A 20-unit supportive housing facility will be built on the Near North Side through a $2.5 million City loan approved today by City Council.
The $7 million project at 1521 N. Sedgwick St. will feature 300-square-foot efficiency apartments, laundry facilities, a fitness center, and a community space. All units will receive rental assistance from the Chicago Housing Authority (CHA) and be affordable for tenants earning up to 50 percent of area median income.
The building, planned by Lincoln Park Community Services, will share case management and support staff with an adjacent homeless shelter.
Additional funding will include a $4.5 million loan from the Illinois Housing Development Authority (IHDA).
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