Preservation of Affordable Housing Breaks Ground on Affordable Fifth City Commons in Chicago

by Channing Hamilton

CHICAGO — Preservation of Affordable Housing has broken ground on Fifth City Commons, a new affordable housing and retail development on Chicago’s West Side. Fifth City Commons will offer 43 residential units across three stories. Units will come in one-, two- and three-bedroom layouts. The community will be affordable to households earning between 30 and 80 percent of the area median income. Amenities will include community rooms, a resident terrace and a fitness room. Details regarding the retail component of the project were not disclosed.

The city of Chicago provided financing for the development through Tax Increment Financing and HOME investment Partnership Program assistance, sales tax bonds, 4 percent Low Income Housing Tax Credits and tax-exempt bonds. Skender will serve as the general contractor. Ashlaur Construction will build the asset. Perkins + Will and Nia will provide architectural design. Rubinos & Mesia Engineers, dbHMS, Omni Ecosystems and TERRA Engineering will provide engineering.

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