This decision involves a redevelopment agreement between the City of Chicago and The Ave SW LLC for the acquisition, construction, and equipping of a mixed-use residential building at 3601-3625 W Chicago Ave. The project includes 52 residential units for low-income, very low-income, and extremely low-income families, along with community spaces, offices for Neighborhood Housing Services of Chicago, and enclosed parking. The City Council passed the final decision on October 9, 2024, following its introduction on September 18, 2024. Financial support includes a TIF loan, City loan, and construction loan.
This redevelopment project is vital for providing affordable housing to low-income residents in Chicago, contributing to community revitalization and offering crucial services through Neighborhood Housing Services of Chicago.