East Garfield Park Finally Turns Affordable
- Jul 17, 2015
A long-awaited affordable housing community is ready to break ground in Chicago’s East Garfield Park neighborhood.
Representatives of The NHP Foundation (NHPF) and of the People’s Community Development Association of Chicago Inc. (PCDAC), together with 28th Ward Ald. Jason Ervin and community members, will attend a groundbreaking ceremony for the neighborhood’s newest affordable housing community on July 18.
Harvest Homes Apartments, a joint venture between PCDAC and NHPF will develop a $12 million, 36-unit multifamily community for low- and moderate-income families in the East Garfield park community on Chicago’s West Side. The Harvest Homes development will be the neighborhood’s first affordable housing community in the last 15 years. The project is supported by the City of Chicago’s Department of Planning and Economic Development, J.P. Morgan Chase, the Chicago Community Loan Fund, NHPF, and the State of Illinois Department of Commerce and Economic Opportunity.
“We at The NHP Foundation are very proud to be a part of this significant new development in Chicago and appreciate the contribution of our public and private partners in the project,” said Richard Burns, CEO of NHPF. “NHPF has an expanding and valuable role to play in strengthening the affordable housing field in this country and Harvest Homes Apartments exemplifies our vision for the development and preservation of long-term affordable housing in high cost markets.”
The brand new community will feature 36 two-, three- and four-bedroom units reserved for families with annual household salaries ranging from $20,000 to $60,000. Construction will break ground this July, with completion scheduled for early 2017.
Image courtesy of The NHP Foundation