Apr
15

Construction Watch: Humboldt Park Senior Housing Sprouts Over the Winter

April 15, 2014

The new affordable senior housing development located at the long vacant southeast corner of North Avenue and Pulaski Road intersection is making way. Simply called the North and Pulaski Seniors Housing, the $24 million five story development will host 68 rental units reserved for seniors aged 55 years old and up earning up to 80 percent of the area median along with 12 condo units for sale. Developer Hispanic Housing Development Corporation received $4 million in TIF money, $1 million in Low Income Housing Tax credits and a $3.5 million loan from the city to help get the project off the ground. Once completed, the development will contain a mix of one and two bedroom units, an exercise room and management offices.

· North and Pulaski [Hispanic Housing Development Corporation]
· U.S. Bank, Hispanic Housing Propose $19M Seniors Housing [National Real Estate Developer]

The final rendering of the building. Rendering via the North Avenue Pulaski Road Facebook page

 

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