Jun 9, 2010
With the housing crisis still growing, Bickerdike Redevelopment Corporation is celebrating the opening of Rosa Parks Apartments in Humboldt Park – while other affordable housing initiatives, including the Zapata Apartments and an ordinance to provide TIF funding citywide, gain momentum.
Governor Quinn will join elected officials and community leaders at an opening ceremony tomorrow (Thursday, June 10) at 10 a.m. at 541 N. Homan.
Comprising eight new buildings sited on long-vacant lots in the vicinity of Homan and Ohio, the Rosa Parks Apartments contain 94 units of one- to four-bedroom rental apartments and will be affordable to residents making below 50 percent of area median income, with Chicago Low Income Housing Trust Fund support for very-low income tenants.
It’s Bickerdike’s first comprehensively-designed green development, with solar panels, geothermal heating and cooling, and green roofs, among other features.
The $27 million project received $3.5 million in TIF funds and has been cited by the Sweet Home Chicago Coalition in support of an ordinance that would dedicate 20 percent of TIF funds to affordable housing (see last year’s Newstip). Support among aldermen is steadily growing and approaching enough votes to pass the ordinance, said Luis Padial of Bickerdike.
Padial also said that supporters yesterday delivered over 3,100 signatures in support of the Zapata Apartments, a joint project of Bickerdike and the Logan Square Neighborhood Association (see Newstips), which has met vocal opposition from some condo owners.
He said Ald. Robert Maldonado (26th Ward) and Rey Colon (35th) both support the project, and they expect to win zoning changes in the City Council this summer. “We hope to close on the deal by the end of this year and begin construction next year,” Padial said. Legal challenges to the project should be resolved in the next few months, he said.