To unsubscribe from this group, send an email to: CPPH_Info-unsubscribe@yahoogroups.com ------------------------------------------------------------------------ There is 1 message in this issue. Topics in this digest: 1. Chicago picks development team for mixed income housing From: Grant ________________________________________________________________________ ________________________________________________________________________ Message: 1 Date: Fri, 20 Dec 2002 07:15:34 -0800 (PST) From: Grant Subject: Chicago picks development team for mixed income housing --- Wayne Sherwood wrote: Development team picked for mixed-income housing December 18, 2002 BY KATE N. GROSSMAN STAFF REPORTER Chicago Sun-Times After six years of false starts, the CHA named a developer Tuesday to replace thousands of decaying brick row houses and high-rises in the burgeoning area around the University of Illinois at Chicago with 2,400 upscale town houses and smart red and orange brick low-rise buildings. The Chicago Housing Authority board, as part of a 10-year effort to turn its most dysfunctional projects into mixed-income neighborhoods, also approved final plans for an approximately $500 million re-do of the notorious Robert Taylor Homes. At Taylor, 2,400 apartments and homes for poor, working-class and middle-class families will replace one of the most dilapidated high-rise ghettos in the city. Construction is to begin at Taylor in late 2003. At ABLA, a 100-acre collection of five projects near UIC, including the CHA's oldest, the Jane Addams Homes, construction is to begin in 2004. At ABLA, the CHA stepped in and chose LR Development after a working group split on which team to chose. Two residents and Mike Belletire, a former Illinois Gaming Board administrator and area resident, voted against LR. They preferred a team that included former Ald. Ted Mazola of New West Realty, Holsten Real Estate and the Davis Group. That team would have limited the number of times residents had to move during construction and had closer ties to job opportunities at the nearby Illinois Medical District. They also worried LR would be less accountable because its majority partner is in New York, insiders said. LR officials insist they have complete autonomy. "This has been a long and protracted process, and community voices that needed to be heard weren't," said Belletire, a onetime high-level aide to former Gov. Jim Edgar. "But I won't stand in the way." CHA officials say they opted for LR because the firm has already done mixed-income housing and because of its strong financing package. The development team, which will build at least 755 units for CHA families, also includes Heartland Alliance and Quest Development. The CHA also cited the team's plans to contribute $4 million to a first-of-its-kind trust that will offer social services for CHA families and help them make the transition into mixed-income housing. > --- Wayne Sherwood wrote: > Date: Wed, 18 Dec 2002 06:27:34 -0500 > From: Wayne Sherwood > Subject: Chicago picks development team for mixed income > housing > To: Wayne Sherwood > > Development team picked for mixed-income housing > > December 18, 2002 > > BY KATE N. GROSSMAN STAFF REPORTER > > Chicago Sun-Times > > > After six years of false starts, the CHA named a > developer Tuesday to > replace thousands of decaying brick row houses and > high-rises in the > burgeoning area around the University of Illinois at > Chicago with 2,400 > upscale town houses and smart red and orange brick > low-rise buildings. > > The Chicago Housing Authority board, as part of a 10-year > effort to turn > its most dysfunctional projects into mixed-income > neighborhoods, also > approved final plans for an approximately $500 million > re-do of the > notorious Robert Taylor Homes. > > At Taylor, 2,400 apartments and homes for poor, > working-class and > middle-class families will replace one of the most > dilapidated high-rise > ghettos in the city. > > Construction is to begin at Taylor in late 2003. At ABLA, > a 100-acre > collection of five projects near UIC, including the CHA's > oldest, the Jane > Addams Homes, construction is to begin in 2004. > > At ABLA, the CHA stepped in and chose LR Development > after a working group > split on which team to chose. Two residents and Mike > Belletire, a former > Illinois Gaming Board administrator and area resident, > voted against LR. > > They preferred a team that included former Ald. Ted > Mazola of New West > Realty, Holsten Real Estate and the Davis Group. That > team would have > limited the number of times residents had to move during > construction and > had closer ties to job opportunities at the nearby > Illinois Medical > District. > > They also worried LR would be less accountable because > its majority partner > is in New York, insiders said. LR officials insist they > have complete > autonomy. > > "This has been a long and protracted process, and > community voices that > needed to be heard weren't," said Belletire, a onetime > high-level aide to > former Gov. Jim Edgar. "But I won't stand in the way." > > CHA officials say they opted for LR because the firm has > already done > mixed-income housing and because of its strong financing > package. The > development team, which will build at least 755 units for > CHA families, > also includes Heartland Alliance and Quest Development. > > The CHA also cited the team's plans to contribute $4 > million to a > first-of-its-kind trust that will offer social services > for CHA families > and help them make the transition into mixed-income > housing. > __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. 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