Chicago Community Development Commission 3737 W Cortland Avenue

Chicago Community Development Commission 3737 W Cortland Avenue: City Acquisition Pulaski Corridor TIF Redevelopment Area February 5, 2019

Location within Pulaski Corridor TIF Redevelopment area Community area Logan square Fullerton Sacramento North Ave Pulaski Ward 26

Aerial view of 3737 w cortland

View of 3737 Cortland building along Ridgeway View of east side of Hamlin View of west side of Hamlin View of 1842 Ridgeway

Plat of survey of 3737 w cortland Cortland Street 3737 Cortland Industrial building Hamlin Ridgeway 1842 Ridgeway single family Building 3737 Cortland parking lot Railroad

Neighborhood housing context

Conceptual plan

Project summary The Dept Planning and Development is seeking to acquire the 4. 5 acre former industrial property at 3737 W Cortland next at the west end of the 606. In an area with a demonstrated need for affordable housing, DPD will acquire the property with a goal to include a 100% affordable project with 150 affordable housing units, and reserve the space adjacent to the 606 for public park space. Timeline • • Community Development Commission City Council – acquisition authority • • 2 Q 2019 Complete acquisition of property from Trust for Public Land City to demolish building and environmental remediation • 3 Q 2019 City to market the site for Low Income Housing Tax Credit proposals from affordable housing developers to build out this space