On November 19th, Alderwoman Hadden and the 49th Ward Office hosted a community meeting regarding a proposed development for the property located at 7644 N. Sheridan.  You can watch a recording of the community meeting here. To view the presentation slides, please click here.

The applicant, 5T Management, plans to build a five-story, mixed-use building containing 44 residential units and ground-floor commercial space. The unit breakdown includes 4 one-bedroom units, 28 two-bedroom units, and 12 three-bedroom units. All units will remain affordable, with three units set aside for households earning 30% of the Area Median Income (AMI), twenty-four set aside for households earning 60% AMI, and the remaining (seventeen units) for households earning 80% AMI. 5T will use Low Income Housing Tax Credits (LIHTC) issued by the Department of Housing to finance the building, locking in its affordability for a minimum of 30 years. 

We have closed our two-week community survey, where constituents shared their opinions on the proposed development. We are compiling the results and will share them in a future newsletter.

If you have any questions or concerns, please reach out to our Infrastructure and Communications Coordinator, Zach Joseph, at zach@49thward.org, or call our office at 773-338-5796.