April 10, 2019

TIF Will Enable 38-Unit Supportive Housing Development In Uptown

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A 38-unit supportive housing facility will be built in Uptown through $3.5 million Tax Increment Financing (TIF) assistance approved today by City Council.

Planned for the southwest corner of Sheridan Road and Leland Avenue by Sarah’s on Sheridan LLC, the $17.5 million project will be affordable for tenants earning up to 60 percent of area median income. Each unit will also receive a rental subsidy from the Chicago Housing Authority.

The six-story building will include dining and laundry facilities, a computer lab and on-site social service resources. The facility will also include a 50-bed interim housing shelter that will provide temporary housing, food, and other basic supportive services for people in need. 

 

 

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