Uptown in the News
November 12, 2003
A lottery was held for 37 affordable condominiums that are currently under construction in the Uptown community. Several hundred Chicagoans, many currently Uptown residents, were present in the hopes that they could join the ranks of Uptown homeowners. Prior to attending this lottery, all of these individuals had to take a home buying class through the Rogers Park Community Development Corp., and most of them were pre-approved for their mortgages.
Thirty-seven one to three bedroom condos, ranging in price from $140,000 to $155,000, were a part of the Oct. 18 lottery. These units can be made more affordable, depending on the income of the purchaser, by a further write down from the City of Chicago. All of these units are made affordable through the Chicago Partnership for Affordable Neighborhoods, a program which assists developers in selling these less expensive units through various incentives.
These 37 affordable units, the result of coordination between Ald. Helen Shiller (46th), the City of Chicago, some local developers, and local community organizations, including the Organization of the NorthEast (ONE).
"Everyone who marched, protested, sat in hearings and negotiations should be proud of this accomplishment—people who otherwise would have been forced to leave Uptown can now stay and continue to work for their community. Just imagine how many people could be housed if all developers in the City stepped up to the plate and built balanced developments," said Sarah Jane Knoy, executive director of ONE.
ONE is one of 15 community organizations across the City of Chicago working for a mandatory affordable housing set aside ordinance that would provide units like those in the lottery on Saturday in all communities.
The affordable units included: 16 two and three bedroom units on the 4800 block of N. Winthrop Ave., 2 two bedroom units at 932 W. Wilson Ave., 7 two bedroom units at 4700 N. Sheridan Rd., 4 two bedroom units at 4700 N. Sheridan Rd, 4 two bedroom units at Wilson and Magnolia avenues, 1 two bedroom unit at Magnolia and Lawrence avenues, and 3 one bedroom units at Montrose Ave., Sheridan Rd. and Broadway. Lotteries will be held in the future for other affordable units being built in the community.
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