Butler Lindon Apts Chicago

February 15, 2019 Comments Off on LIHTC Will Fund Rehab of Historic Woodlawn Apartments Views: 390 Chicago News, South Side

LIHTC Will Fund Rehab of Historic Woodlawn Apartments

Acquisition and rehabilitation of the historic Johnson Butler-Lindon Apartments, located in the South Side’s Woodlawn neighborhood, will begin this month. This follows the closing of a $7-million-construction loan and placement of $13 million in low-income housing tax credit equity from Associated Bank.

The Illinois Housing Development Authority issued the LIHTC for the project, and Associated partnered with Boston Capital to provide the equity. The renovation will be done by Preservation of Affordable Housing, in partnership with general contractor Powers and Sons Construction Company and Johnson & Lee Architects.

Located at 6230 S. Dorchester Ave., the Johnson building includes 64 units in a five-story elevator building. The Butler-Lindon building (pictured) at 6146 S. Kenwood Ave. has 42 units in a six-story elevator building. The buildings are located 0.2 miles from each other.

The project is part of the last phase in the implementation of the Choice Neighborhoods Initiative, a federal program.

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