X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-One part of the long, sometimes contentious, process of decentralizing mass public housing projects in Chicago is an effort currently under way to select 79 CHA families who will be a partof the $65 million mixed-income residential community at 1401 N. HalstedSt., just west of Chicago’s Old Town neighborhood. Phase I of construction at North Town Village, as the project is called, is well under way.

The recent signing of the Cabrini Consent Decree clears the way for alottery of current and former CHA residents, from which 700 will bedrawn to apply for CHA replacement housing and 270 for tax credit units.”That process is unfolding,” says Dave Holsten, co-developer of North TownVillage. “Then we will be given the names on the lottery list to interviewfor residency in our apartments.”

In addition to the 79 CHA families who will occupy residences at North TownVillage, the consent decree gives preference to Cabrini-Green relocates forthe 39 affordable rate units. Selection of the CHA families will beginas soon as the lottery process has been completed.

The Resident Transition Plan of North Town Village provides transitioningsupport to all residents to ensure that each inhabitant of the seven-acremixed-income community is properly acclimated. Aside from the ResidentTransition Plan, other efforts include plans for work force development andcommunity building.

The Kenard/Holsten housing plan for North Town Village calls for 50% of the housing to be market-rate units, and 20% to beaffordable-rental and affordable for-sale units for families earning up to120% of the area median income. The balance of the units will bepublic housing replacement units dispersed throughout the development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.