Subsidized Rental Building Moves Ahead

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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.”