Home First Assembles 25-Site Development to Protect Affordable Housing in Logan Square
Access Housing
Home First developed 54 community-integrated apartments across 25 sites in Chicago’s Logan Square neighborhood. Home First assembled LIHTC equity, grants, and loans to develop 25 two-, three-, and four-flat buildings for people with disabilities. The Energy Star Certified project combined new construction and rehabilitation on foreclosed, vacant, or underutilized sites. The project provides long-term affordability in a rapidly gentrifying community.
- Location: Chicago
- Completed: February 2017
- Project Type: Supportive Housing
- Total Development Cost: $19.8 million
- Total Units: 54 Rehab & New Construction Units
- IFF Role: Lender, Developer & Owner
- Partnerships: Illinois Housing Development Authority, PNC Bank, Chicago Housing Authority Federal Home Loan Bank of Chicago, Access Living, Harry & Jeannette Weinberg Foundation, Illinois Department of Human Services, IFF