Funding has been fully approved for the next phase of the Lathrop Homes redevelopment at 2712 North Hoyne Avenue, near the boundary of Lincoln Park. Focusing on the southern portion of the historic housing complex, this phase builds on the success of previous efforts, which reimagined the structures north of West Diversey Parkway, the street that splits the complex in half.
Additional funding has been announced for the next phase of the Lathrop Homes redevelopment around 2712 N Hoyne Avenue. The money comes in the form of an enlarged TIF pool recently approved by the city, increasing the project’s TIF funds up to $60 million. This next phase will focus on the southern end of the former housing project.
Additional funding has been approved by the Chicago Community Development Commission for the next phase of the Lathrop Homes redevelopment around 2712 N Hoyne Avenue. Earlier this year we covered the project when it gained funding approval from the CHA, now an additional $25 million in TIF money is on its way towards full city approval.