Friday, March 15, 2019
Sarah's Circle Gets Closer to New Building On Sheridan
"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."
By Kate Uptown - March 15, 2019