CHA Development Begins Market Unit Sales

"Sales will begin this fall on the first condominiums in the $185 million redevelopment of the Henry Horner Homes public housing complex into a mixed-income neighborhood. The condo sales are viewed by the Chicago Housing Authority and the developer as a key to the overall success of the project, to be called West Haven Park. As the first development in Chicago of a mixed-income community on land used for public housing, 'the ownership component is critical in the entire effort'....The project is being funded in large part by the U.S. Department of Housing and Urban Development HOPE VI program....When the 764-unit West Haven Park is completed in 2008, it will consist of 346 market-rate housing units and 418 affordable units on 27 acres of the formerly 1,800-unit Henry Horner Homes. Sixty percent of the units will be rental, and 41 percent will be condominiums...."

Thanks to Connie Chung