From the Chicago Defender:
The Chicago Housing Authority (CHA) was joined by the City of Chicago Department of Housing, 49th Ward Alderwoman Maria Hadden, former 49th Ward Alderman Joe Moore, and Ross Financial Services Thursday for the grand opening of Clark-Estes Apartments, a mixed-use development that will bring 54 affordable residential units to the Rogers Park community – 15 of which are assisted by CHA’s Property Rental Assistance (PRA) program.
Clark Estes also delivers 3,350 square feet of new retail space to 1763 W. Estes on land that sat vacant for more than a decade. The developers plan to lease the commercial space to bring amenities such as restaurants to the community.
The mixed-use, new construction development fills a void on the vibrant Clark Street retail corridor where the former Adelphi Theater once stood. City of Chicago support included $1.7 million in Low Income Housing Tax Credits that will generate $15.8 million in equity for the $18.8 million project.
With the assistance of a grant from ComEd, the project meets the energy efficiency and sustainability standards to be certified by Enterprise Green Communities Program.
Read the Chicago Defender's article "CHA, partners open Clark-Estes Apts. that provide 54 affordable units," featuring the Chicago Housing Authority.