5+ day, 6+ hour ago   (246+ words) Chicago Construction News staff writer The selected development teams are: The teams were selected from 34 submissions received through a recent Request for Applications issued by Chicago’s Department of Planning and Development for Missing Middle housing in the two neighborhoods.The…...

1+ week, 5+ day ago   (528+ words) Chicago Construction News staff writer A new Illinois law will allow the state treasurer to invest in a housing fund that finances affordable and workforce housing projects, creating a potential new source of capital for housing construction and preservation across…...

1+ mon, 1+ week ago   (179+ words) Chicago Construction News staff writer Associated Bank has provided a $28.35-million construction loan for a new transit-oriented apartment development on Chicago’s North Side. Financing, including funds to acquire the former Tortenson Glass Co. property, a nearly 30,000-square-foot urban infill site,…...

1+ mon, 3+ week ago   (446+ words) Chicago Construction News staff writer Chicago City Council has approved up to $424.9 million in Tax Increment Financing (TIF) for public infrastructure improvements tied to The 78, the massive 62-acre redevelopment project on the Near South Side. The TIF funding will support…...

1+ mon, 3+ week ago   (448+ words) Chicago Construction News staff writer Seven graduates of Illinois’ Next Generation Capacity Building Initiative have secured Low-Income Housing Tax Credit awards for affordable housing developments that will build 342 new homes across the state. The developments, which include 323 affordable units, are…...

1+ mon, 4+ week ago   (393+ words) Chicago Construction News staff writer A vacant downtown Springfield property known as the “Y Block” is set to become a public park and event space featuring native landscapes, a natural limestone amphitheater, shaded gathering areas and a children’s play area…...

2+ mon, 6+ day ago   (260+ words) Chicago Construction News staff writer The City of Chicago will invest $42.5 million in 56 neighbourhood development projects, supporting more than $148 million in total community investment, Mayor Brandon Johnson announced. Among the largest recipients is the Black Fire Brigade First Responder Training…...

3+ mon, 3+ week ago   (226+ words) Chicago Construction News staff writer Chicago’s Community Development Commission has approved more than $220 million in new investment, advancing plans for a mixed-income housing development in Morgan Park and an office-to-hotel conversion project in the Loop. At its May 11 meeting, the…...

3+ mon, 3+ week ago   (245+ words) Chicago Construction News staff writer Construction is set to begin on Mt. Pisgah Apartments, a new affordable housing development in Evanston that will create 33 rental homes for low- and moderate-income households. Community leaders, elected officials, faith leaders and development partners…...

4+ mon, 1+ day ago   (258+ words) Chicago Construction News staff writer Construction is beginning on Oxxford Lofts, a $42-million redevelopment project in Chicago’s West Loop that will convert a former industrial building into a 112-unit apartment complex. The project is being developed by The Missner Group…...