Senior Housing Facility Contributes to Chicago Neighborhood Revitalization
Chicago Mayor Richard Daley dedicated a building last week for the city’s 3.5-acre Roseland Senior Campus, which offers supportive living, independent living and intergenerational housing for grandparents raising their grandchildren.
The second building in the Pathway Senior Living campus, dedicated by Mayor Daley, is the Roseland Place Senior Apartments, a 60-unit affordable rental housing development with a 7,000-square-foot Department of Family and Support Services Center on the ground floor.
A green roof and other environmentally friendly features will comprise the $14.6 million development, which will receive the land, $8.6 million in bonds, $1.1 million in loans, and $451,266 in tax credits from the City of Chicago. Other financing includes $340,000 in donations tax credits from the Illinois Housing Development Authority (IHDA) and support from the Department of Housing and Urban Development (HUD) through the Section 202 Supportive Housing Development program.
The Roseland Village Intergenerational Apartments, currently under construction, will provide ten units of affordable rental housing for grandparents raising their grandchildren.
The development will contribute to a push for improving the community, including upgrades and improvements to transportation infrastructure, public buildings including police and library facilities, as well as the addition of several local parks.
“Standing here today, I am pleased to see the progress we have made in transforming vacant land into quality housing for seniors, and creating a catalyst for neighborhood revitalization,” Mayor Daley said. “I am confident that the progress will keep moving forward.”
Read more about the Roseland Senior Campus.
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Category: Affordable Housing, Senior Housing
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I would like to correct a misimpression in the article above. Roseland Place is a development by Neighborhood Housing Services of Chicago. NHS is one of the finest developers of affordable housing in Chicago and we are proud to have them as both a neighbor and partner.
Robert Helle
Principal
Pathway Senior Living