City Announces Logan Square Affordable Housing Project

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

The Chicago Housing Authority joined Ald. Proco “Joe” Moreno (1st) and leaders of Chicago’s LGBTQ community to break ground on the John Pennycuff Memorial Apartments. The new building will bring 88 units of affordable housing to the Logan Square community. Developed by the non-profit Metropolitan Housing Development Corp., and designed by CSA Partners and located at 2031 N. Milwaukee Avenue in the heart of Logan Square, the seven-story building will include 41 affordable apartments and 47 CHA project-based units.  Pennycuff Apartments will include amenities such as a community room, an outdoor picnic area and a furnished lobby. There will also be 2,500 square feet of commercial space on the first floor. The new apartment building is named for prominent longtime LGBTQ activist John Pennycuff, a member of the Chicago Gay and Lesbian Hall of Fame. City support will include up to $16 million in Multi-Family Housing Revenue Bonds for construction financing and Low-Income Housing Tax Credits that will generate $5.7 million in equity for the project. Additional funding will include $13 million in loans from the CHA.

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