Subsidy Tracker Individual Entry

Company: 
Park Boulevard LLC
Parent Company: 
Subsidy Source: 
local
Location: 
Illinois
City: 
Chicago
County: 
Cook
Address: 
3500 S State St
Project Description: 

The project includes the redevelopment of Stateway Gardens as a mixed-income community to be called Parkway Boulevard. The Redevelopment Agreement calls for the construction of 1,316 units. Of the 1,316 total units, 679 are for-sale units (443 market rate and 236 affordable) and 637 are rental units (439 public housing and 198 affordable rental units). 880 units will be located on the Stateway Gardens site within the 35th/State Tax Increment Financing Redevelopment Project Area. The other 436 units are "off-site" and are located within the Bronzeville TIF District

Year: 
2017
Subsidy Value: 
$8,390,000
Program Name: 
Chicago: Tax Increment Financing
Awarding Agency: 
Chicago Department of Housing and Economic Development
Type of Subsidy: 
tax increment financing
Capital Investment: 
$70,612,816
Notes: 

Subsidy is issued for 35th/State TIF district. Year is year credit approved. Capital investment is total project cost.

Source Notes: 
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