Tierra Linda

Experienced Developers Non-Profit Organizations

LUCHA advances housing as a human right by empowering communities – particularly the Latino and Spanish-speaking populations; through advocacy, education and affordable development and comprehensive housing services. LUCHA aspires to build empowered, thriving communities and further access to fair housing. Founded in 1982, LUCHA is both a US Department of Housing and Urban Development (HUD)-approved housing counseling agency as well as a Community Housing Development Organization (CHDO). Anchored in Humboldt Park, LUCHA was born out of the Puerto Rican community as it organized for equitable housing. As part of its central commitment to racial equity via affordable housing creation and preservation, LUCHA has built and currently manages 198 units of affordable rental housing divided across four developments spanning Humboldt Park, Logan Square, and West Town.

Project Funding Sources

LIHTC Tax Equity
Energy Grant
State Donation Credits
Deferred Developer Fee
HOME/CDBG
Project Based Vouchers
First Mortgage

Lightengale’s Role
Some of the specific LGG tasks completed include:

Project Financing Coordination
- LIHTC Application
Project Budgets
Due Diligence
Project Based Vouchers/RAD

Unique Project Elements
Helps secure project based on subsidies from the Chicago Housing Authority

project info

Tierra Linda is a forty-five (45) unit new construction project that will create rental apartment for low-income families in the Humboldt Park and Logan Square Communities. The goal of the project is to create high quality and affordable housing for the people who are currently being displaced by increased rents.
The project includes twelve new construction buildings with a mix of 3-flats and 6-falts and a mix of 1-bedroom,2-bedroom, and 3-bedroom units. All units will be affordable to households at 50% and 60% of the area median income and the Chicago Housing Authority will provide rental subsidy for eleven of the units.
The City of Chicago donated six of the twelve vacant lots needed for the project, provided a one million dollar allocation of Low Income Housing Tax Credits and a one million dollar HOME loan. Other financing partners include the National Equity Fund, IFF and U.S. Bancorp Community Development Corporation.