Eight New Affordable Single-Family Homes Under the City Lots for Working Family Program to be Constructed in East Garfield Park
Eight new single-family below-market-rate homes will be built through the City Lots for Working Family (CL4WF) program in East Garfield Park through a new ordinance approved by City Council today. CL4WF was approved by City Council in November 2017 and provides vacant city-owned lots to developers of affordable single-family homes and two flats for $1 each to build new below-market-rate housing made available to qualified buyers with incomes up to 140% of the area median income (AMI). The ordinance authorizes the sale of eight parcels to the Joint Venture (JV) between Joudeh Investments LLC & MKB Business Strategies LLC. The homes would be placed into the Chicago Community Land Trust to ensure affordability.
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