An 88-unit, LGBTQ-friendly housing development would be built in Logan Square through financial assistance proposed to City Council today by Mayor Rahm Emanuel.

Planned for the northeast corner of Milwaukee and Campbell Avenues by the non-profit Metropolitan Housing Development Corp., the $23.6 million John Pennycuff Memorial Apartments would include a mix of studio, one- and two-bedroom affordable apartments targeted towards LGBTQ tenants.

Forty-one of the units in the triangular, seven-story building would be offered to residents with incomes up to 60 percent of area median income and the remainder would be leased to Chicago Housing Authority (CHA) tenants. On-site amenities would include a community room, laundry facilities, management offices, an outdoor patio, and ground-floor commercial space.

City support would include up to $16 million in Multi-Family Housing Revenue Bonds for construction financing and $564,000 in Low Income Housing Tax Credits that would generate $5.7 million in equity for the project. Additional funding would include $12 million in capital funds from the CHA and a private mortgage loan.

Designed by CSA Partners LTD, the brick and fiber cement-clad building would be named for LGBTQ rights activist John Pennycuff, who died in 2012.

Another City-supported LGBTQ-friendly housing complex, Town Hall Apartments, opened in Lake View in 2014.

# # #