Avondale Housing Complex For Disabled Gets $1 Million in TIF Funding
See the DNAinfo article here
By Darryl Holliday | September 15, 2014 9:50am
AVONDALE — A new housing complex for people with disabilities is coming to Avondale.
The 32-unit, four-story building will be constructed on an empty lot at 3060 N. Milwaukee Ave., according to an announcement from Mayor Rahm Emanuel’s office. The facility will cater to people with mobility and sensory impairments and be managed by Full Circle Communities Inc.
It also will receive $1 million in tax increment financing or TIF funds from the city.
Residents earning up to 60 percent of area median income will occupy the mix of one and two bedroom apartments, according to the mayor’s office.
The $9.7 million project will feature an ADA-accessible garden with raised beds and paved surfaces. There will also be health and wellness workers on-site to help improve tenants’ independent living.
Full Circle Communities is a Northbrook-based non-profit that buys up and rehabs buildings with the goal of “developing, preserving, and managing quality housing, and providing additional services and educational services to the residents of such housing.”
Their focus is providing affordable housing to different communities.
Additional funding for the Avondale supportive housing complex will be provided by the Illinois Housing Development Authority, a state grant and developer equity.