Subsidy Tracker Individual Entry

Company: 
Bickerdike Redevelopment Corp
Parent Company: 
Subsidy Source: 
local
Location: 
Illinois
City: 
Chicago
Address: 
549 N Drake Av
Project Description: 

Nelson Mandela Apartments will be located in the 27th ward and will consist of new construction of 72-units of affordable rental housing on eight sites in the West Humboldt Park neighborhood. The buildings, will be a combination of three-flats and six-flats that will contain a mix of one-, two- and three-bedroom units, all of which will be affordable to families earning 60% AMI and below. In addition to the apartments, the project will also offer off-street parking, bicycle storage, secured intercom entry systems, and common laundry facilities. The developer, Bickerdike, plans to achieve energy star certification.

Year: 
2015
Subsidy Value: 
$6,450,503
Program Name: 
Chicago: Tax Increment Financing
Awarding Agency: 
Chicago Department of Housing and Economic Development
Type of Subsidy: 
tax increment financing
Capital Investment: 
$27,062,606
Notes: 

Subsidy is issued for Chicago/ Central Park TIF district. Year is year credit approved. Capital investment is total project cost.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.