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MegadealsSubsidy 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
Source of Data:
(click here)
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.