Property
Multifamily Residential
City
Chicago
About This Project
- 3-story, 69-unit supportive housing gut rehab of occupied building in Chicago, IL.
- Completed in 2011.
- 2012 recipient of:
- Affordable Housing Finance Magazine Reader’s Choice Award – Preservation category
- The Polk Bros. Foundation Affordable Rental Housing Preservation Award
- Chicago Realtors Good Neighbor Award
- $15.1MM development budget with 9 layers of financing. Coupled with 850 Eastwood Apartments in a single $33MM City of Chicago bond issue, 4% low income housing tax credits and federal historic tax credits.
- Construction scope highlights include: new mechanical, electrical, plumbing & HVAC systems (previously no air conditioning); new elevator (previously none); new laundry facilities (previously none); new outdoor space for residents; restructuring of ground floor community space for efficiency; new kitchens, baths & flooring.
- Energy efficiency highlights include: new Energy Star roof, insulation at exterior walls & roof; high-efficiency HVAC; unit appliances & lighting.
- One of the first geothermal heating installations in Chicago within an existing and constricted urban footprint (as opposed to new construction). 10 wells, each at 650 feet deep.
- Involved temporary relocation of all tenants for 11+ months.
- Led development team while employed by Mercy Housing Lakefront.
