According to the Chicago Sun Times, “For $1, the city will sell the old Town Hall District station, 3600 N. Halsted, to Heartland Housing Inc., sources said. The nonprofit developer will incorporate the old station into new construction of about 90 apartments for senior citizens.”
The sale requires city council approval. Heartland Housing said it must secure tax credits and other funding sources to keep apartments affordable, with the funding process expected to take about a year. Apartments will be priced for lower-income renters.
Mayor Richard Daley, an LGBT rights champion who leaves office Monday, helped make the arrangements as a parting favor to the community. The area is represented by Alderman Tom Tunney, the first openly gay member of the City Council. Apartments will be priced for lower-income renters.
The Sun Times reports that, “The project will include ground-floor commercial space and social services provided in conjunction with the Center on Halsted next door. The $20 million center opened in 2007, billed as the Midwest’s first permanent community center for gays.”
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