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Chicago City Wire

Thursday, November 21, 2024

Senior Suites Apartments receive approval for loan modifications across four locations

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Lissette Castañeda DOH commissioner | City of Chicago Website

Lissette Castañeda DOH commissioner | City of Chicago Website

Four Senior Suites Apartments locations received approval to modify their mortgage loans following a vote by Chicago’s City Council. The properties are Senior Suites of Hegewisch, Senior Suites of Jefferson Park, Senior Suites of West Humboldt Park, and Senior Suites of South Shore.

The ordinance will allow the Senior Suites of Hegewisch, Jefferson Park, and West Humboldt Park to preserve 84, 81, and 88 units—respectively—for seniors at or below 60% of the Area Median Income (AMI) until at least 2034. The ordinance will also allow the Senior Suites of South Shore to preserve 96 units for seniors at or below 60% AMI until at least 2034.

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