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September 6, 2017

LGBTQ-Friendly Affordable Housing Approved For Logan Square

CONTACT:
Mayor’s Press Office
(312) 744-3334
press@cityofchicago.org

Department of Planning and Development (DPD)
(312) 744-9267

An 88-unit, LGBTQ-friendly housing development will be built in Logan Square through financial assistance approved today by City Council.

Planned for the northeast corner of Milwaukee and Campbell Avenues by the non-profit Metropolitan Housing Development Corp., the $23.6 million John Pennycuff Memorial Apartments will include a mix of studio, one-and two-bedroom affordable apartments targeted towards LGBTQ tenants.

Forty-one of the units in the triangular, seven-story building will be offered to residents with incomes up to 60 percent of area median income and the remainder will be leased to Chicago Housing Authority (CHA) tenants.

On-site amenities will include a community room, laundry facilities, management offices, an outdoor patio, and ground-floor commercial space.

City support will include up to $16 million in Multi-Family Housing Revenue Bonds for construction financing and $564,000 in Low Income Housing Tax Credits that will generate $5.7 million in equity for the project. Additional funding will include $12 million in capital funds from the CHA and a private mortgage loan.

Designed by CSA Partners LTD, the brick and fiber cement-clad building will be named for LGBTQ rights activist John Pennycuff, who died in 2012. Another City-supported LGBTQ-friendly housing complex, Town Hall Apartments, opened in Lakeview in 2014.