Posted by StreetWise in Magazine Articles
The Chicago City Council voted unanimously in early April to approve the revised Planned Development for the former Children’s Memorial Hospital site at Fullerton/Halsted and Lincoln Avenue. The new zoning will require, among other changes and requirements, the construction of affordable rental housing.
The new Planned Development will allow developer McCaffery Interests to build 540 units of rental housing; of those units, 10 percent (54) will be affordable to households earning 60 percent of the Area Median Income (AMI) and below ($30,960/year for an individual or $35,340 for a household of two). Three additional units of affordable assisted living will also be included in the development, and these units will be affordable for people earning 30 percent of AMI or less ($15,500/year for a household of one).
Officials of ONE Northside say this accomplishment is a result of years of work on the part of the Children’s Memorial Hospital Redevelopment Coalition, a member of ONE Northside, and of Ald. Michele Smith (43rd ward), a previous member of the Coalition.
Deirdre Graziano, a member of the Children’s Memorial Hospital Redevelopment Coalition and ONE Northside, said, “These 57 units will be the first new affordable units within Lincoln Park in over 30 years.
That Dan McCaffery chose to build the units rather than contribute to the in-lieu fund [required by the Affordable Requirements Ordinance] is commendable. We thank Children’s Memorial Hospital, Mr. McCaffery and Alderman Smith for honoring this commitment to affordability in our community. I must also point out that three affordable assisted living units have also been promised.
“Such foresight in planning is not only good for the Lincoln Park neighborhood, it is good for the city itself, allowing for both diversity and prosperity. We need more such plans in our lifetime,” Graziano said.
The McCaffery Interests website lists five community principles for the project: respect the existing neighborhood, create a distinct mixed-use place, promote a multi-modal transportation network, support sustainable regeneration and ensure continued community engagement.
Organizing Neighborhoods for Equality: Northside is a mixed-income, multi-ethnic, intergenerational organization that unites diverse communities. It builds collective power to eliminate injustice through bold and innovative community organizing, accomplished through developing grassroots leaders and acting together to effect change.
Suzanne Hanney from Prepared Materials