An advisory zoning committee for Chicago's 46th Ward has approved plans for a controversial housing complex proposed for the former Columbus Maryville Academy site in Uptown near the city's lakefront.
The vote, taken Monday, was 21-4. Thirteen committee members were absent for the vote, the results of which were released by Ald. James Cappleman's (46th) office on Tuesday. The project still needs city approval.
JDL Development has proposed building a residential complex with 381 units, monthly rent for which would range from $2,000 to $3,000 for a one- or two-bedroom apartment. The plan has been scaled down compared to previous versions of the long-proposed project.
JDL's proposed development would be located in the Montrose/Clarendon TIF district, and if TIF money is used for the development, 20 percent of the units in the complex are required to be affordable under the city's Affordable Requirements Ordinance (ARO). The developers also have the option of paying into the low-income housing fund to cover some of the required affordable units instead of building all of them onsite.
Cappleman sent out the following email to constituents Tuesday:
Last night, the 46th Ward Zoning & Development Committee, made up of 40 diverse neighborhood and chamber organizations throughout the ward, voted to support the Clarendon/Montrose development proposal, which is the former site of the Maryville Academy. Each organization sends its own representative to serve on the committee. Click here to find out how your representative voted.
This development is within a Tax Incremental Finance (TIF) district that makes up property owned by the Missionary Sisters of the Sacred Heart of Jesus and Park District land. Currently the TIF has no money because neither entity pays taxes. The only way TIF funds are generated at this site is to have a development on this site generate tax revenue. Therefore, I am requiring that JDL Development provide $4.6 million upfront to assist with the Clarendon Park Community Center.
For the past few months, I have met with the Cubs about the potential for a partnership with the Park District to create a Cubs indoor baseball academy at Clarendon Park for neighborhood kids that would also rehab the Community Center.
JDL Development will be contributing $5.7 million to the Chicago Low Income Housing Trust Fund, money that will go to pay for rent subsidies to people earning 30% or less of the area median income. Currently, the 46th Ward receives more rental subsidy assistance from this fund than the combined total given to 29 other wards in the City of Chicago.
Click here to view the development proposal. Groundbreaking is expected sometime in the spring of 2016.