Garfield Green would put 81 affordable — and sustainable — apartments on the West Side
A nonprofit developer has submitted plans for affordable housing on the West Side in a dual effort at community renewal and environmental awareness.
Preservation of Affordable Housing has proposed two buildings at Kedzie and Fifth avenues in the Garfield Park area that would contain 81 apartments and space for small retailers. The vacant property is city-owned and the $25 million proposal is part of an international competition encouraging sustainable design in metro areas.
Hawthorne owners finalize plans for apartment renovations
Hawthorne Place Apartments in northeast Independence could see the start of $30 million in renovations – all 745 units – as early as this week.
Preservation of Affordable Housing, which owns the complex, finalized a financing deal earlier this month. Planning has been underway for nearly two years.
Hawthorne has more than 1,700 residents among its 29 buildings.
POAH President/CEO Aaron Gornstein said, and the project will be finished by the end of 2022.
Mashpee ZBA Approves 950 Falmouth Road Affordable Housing Project
The Mashpee Zoning Board of Appeals voted unanimously on Tuesday last week, February 2, to approve a comprehensive permit for a 39-unit affordable housing development slated for construction at 950 Falmouth Road.
Case Study: The Loop at Mattapan Station
Originally published in the February 2021 Edition of Tax Credit Advisor by Mark Fogarty
Income averaging has achieved tax credit eligibility for all 135 units, including work-force housing units at up to 80 percent of area median income (AMI), at a development set to rise from a Boston trolley parking lot.
POAH extends affordability on Woodlawn multi-unit
The nonprofit Preservation of Affordable Housing (POAH) announced last week that it had extended the affordable housing contract on a multi-unit apartment building in East Woodlawn, near the planned site of the Obama Presidential Center (OPC).
The Father Martin Farrell House, 1415 E. 65th St., contains 59 units of housing for seniors and people with disabilities. Continued here
Affordable-housing nonprofit buys Uptown, Bridgeport properties
Originally published in Crain's Chicago Business
Preservation of Affordable Housing, a non-profit apartment investor, has acquired 247 apartments in Uptown and Bridgeport, expanding its portfolio beyond 2,000 units.
Closed South Chicago YMCA Set For Revival With $26 Million Renovation Of Senior Apartments, Community Center
SOUTH CHICAGO — State and city funding will support massive overhauls to senior housing and the development of a community center at the former South Chicago YMCA, while ensuring the apartments remain affordable.
The $26 million project at 3039 E. 91st St. will renovate 101 senior apartments, bring energy-efficient heating and cooling systems for the building, and add a new roof and landscaping improvements.
Chicago City Council approves new measures to create more than 200 units of affordable housing
CHICAGO – City Council today approved new measures introduced by Mayor Lori E. Lightfoot and the Department of Housing (DOH) to create two affordable rental housing developments for seniors, families, and low-income residents across the City. Through direct financial measures, these developments will create and preserve more than 200 units of affordable housing, helping address a shortage of units in communities across the city. Continued here
East Garfield Park mixed-use project gets federal tax credits
Garfield Green, a mixed-use, mixed-income project slated for two vacant lots at 201 S. Kedzie Ave., received federal tax credits on March 30, which provided the project with enough funding to move forward. Continued here
Chicago Awards $13.2 Million in Housing Tax Credits
Garfield Green Apartments is one of 11 developments that received housing tax credit allocations from the Chicago Department of Housing in March.
Chicago is advancing nearly $400 million in affordable housing developments through its improved, more targeted, and transparent low-income housing tax credit (LIHTC) allocation process, Mayor Lori E. Lightfoot announced at the end of March.
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