Mayor Brandon Johnson and the Chicago Department of Housing has announced the investment of more than $300 million in 15 affordable housing developments across the city as part of the 2025 Qualified Allocation Plan (QAP). 

Woodlawn SocialKoning Eizenberg and HED Architects

Released every two years, the QAP sets the rules for accessing city assistance and federal Low-Income Housing Tax Credits (LIHTC), a crucial funding source for affordable housing development. LIHTC operates as a public-private partnership, where investors provide equity for low-income rental properties in exchange for a federal tax credit over several decades.

Heart of South ShoreP3 Markets

The 15 developments will create or preserve a total of 1,223 housing units, split between 12 new construction projects creating 798 units and three preservation projects rehabbing 425 affordable units. Two of the projects will be CHA developments with 566 units, 426 of them affordable. Three of the projects will be new senior housing developments. 

2525 N. KedzieLBBA Architects

The total development costs for the 15 developments are estimated at $711 million, which incorporate public and private resources. This includes approximately $16 million in LIHTC, which will generate an estimated $100 million in private equity, and an estimated $300 million from city financial assistance. When projects receive LIHTC or City assistance, they enter into agreements that guarantee 30 years of affordability for tenants. 

Ogden Commons MasterplanSolomon Cordwell Buenz

The 2025 awardees are: 

  • Southbridge 3A, Near South Side; 
  • Heart of South Shore, South Shore; 
  • Gateway 79, Chatham; 
  • 79th & Woodlawn Senior Living, Calumet Heights; 
  • Bontemps Apartments, West Englewood; 
  • Woodlawn Social, Woodlawn; 
  • KLEO'S Corner Apartments, Washington Park; 
  • 18th & Peoria M2, Lower West Side; 
  • Encuentro Square Phase 2, Logan Square; 
  • Ogden Commons A-3 Residential, North Lawndale; 
  • Westgate, West Garfield Park; 
  • Metropolitan L Apartments, Logan Square; 
  • Leland Apartments, Uptown; 
  • Hollywood House Apartments, Edgewater; 
  • Gateway Apartments Preservation, Rogers Park. 

The developments will be going through the revised approval process made through Mayor Johnson’s Cut the Tape initiative, and closing on these projects is now anticipated within 18 months.