[ChiPlanner]

Affordable housing developer tapped for East Garfield Park project

An affordable housing developer is planning a mixed-use project with 77 rental units in East Garfield Park after winning an international competition to design an environmentally friendly development for the West Side neighborhood.

Dubbed Garfield Green, the plan from the Boston-based nonprofit contemplates a pair of three-story buildings on 1.5 acres with 32 rental units offered at affordable rates and 31 as cooperative housing units, which allow tenants to build equity in their properties. The project is slated for 9,000 square feet of retail, 20,000 square feet of public open space and a 12,000-square-foot public plaza, according to a city statement...

POAH is slated to buy the land from the city for $600,000, though it could receive some forms of public assistance, such as low-income housing tax credits or help from Chicago's Low Income Housing Trust Fund...

Perkins & Will designed POAH's planned buildings, which would add to its track record of investing in underserved Chicago neighborhoods.

https://www.chicagobusiness.com/comm...d-park-project