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!
Geopolitical Tensions Pressure Global Economy as CRE Market Shows Resilience
Ongoing conflict in the Middle East is rippling through global supply chains and feeding into higher costs across the U.S.
Steve Griffin
April 24, 2026
