By Bill Smith on January 29, 2020 - 8:57am
Evergreen Real Estate officials told Evanston residents at an 8th Ward meeting Tuesday evening that, if all goes according to plan, they'll start accepting applications for tenants at their new 60-unit senior housing development on Howard Street in May or June 2021.
Evergreen Project Coordinator Jenny Calero said the plan is to start looking for tenants four months before the scheduled completion of the project at 999-1015 Howard.
The City Council gave planned development approval for the project and voted to provide $2 million in city funds for it earlier this month.
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Calero said that because of the project's multiple funding sources, there will be a variety of income limts for the units.
A rendering of the planned Evergreen development on Howard.
Twenty-four units will be available to households who have incomes no more than 60 percent of area median income. That cap currently ranges from $37,440 to $42,780 depending on family size.
Those tenants would pay no more than $852 a month for a one bedroom unit or $1,023 for a two-bedroom unit.
Another 24 units will be available to households who have incomes no more than 50 percent of area median income. That cap currently ranges from $31,200 to $35,650 depending on family size. Those tenants would pay 30 percent of their income in rent.
The remaining 12 units will be available to households with incomes no more than 30 percent of area median income. Income caps for those units would range from $15,420 to $21,390. And tenants could end up paying $375 per month or less for some of those units.
The minimum age for the program is 62-years and the cap on household size is two persons per bedroom, Calero said.
Asked whether Evanston residents would have priority in getting units in the new building, David Block, Evergreen's Director of Development, said half the units have funding from the Housing Authority of Cook County, which accepts residents from throughout the county, and other units will be available to a statewide referral network.
"But, in our experience, how you advertise a project is the most important factor in determining who the tenants will be," Block said
He said that for a recent Evergreen development in Chicago's Albany Park neighborhood the company advertised with the ward office, local churches and libraries and ended up with "almost all the tenants coming from that ward or immediately adjacent wards."