Industry News

Chicago Build

24 Jun 2022

$75 million Announced for Affordable Housing Construction

Governor JB Pritzker and the Illinois Housing Development Authority (IHDA) Board announced $75 million in federal funds for affordable housing developments that may have otherwise not been built due to financial challenges brought on by the COVID-19 pandemic.

Funded through the COVID-19 Affordable Housing Grant Program (CAHGP), IHDA is providing grants to 19 affordable developments across Illinois:

  • Brinshore Development will turn a vacant lot into a new, six-story mid-rise apartment building 73 residential units for seniors.
  • Arthur Homes will create 32 units of affordable housing through a mix of duplexes, triplexes and quadplexes for local veterans, families and persons with disabilities.
  • The Village of Bellwood is donating the land to Evergreen Redevelopment LLC to construct an 80-unit, 4-story building for seniors.
  • The Housing Trust Group, LLC will construct a 40-unit affordable housing building on a vacant lot in Northwest Arlington Heights that will be built to National Green Building Standards.
  • 3 Diamond Development will build 60 units for LaSalle County seniors across ten new single-story townhouse buildings.
  • The City of Aurora is donating the former Lincoln Elementary School and Mary A. Todd School to Visionary Ventures to be redeveloped into 47 units of affordable housing.
  • UP Holdings will develop a 40 unit, fully furnished new construction building that will offer both on-site and off-site services through Hanover Township to allow for residents to live independently.
  • The Zion Development Corporation will add 54 units of affordable housing for those earning at-or-below 60% Area Median Income in McLean County.
  • Longwood Garden Apartments will rehabilitate the five-story Longwood Plaza Senior Apartments with 64 units and amenities for seniors.
  • Bear Development will construct 15 townhomes just east of CherryVale Mall in Winnebago County.
  • A new-construction development will provide 46 units of affordable housing for low-income seniors by the Lake County Housing Authority.
  • The Chicago Housing Authority (CHA) will donate land to Community Builders to construct two buildings providing 51 units.
  • Prairie View at Heyworth will build 30 single-family homes and six adaptable units developed  by Regional Housing Development, Inc.
  • Rolling Acres Apartments will create 56 units over 28 duplex homes across 10 acres. Budslick Investments will bring the development to Marion, Williamson County.
  • Shimer Square Phase 2 (Mount Carroll): The redevelopment of the former college campus will continue as the Rock Island Economic Growth Corporation will convert the former McKee, Hostetter and Dezendorf dormitories into 51 housing units.
  • The Grove Apartments will be a two-story, 30-unit rental residence providing family-sized two- and three-bedroom apartments for those earning at-or-below 60% Area Median Income for Ogle County.
  • The New Broadview will consist of the renovation of the former Broadview Hotel into 109 affordable apartments for seniors and veterans.
  • Christian Community Integrated Community Services (CCICS) will construct 24 new duplexes containing 48 units in Bloomington.
  • Wheeling Workforce Housing is a new-construction, multifamily property comprised of 53 units spread amongst 14 one-,12 two- and 27 three-bedroom units located along the Des Plaines River.

Find out more on Chicago Construction News.

 

                                                                                                                        

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