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CHICAGO-A $14-million multifamily rental building that will offer 58 subsidized units advanced out of a city council committee, but not without dissent over the amount of parking in the plans. Interfaith Housing Development Corp. hopes to begin construction in October on a five-story building at 4041 W. Roosevelt Rd., which will include just 16 parking spaces.
Although the proposal has the support of the local alderman, 50th Ward Alderman Bernard Stone cast a rare "no" vote Thursday at the city council committee on zoning. "I don't have to vote on this," says Stone, who also cast a dissenting vote last week against revised plans for a multifamily rental tower in at Des Plaines and Kinzie streets. "We're going back to the '50s and building what we've torn down; I'm not going backward."
Voting for the proposal on the strength of 24th Ward Alderman Michael Chandler's backing it, 42nd Ward Alderman Burton Natarus nonetheless repeated his misgivings about a plan for 0.3 spaces per unit. "We've got to wake up to the fact that the automobile is here," Natarus says. "This is terrible."
In addition to winning Chandler's support, the project was endorsed by the Department of Planning and Development, which has backed fewer parking spaces in Downtown areas as well as locations served by public transportation. Interfaith Housing Development Corp. still must acquire vacant South Lawndale parcels, totaling more than a half-acre, from the city.
Rents will range from $800 to $1,200 a month for one-, two-, three- and four-bedroom units, says Interfaith Housing Development Corp. vice president Perry Vietti. The building is expected to be finished by December 2007, Vietti tells GlobeSt.com.
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