Twin Deal for Affordable Housing Development LeClaire Courts Approved
City Council provided approval for the Department of Housing to finance LeClaire Court North Apartments, which would include the construction of two buildings. In partnership with the Illinois Housing Development Authority (IDHA) and Chicago Housing Authority (CHA), the City of Chicago will provide $9.5 million in multi-family funds, $5.5 million in TIF, and $1.3 million in Donation Tax Credits.
The project will provide 68 CHA units, 56 affordable units with rents ranging from 30% - 80% of the Area Median Income (AMI), and 12 market-rate units to create a mixed-income community.
In addition to the residential units, there will be commercial space in both buildings. The approximately 14,000 sq. feet in the north building is expected to be leased by Chicago Commons, a day care provider. The properties are located at 4809 W. 44th Street (North Building) and 4442 S. Cicero (South Building).