Through financial measures passed by Mayor Brandon Johnson and the Chicago Department of Housing (DOH), the construction of a four-story, multi-family housing development in Chicago’s Humboldt Park neighborhood has been approved by Chicago’s City Council.

DOH will source funds for the project via a recently approved bond inducement ordinance for up to $25,000,000 in tax-exempt bonds.

Involving the construction of two sites on City-owned land in Humboldt Park, the development will include 52 units, ranging from one-to-three-bedrooms. 100% of the units are planned to be affordable, with the Area Median Income (AMI) ranging from 30 to 60%, and 11 will be accessible. Onsite parking is included, with 29 parking spaces in an enclosed garage with a loading area.

Also incorporated are common areas with free Wi-Fi, bike storage, a package room, and a laundry facility on each residential floor. Building security will be provided through a controlled buzzer entry system, with additional cameras at entrances. Neighborhood Housing Services (NHS) is set to operate the community space and offer homeownership programs and education.

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