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CHA Okays Funding for Two Mixed-Income Projects in Douglas
The Chicago Housing Authority Board of Commissioners approved funding for the next phase of two major mixed-income developments: Oakwood Shores Phase 3-1 and Park Boulevard Phase 3B, both in the South Side’s Douglas neighborhood.
The new phases will add an additional 131 mixed-income units, including 55 CHA units. CHA says investment in these developments will expand and preserve affordable housing, provide long-term affordability and drive economic growth in the area.
“These new developments will help us ensure that more families have access to high-quality affordable housing that is accessible to public transportation and other amenities,” said CHA CEO Tracey Scott.
Oakwood Shores Phase 3-1 is the eighth rental phase of the revitalization of the vacant CHA land that was formerly part of Ida B. Wells, Darrow Homes, Wells Extension and Madden Park Homes public housing developments. Park Boulevard Phase 3B occupies the central portion of the former Stateway Gardens site.
- ◦Development
- ◦Financing
