Auburn Gresham Celebrates 58 New Affordable Apartments on 79th Street

Mayor Brandon Johnson inaugurated the Auburn Gresham Apartments, a transformative $47 million affordable housing project on 79th Street in Chicago. This initiative comprises two buildings with a total of 58 apartments, all priced for households earning 60% of the Area Median Income, with monthly rents ranging from $995 to $1,600. The project is a collaboration between minority-owned developer Imagine Group and Evergreen Real Estate Group, reflecting a commitment to enhancing economic opportunities in the South Side. Community engagement played a crucial role in shaping the project, leading to adjustments based on local feedback. The Chicago Department of Planning and Development provided substantial support through $18 million in Tax Increment Financing and additional funding sources.

Mayor Johnson emphasized that such investments are vital for attracting people, businesses, and jobs to the area. This development is anticipated to reactivate vacant land along the 79th Street corridor and bolster neighborhood investments. The project is a significant step toward ensuring that Chicago continues to thrive for generations to come.