Friday, March 15, 2019

Sarah's Circle Gets Closer to New Building On Sheridan

The city released a statement on Wednesday with news about housing being developed for Sarah's Circle, which will allow its clients to move out of rented space in the ICA Building (4750 North Sheridan) and into a new building that Sarah's Circle will own at Sheridan and Leland. The other location owned by Sarah's Circle at 4838 North Sheridan will not change or be affected.

"TIF Would Enable 38-Unit Supportive Housing Development In Uptown

A 38-unit supportive housing facility would be built in Uptown through a $3.5 million Tax Increment Financing (TIF) proposal introduced today to City Council by Mayor Rahm Emanuel.

The $17.5 million project on the southwest corner of Sheridan Road and Leland Avenue would be developed by Sarah’s on Sheridan LLC and feature a kitchen, dining and laundry facilities, computer lab, and case management and support staff.

All of the units in the six-story complex would receive rental assistance from the Chicago Housing Authority and be affordable for tenants earning up to 60 percent of area median income. The facility would also include a 50-bed interim housing shelter that would provide temporary housing, food, and other basic supportive services for people in need.

Additional funding would come from private donations."

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