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MegadealsSubsidy Tracker Individual Entry
Company: Perlmark Realty Corporation
Parent Company:
Subsidy Source: local
Location: Illinois
City: Chicago
Address: 5001 W 47th St
Project Description: The building will contain 89 one-bedroom and six (6) two-bedroom apartments. 85 of these units will be affordable units at or below 60% of AMI &10 market-rate units. The facility will have 24-hour on-site management, versatile community rooms, lounges, a warming kitchen, library, TV/media room & laundry. Support services will include planned monthly activities, wellness and health fairs, coordination of support services, grocery delivery, pharmacy delivery and an optional meal plan. There will be open surface parking spaces for thirty-two (32) cars and one loading space at the rear of building.
Year: 2015
Subsidy Value: $2,600,000
Program Name: Chicago: Tax Increment Financing
Awarding Agency: Chicago Department of Housing and Economic Development
Type of Subsidy: tax increment financing
Capital Investment: $20,729,715
Source of Data:
(click here)
Notes: Subsidy is issued for Ciero/Archer 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.