CHICAGO—(ENEWSPF)—November 7, 2017
By: Rosemary Piser
Mayor Emanuel joined local officials and residents of the Woodlawn community today to celebrate the first market rate units of rental housing to be constructed in Woodlawn in more than 40 years. The $12.5 million Trianon Lofts is a milestone in showing the renaissance of Woodlawn and that the neighborhood is once again a place where people are choosing to live and work.
Mayor Emanuel said, “Today’s grand opening represents the latest step in Woodlawn’s rebirth and reflects the hard work and commitment of Preservation of Affordable Housing and our other community partners.”
Trianon’s four-story apartment building has 24 two-bedroom apartments. The building located on the southeast corner of 61st and Cottage Grove is named for the historic Trianon Ballroom. A new Jewel-Osco grocery and pharmacy is planned directly across the street from the site. The construction is scheduled to begin in early 2018.
Trianon also includes 7,000 square feet of fully-leased commercial space on the ground floor including a new early childhood center, Teeny Tiny University.
The financing for the new Trianon Lofts comes from: HUD Choice Grant funds; The City of Chicago; the Chicago Community Loan Fund (CCLF); the Local Initiatives Support Corporation (LISC); JP Morgan Chase; and BMO Harris.
“These are exciting days for Woodlawn, and I am proud to be part of it,” said Tobias Spears, one of the first new residents at Trianon Lofts. “It’s great to see this community growing and becoming more diverse. And I’m sure that new housing like this will help attract even more people, from professionals and graduate students to artists, working families and individuals, which will only add to Woodlawn’s vitality.”
For additional information about leasing an apartment at Trianon Lofts, please visit www.poahchicago.org.
POAH is a mission-driven affordable housing nonprofit with offices in Chicago, Boston and Washington, D.C. POAH’S mission is to preserve and steward affordable rental housing to provide stability, hope and economic security to low-to-moderate income families. POAH owns and operates 9,000-plus affordable homes at more than 80 properties in nine states and the District of Columbia.