Welcome to Chicago’s First ETOD: Habitat Co.

Welcome to Chicago's First ETOD: Habitat Co.

Habitat Company recently welcomed residents to 43 Green, the first equitable transit-oriented development (ETOD) on Chicago’s South Side. The 10-story property features 99 units and 5,500 square feet of retail space. Construction was led by a joint venture of Bowa Construction, McHugh Construction and architect Landon Bone Baker. Additionally, Habitat closed on the land and construction financing for Phase 2 with an additional 80-unit residential building totaling $100 million in mixed income/mixed use project costs. Financing included HUD insured Section 221(d)(4) first mortgage from Bellwether Enterprise Real Estate Capital; Low Income Housing Tax Credit (LIHTC) from City of Chicago through Fifth Third Bank via Stratford Capital Group; TIF grant & HOME loan from Chicago Department of Housing; plus a construction loan from Fifth Third Bank in Chicago. Residents moved into 43 Green earlier this month – marking an important milestone for affordable housing initiatives across the city!

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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