional financing has been approved for the affordable housing development at 2136 S Ashland Avenue in the Lower West Side. Set to replace a vacant lot across the street from Benito Juarez High School, the project has received approval from the Community Development Commission for $23 million in TIF funds. Developer The Resurrection Project is behind the project dubbed Casa Yucatan.
The Chicago Plan Commission has approved the initial phase of the Legends South development at 4520 S State Street in Grand Boulevard. Located on the southwest corner of the intersection with W 45th Street, the project received initial approval for its TIF funding earlier this summer which YIMBY covered here.
Additional funding has been announced for the residential phase of the LeClaire Courts redevelopment at 4458 S Cicero Avenue in Garfield Ridge. Earlier this month we covered the project’s initial financing deal of $5.5 million in TIF, it has now received a large capital loan from the Chicago Housing Authority (CHA).
Foundation work is done, and the concrete core has started to rise, for the new affordable housing development at 835 West Addison Street in Lake View. Lakeview Landing is going to be a six-story, 37-unit building located just two blocks from Wrigley Field and the Addison Red Line platform.
Initial financing has been approved for the second-phase of the LeClaire Courts redevelopment at 4458 S Cicero Avenue in Garfield Ridge. The approval came from the Community Development Commission who granted the project $5.5 million in Tax Increment Financing (TIF). The multi-phase proposal is being led by developers The Habitat Company and Cabrera Capital Partners, with SCB working on its design.
