"These new developments further extend our community redevelopment efforts by providing quality, affordable housing and rehabilitating abandoned properties by returning them to responsible private ownership," says Mayor Richard M. Daley.

The city will issue up to $7.5 million in tax-exempt bonds and $3.1 million in HOME funds to build a five-story, 59-unit building on city-owned land at 535 W. North Ave. Located on the southern edge of the upscale Lincoln Park community, the North Larrabee Limited Partnership project will house residents of mixed incomes, including 18 units set aside for residents from the Chicago Housing Authority's Cabrini-Green housing project, which is being torn down. The building will offer off-street parking, commercial space, laundry and community rooms and a social service office.

The Resurrection Project will get $6.5 million to buy and rehab five vacant buildings in the Pilsen and Back of the Yards neighborhoods into 83 multifamily and one commercial unit. Rents at Casa Puebla will range from $204 for a studio to $300 for a four-bedroom unit. Subsidies from the Chicago Low-Income Housing Trust Fund will make the units affordable for a family of four with a yearly income of less than $20,350.

One exciting aspect of the $16-million project is the rehabilitation of an old 100,000-sf print supply warehouse at 2000-24 S. Racine Ave. into a 52-unit courtyard apartment building. Resurrection Project rental housing development manager Dan Alexander says the structure will be reduced to 60,000 sf. "It will be renovated and turned into a beautiful building," Alexander says. "It's going to be an asset to the community again."

Resurrection Project will rehab 12 units at 1640-50 S. Throop St., six units at 1313 W. 19th St. and three units 1427 W. Cullerton, all Pilsen apartment buildings. It also will build a 10-unit apartment building with a community service office at 4600-02 and 4606 S. Wood St., in the Back of the Yards neighborhood, with parking at 4529-31 S. Wood St.

Wheeler House Limited Partnership will get more than $4.5 million in loans and more than $500,000 in low-income housing tax credits to help build a four-story, 89-unit building in the Englewood community for affordable housing for seniors. The $10.4-million Wheeler House Apartments at 1420-58 W. 68th St. will consist of 12 studios and 77 one-bedroom units with space for social service programs.

Mayfair Development Inc. will get $4.2 million in CBDG funds and $600,000 in tax credits to rehab a three-story courtyard building at 4832 S. Vincennes Ave. The 67-unit Mayfair Apartments will include one-, two-, three- and four-bedroom apartments with about 20 units set aside to households paying subsidized rents ranging from $285 to $440 per month.