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.
Preservation of Affordable Housing
Plans have been submitted to the city for the C40 Garfield Green development at 201 S Kedzie Avenue in East Garfield Park. Located on two parcels at the intersection of S Kedzie Avenue and W Fifth Avenue, the adjacent sites will both be corner properties. The development will replace vacant city-owned property as the winning proposal of the C40 Reinventing Cities competition. Preservation of Affordable Housing is the developer behind the proposal.