The Chicago Community Development has approved funding for the redevelopment and renovation of multiple affordable housing buildings in Uptown. Dubbed the Heart of Uptown Apartments, or HUPA, the five building project is being led by a joint venture made up of the Preservation Of Affordable Housing (POAH) and Voice of the People Uptown.
The Committee on Housing and Real Estate has approved the initial funding for the renovation of the Island Terrace Apartments building at 6430 S Stony Island Drive in Woodlawn. Located near the intersection with E 65th Street and a few blocks south of the future Obama Presidential Center, the tower will receive significant updates under its new owner. That owner being the Preservation Of Affordable Housing (POAH) who is working with an undisclosed architect on the project at the moment.
The Chicago Department of Planning and Development has revealed the finalist for their Woodlawn RFQ. Located predominantly at 935 E 63rd Street between S Ingleside Avenue on the west and S Greenwood Avenue on the east, the Request For Qualifications (RFQ) is made up of two currently vacant lots across the street from each other.
This past Friday it was announced that Jonathan Rose Companies and Preservation of Affordable Housing (POAH) acquired Jackson Park Terrace in Woodlawn. The $25 million purchase of Jackson Park Terrace guarantees over 300 affordable apartments in Woodlawn, located across the street from the future Obama Presidential Center.