Chicago Construction News staff writer
The Chicago Department of Housing (DOH) has unveiled the first two developments receiving funding from the recently established Housing Equity Development (HED) bond, part of a $230 million commitment for the construction and preservation of affordable rental homes.
The first project, CARE Manor, will be located at 4531 W Washington Blvd in West Garfield Park. New construction will feature a three-level walk-up building with a total of 44 units aimed at households earning at or below 60 percent of the Area Median Income (AMI). The development will also include on-site laundry facilities, 21 parking spaces, and 50% of the units will be accessible to individuals with physical disabilities. Total development costs are estimated at $31.6 million, with $9.6 million coming from HED funds.
The second development, Prairie District, is set for the Near South Side at 1801 S Wabash and involves the complete rehabilitation of a six-story single-room occupancy (SRO) building. This project will build 100 affordable rental units. Amenities will include a landscaped courtyard, an activity room, a fitness area, and laundry facilities, among others. The total anticipated cost for this project is $54.9 million, with $10.9 million sourced from the HED bond.
Both developments will serve as centers for support services. Prairie District is intended to function as Permanent Supportive Housing (PSH), offering residents access to resources such as career development, counseling, and computer skills training.
“We are so very proud of this development,” said commissioner Lissette Castañeda. “Ensuring that Chicagoans have equitable access to transit exists in tandem with our mission of providing safe, healthy housing.
“The $7.1 million in financial support for this project enhances our ability to increase housing options for victims of gender-based violence while ensuring affordability.”
