MXU in Grand Blvd. Lines Up LIHTC
The Habitat Company has cleared a key hurdle in financing the first phase of 43 Green, a $35-million mixed-income, mixed-use transit-oriented development in the South Side’s Grand Boulevard neighborhood. Habitat will develop the project in partnership with Bronzeville-based P3 Markets.
Having received city approval for Low Income Housing Tax Credits, Habitat and P3 will now focus on completing the design and financing to finalize the capital program for the project.
“Grand Boulevard is one of Chicago’s great historic neighborhoods, and we’re confident that this transit-oriented community will appeal across multiple income levels,” said Matt Fiascone, president, The Habitat Company.
The project’s first phase will include 91 apartments and 7,500 square feet of retail. Upon completion, the multi-phase 43 Green is expected to be comprised of three buildings centered around the 43rd Street Green Line stop. Each building is slated for mixed-income apartments and street-level retail.
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