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Chicago City Wire

Thursday, November 21, 2024

Mixed-affordable housing site to be built in Humboldt Park

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Lissette Castañeda DOH commissioner | City of Chicago Website

Lissette Castañeda DOH commissioner | City of Chicago Website

Up to $8.7 million in multi-family loan funds will soon finance the new construction of a mixed affordable housing site in Humboldt Park. Developed by Hispanic Housing, the new six-story building is planned to provide a total of 40 multi-family housing units for a minimum of 30 years. The units will be at or below 65% of the Area Median Income (AMI) and will be located in Humboldt Park. In total, the project is expected to cost $30 million.

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