Affordable Housing

Details Revealed On Renovation Of Affordable Property At 6430 S Stony Island Drive In Woodlawn

7:30 am on February 21, 2022 By Ian Achong

New details have been revealed on the sale and renovation of an affordable housing project at 6430 S Stony Island Drive in Woodlawn. Located just north of the intersection with E 65th Street, the 1969-built structure was recently purchased by the Preservation Of Affordable Housing (POAH) for over $29 million from PNC Bank who has owned the property since 2015. The renovation gives residents a sigh of relief as the area directly across the street from the future Obama Presidential Center grapples with rising cost.

Aerial View of Garfield Green Development. Rendering by Perkins + Will and Nia Architects

Community Development Commission Approves Mixed-Use Development At 201 S Kedzie Avenue In East Garfield Park

7:30 am on February 20, 2022 By Ian Achong

The Community Development Commission has approved the land sale and Tax Increment Financing (TIF) funds for the affordable mixed-use development at 201 S Kedzie Avenue in East Garfield Park. Going by the name ‘Garfield Green’, the two-site project located on the intersection with S Fifth Avenue recently received approval from both the plan commission and city council. Developer Preservation of Affordable Housing won the C40 Reinventing Cities competition in 2018 with structures designed by Perkins + Will and Nia Architects

TIF Approved For Affordable Development At 1805 N Hamlin Avenue In Logan Square

7:45 am on February 17, 2022 By Ian Achong

The Community Development Commission has approved Tax Increment Financing (TIF) funds for a new residential development at 1805 N Hamlin Avenue in Logan Square. Dubbed ‘Encuentro Square’ or meet-up square, is being developed by the Latin United Community Housing Association (LUCHA) with Canopy Architecture and Site Design Group serving as the designers for the multi-building project that was announced last year.

City Celebrates Two Years Of Invest South/West

7:45 am on February 12, 2022 By Ian Achong

The City of Chicago and Mayor Lori Lightfoot are celebrating two years of the Invest South/West initiative across the city. The program launched in 2019 with $750 million in public funding for projects across 12 commercial corridors in 10 south- and west-side communities aimed at creating jobs, improving safety, and providing housing options. With many winners announced in the last two years, the projects have also spurred plenty of private developments in areas being reinvigorated by the program.

TIF Money Approved For Barbara Jean Wright Apartments Renovation In Near West Side

7:30 am on February 11, 2022 By Ian Achong

The Chicago Community Development Commission has approved the funding for an extensive renovation of the Barbara Jean Wright Apartments located at 1354 S Morgan Street in the Near West Side. The existing development is bound by W Maxwell Street to the north, S Morgan Street to the east, and W 14th Place to the south, along with two other housing projects to the west. Developer Jonathan Rose Companies is heading the effort who has managed over $1.8 billion in properties and recently broke into the Chicago market.

City Council Approves Affordable Housing Project In North Lawndale

7:45 am on February 8, 2022 By Ian Achong

The Chicago City Council has approved an affordable mixed-use development at 3401 W Ogden Avenue in North Lawndale. Located on the southwest corner with S Homan Avenue, the new building replaces an existing flat parking lot used by the nearby police station. Dubbed ‘Grace Manor’ the project is the product of a developer venture between East Lake Management and Jerusalem CDC with local architecture firm JGMA as the designer.

Zoning Approved For Garfield Green Development In East Garfield Park

7:30 am on January 10, 2022 By Ian Achong

The Chicago City Council has approved the rezoning of a mixed-used development at 201 S Kedzie Avenue in East Garfield Park. The project dubbed ‘Garfield Green’ recently received its Plan Commission approval and will be located across two empty lots on the corner with S Fifth Avenue and split into two phases. Developer Preservation of Affordable Housing worked with Perkins + Will as well as Nia Architects on the design which takes height cues from the adjacent Marshall Metro High School.

Updated Details Revealed For SRO Project At 3150 N Racine Avenue In Lakeview

7:30 am on January 2, 2022 By Ian Achong

Updated details have been revealed for a new residential expansion to an existing building at 3150 N Racine Avenue in Lakeview. Located on the southwest corner with W Belmont Avenue, the existing building is owned and operated by Mercy Housing as supportive apartments. Developer Belray Limited has tapped local designer Landon Bone Baker for the expansion to the affordable housing project that will replace the adjoining parking lot with added units.

Plans Unveiled For New Mega-Development In Woodlawn

7:45 am on January 1, 2022 By Ian Achong

To ring in the new year, plans for a new mega-development have been revealed for the parking lots surrounding the Apostolic Church of God in Woodlawn. Dubbed ‘Woodlawn Central’ the project would redevelop eight parcels of vacant land and parking lots into 1.25 million square feet of mixed-use space focused on benefiting the area. The large team includes the church, The University of Chicago, the Preservation of Affordable Housing, Citibank, AECOM as well as SOM and Gensler on the design side.

City Announces Winners Of We Rise Together Grant

7:30 am on December 29, 2021 By Ian Achong

The seven winners of the We Rise Together grant have been announced across the south and west sides in predominantly Black and Latino communities. The $6.7 million grant is the result of a program from the Chicago Community Trust that began in 2020 as the pandemic disproportionately affected communities of color and is aimed at assisting the areas recover. Learning from the recession, the winners range from small businesses to new construction representing the resilience of all Chicago’s neighborhoods.

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