Affordable housing developers interested in building homes in North Lawndale are invited to attend an informational meeting hosted by the Department of Planning and Development (DPD) from 9:30 to 11 a.m. on Friday, Sept. 28, at City Hall, 121 N. LaSalle St., Room 1003-A.
DPD is seeking development teams to build affordable homes on 43 City-owned lots throughout the community. Pursuant to a Request for Applications (RFA) issued on Sept. 19, 2018, DPD will select developers to design, construct, market, and sell owner-occupied housing for a future Parade of Homes. Each lot would be sold for $1. Responses to the RFA are due by Nov. 5, 2018.
Applicants will build the homes under the City Lots for Working Families (CL4WF) program. For a three-bedroom home, DPD estimates the maximum sale price would be $355,000, and for a four-bedroom home, it would be $400,000. The price limits are based on purchase estimates for families making 120 percent Area Median Income, or $117,840 for a family of six.
The CL4WF program aims to build upon the early success of the Third Ward Parade of Homes, which recently led to the construction of five single-family homes on the 4500 block of South Prairie Avenue, with an additional 42 lots available in subsequent phases. While that program was market-rate, the North Lawndale parade seeks developers committed to creating affordable housing.
Questions from developers regarding the program should be directed to email@example.com.