Low-interest loans will support construction and preservation of 1,549 affordable dwellings, most of them apartments and on the west side.
The low-interest loans, approved through the city’s Redevelopment Agency, are meant to support new construction of as many as 1,549 affordable homes, including dwellings with added bedrooms more suitable for families and units located in neighborhoods offering more economic and social advantages. The mayor added that robust interest from developers seeking the annual assistance signaled their desire to build homes affordable “at levels we have never seen before.”
All but two of the projects being funded are located west of State Street. Only one, Project Open 3 at 529 W. 400 North, will get a $710,00 loan to build 23 dwellings available for ownership.
Source: Real Estate Daily Report (realestatedailyreport.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shop 17 Strapless Dresses for Bigger Busts — Starting at Just $17We rounded up 17 strapless dresses for summer with enough support and coverage for larger busts — shop our favorites
Source: usweekly - 🏆 390. / 55 Read more »
Cook County to Pay $17 Million to Exonerated Man in Police Officer KillingsCook County is set to pay $17 million to a man who was wrongfully convicted in the killings of two police officers in 1982. The payment is part of a settlement in a civil rights lawsuit against former Cook County state's attorneys. The case involves accusations of railroading Jackie Wilson for crimes committed by his older brother.
Source: ChicagoBreaking - 🏆 521. / 51 Read more »
Cook County approves $17 million settlement for Jackie Wilson, exonerated in 1982 cop killingsCounty will pay $17 million to settle lawsuit accusing former Cook County state’s attorneys of railroading Jackie Wilson in the 1982 murders of two Chicago police officers.
Source: chicagotribune - 🏆 8. / 91 Read more »
This Genius $17 Tool Is My Secret to Speedy, No-Fuss SaladsThe Trudeau Toss and Chop Salad Tongs have completely changed how I make salads at home. Best of all this shear and knife combo tool is only $17 at Amazon right now.
Source: foodandwine - 🏆 366. / 59 Read more »
10,000+ Shoppers Just Bought This $17 Retinal Eye Serum That Works “Overnight Miracles”Shoppers swear by the Beauty of Joseon Revive Eye Serum to smooth and brighten wrinkles, dark circles, and puffiness. Grab the popular skincare product for $17 at Amazon.
Source: InStyle - 🏆 103. / 63 Read more »
'Most valuable treasure': $17 billion Spanish shipwreck from 1708 to be recoveredThe San José was sunk in 1708 by British warships off the coast of Colombia.
Source: ABC - 🏆 471. / 51 Read more »