Heartland Housing Inc. will purchase and preserve a 32-unit affordable housing complex for persons living with HIV/AIDS under a regulatory agreement approved today by City Council.
The 22-year-old, supportive living facility at 1251 S. Sawyer Ave. in North Lawndale provides on-site case management, medical assistance, and other services to persons living with HIV/AIDS, as well as formerly homeless individuals. Known as Phoenix House, the property will be acquired from AIDSCARE III LP for $3.1 million.
As part of the agreement, Heartland will maintain the property as affordable housing for residents earning up to 60 percent of area median income. The agreement requires City Council approval because the facility’s development was partly financed using a $1.3 million multi-family loan from the Department of Housing. Heartland will assume the outstanding debt on the loan.
Founded in 1988, Heartland Housing is a leader in developing and managing affordable and supportive housing in the Midwest.
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