Judy Lamelza
Special to Chicago Construction News
An affordable housing development at 1237 N. California Ave. in Chicago’s West Town neighborhood has secured partial funding approval, marking a significant step forward for this impactful project. Spearheaded by the Hispanic Housing Development Corporation and designed by DesignBridge, the development is set to replace a vacant lot with much-needed housing for working families and seniors.
Project overview:
Location: 1237 N California Avenue, West Town, Chicago
Developer: Hispanic Housing Development Corporation
Architect: DesignBridge
Total Investment: $44 million
Height: Six stories (approximately 60 feet)
Residential Units: 40 affordable rental apartments
Parking: 21 vehicle spaces (14 enclosed)
Targeted Demographic: Working families and seniors
The project’s total cost is estimated at $44 million, including the following funding:
- Multi-Family Program Funds: $8.7 million
- Senior Construction Loan: $13.3 million
- Senior Permanent Loan: $3.6 million
- IHDA HTF Loan: $2.98 million
- Seller Notes: $190,000
- ComEd Energy Grant: $175,000
- LIHTC Funding: $14.27 million
- Deferred Developer Fee: $775,000
Construction and Design Details
- Residential Lobby: Located on N. California Ave, the lobby will provide an inviting entrance for residents.
- Community Room: A spacious area designed for community activities and gatherings.
- Parking: Positioned at the rear of the building, the parking area will include 21 vehicle spaces, with 14 enclosed.
All units will be designated for individuals and families earning 80% or less of the Area Median Income (AMI).
The building will feature a distinctive angled front facade clad in a mix of red and gray brick,
This development aims to significantly benefit the West Town community by providing affordable housing options and enhancing the local infrastructure. With its innovative design and commitment to affordability, the project represents a crucial step in addressing housing needs in the area.
Judy Lamzela writes the DataBid.com blog.
