Affordable Housing Along the 606 Trail to Keep Working Families in Humboldt Park
(April 20, 2017) Latin Community Housing Association (LUCHA) is set to break ground on the first of two buildings that will eventually result in 12 affordable rental buildings scattered within a mile of The 606 and across the 1st, 26th and 35st Wards. When complete in 2018, the development called "Tierra Linda" will add a total of 45 new apartments to the affordable housing stock in Humboldt Park.
“As part of my promise to maintain the character of Humboldt Park and keep working families in my ward, I worked with LUCHA and housing activists to see this project come to fruition,” explained Alderman Roberto Maldonado. “I have known LUCHA for more than 25 years and I have seen the tremendous quality they have produced and now manage.”
“I’m proud that "Tierra Linda" buildings will blend into the character of the neighborhood and convert empty lots to stable homes for generations. LUCHA’s ability to build eco-friendly buildings that promote social-cohesion has proven to be very beneficial to my constituents along with other Chicago neighborhoods.”
Maldonado further explained, “When these new apartments are added to the 48 just built at “Borinqueneers” Veterans Housing, this results in 93 new, “green” apartments that will keep rents throughout Humboldt Park within reach of modest budgets.”
Construction on the first rental building in the 26th Ward will start in June by building on the empty lot at 1757 N. Drake Avenue. Completion is expected by the end of this year.
Construction on the next rental building in the ward is slated for 2018 at 1749-51 N. Drake.
Individuals making $26,950 and families making 50 percent of the Average Median Income (between $30,800 and $41,550 for a family of 5) will be eligible to apply for the new apartments. Monthly rental rates range from $605 for a 1-bedroom, $735 for a 2-bedroom, and $850 for a 3-bedroom apartment.
Architect's Rendering of 2 Tierra Linda Buildings