From CBS Chicago:
The Chicago Housing Authority Board of Commissioners on Tuesday approved funding for new affordable housing at the Encuentro Square development now under construction in Logan Square.
The housing advocacy group LUCHA and the Evergreen Real Estate Group joined together to develop the all-affordable mixed-use development at 3745 W. Cortland St., at the western end of The 606 trail.
The site was previously occupied by the Magid Glove and Safety factory.
The CHA will provide 55 project-based vouchers for the development, which will protect housing stability in Logan Square for 20 years.
"At CHA, are working with our partners to invest in environments that catalyze families' growth, health and economic independence," CHA Chief Executive Officer Tracey Scott said in a news release. "In the case of Encuentro Square, CHA's investment means that families who need housing can remain in Logan Square, an area where rents are rising quickly, for years to come."
Read CBS Chicago's article "Chicago Housing Authority approves funding for new affordable Encuentro Square development."