City Allocates $75 Million In Bond Funds To Market Rate Housing Initiative On South And West Sides

Lizzie Kane, Chicago Tribune: Business
Tue, 10/01/2024 - 3:00am

Chicago’s Department of Planning and Development is launching a $75 million program to build “missing middle housing” in neighborhoods on the South and West sides in an effort to provide lower-cost, owner-occupied for-sale housing options and repopulate communities after a decadeslong population decline, the department announced Tuesday. The program — officially called the Missing Middle Infill Housing Initiative after originally being named “Come Home Chicago” — will start in North Lawndale with 44 vacant, city-owned lots being offered to developers to purchase for $1 each.

Topics: missing middle infill housing initiative come home chicago developers nov mayor brandon johnson s care manor west garfield park prairie district near south side it s ciere boatright for s trumbull ave august u.s census bureau u.s department urban chicago architecture center january but s avers ave sept ward s monique scott mayor lori lightfoot s invest south/west englewood auburn gresham scott black kids chicago tribune s a.d quig alice yin jake sheridan chicago s department planning development south west housing north lawndale city council johnson johnson april boatright boatright for the missing middle initiative a chicago s eileen t meslar/chicago tribune tribune s market rate bond funds million in bond program lots vacant guide construction homes receive costs single-family projects community year purchase price provide zoning units announced money residential start goal residents spokesperson departments project neighborhoods land economic build needed issues competition due corridor density rental decline six-flat billion repopulate three-flat design designs properties winner building select sales originally calling commercial lot income median states population current expected environmental funding delayed

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City Allocates $75 Million In Bond Funds To Market Rate Housing Initiative On South And West Sides

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