NCP Woodlawn Welcomes New Housing Development
Address: 6300 S Cottage Grove, Chicago, IL 60637
Woodlawn Center South is a 67-unit affordable housing development for low and moderate income families and individuals and is the first phase of the larger redevelopment of the existing Grove Parc Plaza, a distressed 504-unit Section 8 complex being demolished and rebuilt as a mixed-income community named Woodlawn Park. The developer and sponsor is Preservation of Affordable Housing Inc. (POAH), a national affordable housing nonprofit with a local office in Chicago.
Woodlawn Park will be an environmentally sustainable, transit-oriented development. About 40% of the existing project-based Section 8 subsidized units will be preserved onsite within a mixed-income, mixed-use community providing approximately 65,000 ft. of commercial and retail space in later phases.
The first phase, Woodlawn Center South, is located at the terminus of the CTA Green Line el, and will be a sustainable, transit-oriented development. It will consist of two LEED-rated 33-unit and 34-unit 3-story walkup buildings constructed mainly of brick masonry veneer on opposite sides of Cottage Grove Avenue between 62nd and 63rd Streets. Amenities will include private rear yards for all three-bedroom family nits, a tot lot play area, and extensive green building enhancements. POAH has also obtained funding for solar thermal hot water.
The plan for the site begins with the demolition
of eight existing, “project”-style buildings, all of which are vacant. Demolition began in early April with construction scheduled to begin in June.
Funding partners for the project include Illinois Housing Development Authority (IHDA) including tax credits, stimulus funding and a loan from the State Low Income Housing Trust Fund, an equity investment from JPMorgan Capital, construction financing from JP Morgan Chase Bank, HOME funding from the City of Chicago and bridge loan funding from The Preservation Loan Fund administered by LISC.
The project has received the strong support of Alderman Willie B. Cochran (20th Ward), State Senators Kwame Raoul, Mattie Hunter and Jacqueline Collins, and State Representatives Will Burns and Ken Dunkin.