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Back Of The Yards Neighborhood Council

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Loan Category: 
Housing
Loan Amount: 
$295,000
Loan Type: 
Pre-Development
Community Area: 
Brighton Park
Description: 
Back of the Yards Neighborhood Council, a 67-year-old nonprofit serving Chicago’s southwest side, sought a predevelopment loan for a large mixed-use development in Brighton Park. The project, to be developed at 3146-56 West 47th Street, consists of approximately 60 apartment units for seniors aged 62 and older at 60% of AMI or below. In addition, the project will provide a daycare center for children ages 2-5 and after school programs.

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