The renovation of this vacant 2-building complex located in Chicago’s Washington Park community was a joint venture with the Faith Tabernacle Baptist Church. This revitalization project provides 24 units of affordable housing to targeted homeless families and families at risk of becoming homeless. The financing plan developed by CCDC consists of mortgages issued by LaSalle Bank and the City of Chicago and tax credits. The plan includes both a total physical renovation and a special social and supportive services program for project residents.
The Project was selected by the Chicago Board of Realtors for its 1995 “Good Neighbor” Award for multifamily rental properties.