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Chicago & Midwest  + Apartments  | 
Structured Development_Harrison Row Townhomes phase two _Kinexx modular construction

Structured Development Expands Chicago Affordable Housing 

Structured Development says has launched the second phase of Harrison Row Townhomes, an affordable for-sale townhome community at Harrison and Francisco streets in Chicago’s East Garfield Park neighborhood. A total of 33 new three-bedroom, 1.5-bath townhomes will be added, including 14 duplex townhomes, or 28 units, built using modular construction.

Priced from $245,000 and created under Chicago’s Affordable Requirements Ordinance, the homes will be built in phases over the course of the year and reserved for households earning up to 120% of the Area Median Income. Buyers will be sourced through the Chicago Community Land Trust, a nonprofit corporation administered and staffed by the Chicago Department of Housing that seeks to preserve the long-term affordability of homes created through city of Chicago programs.

“Teachers, police officers, firefighters, healthcare professionals, factory workers – they form the backbone of our city, yet they typically struggle to find affordable workforce housing. Ironically, their income levels disqualify them for low-income housing options yet they don’t earn enough to afford market-rate homes, especially those that are newly constructed and large enough to accommodate a family,” said Mike Drew, founding principal of Structured Development. 

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Mike Drew

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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