Palmer Square

Description: Acquisition and rehabilitation of Palmer Square Apartments, consisting of 160 project-based Section 8 units located in six 3-story walk-up buildings originally renovated in 1980 the property’s rehabilitation will include window and heating
system replacement, masonry work and other repairs and will be funded with tax exempt bonds, 4% low income housing tax credits and other governmental assistance.

Address: 2118 1/2 N. Kedzie Boulevard. The property covers the block on Kedzie Boulevard between Palmer and Dickens.

Community: Logan Square

Start/Complete: Project was acquired in December 2004; Renovation will commence in 2005 and will continue through 2006

Units: 112 One BR, 37 Two BR, 11 Three BR

Total units: 160

Total Development Cost: $17,300,000

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