Subsidy Tracker Individual Entry
Company:
Bickerdike Redevelopment Corp
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:
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