Project Funding Sources
Source Works Green closed on a 70-unit senior building located at 825 W. 118th Street in Chicago’s 34th Ward and West Pullman neighborhood. The project is a mixed income, 70-unit, new construction mid-rise development consisting of eight (8) studio units and sixty-two (62) one-bedroom units for seniors 55 and older. Units are available to seniors with incomes between 30%-60% of AMI. Five (5) units will be unrestricted. This project is a single mid-rise building that includes an atrium in the entrance of the building lobby. The atrium will serve as a 365-day park-like environment that maximizes light into the building. The “Atrium Elderly” concept provides an affordable housing product that uniquely meets the needs of a senior audience. The ground floor of the atrium is designed as an all-weather gathering place and all the centers of activity – fitness center, community room, office – are located at this level. The site will include 30 parking spaces and a landscaped fitness trail for the seniors.