Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Development


