Affordable Housing

Additional Funding And Timeline Announced For 547 W Oak Street In Near North Side

Additional financing has been approved for the residential development at 547 W Oak Street in the Near North Side. Located on the intersection with N Larrabee Street, the proposal is the first phase of redeveloping a long-term vacant lot owned by the Chicago Housing Authority (CHA). The project is being led by developer BDM-I LLC made up of Brinshore & The Michaels Development Corporation.

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Affordable Housing Project Begins Construction in Deerfield

Zion Woods, a project for affordable housing, has begun construction on a nine-acre parcel next to Zion Evangelical Lutheran Church in Deerfield. Initiated by the church over a decade ago, the development aims to address the increasing need for affordable housing in the area. The project, which saw its groundbreaking ceremony recently, is expected to be ready for occupancy by mid-2025.

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