A Legacy of Affordable Rental Housing Development
LUCHA’s Building Development Program designs, builds, rehabs, and manages affordable rental housing property developments for low-income residents (50% or less of Area Median Income) within Chicago’s Humboldt Park and Logan Square communities. LUCHA’s work in this area reflects findings from a number of housing leaders. For example, a recent study from the DePaul Real Estate Center found a loss of two affordable rental units for every new unit built in Chicago. Upwards of 49% of Cook County households pay 30% or more of their income in housing while the existing supply of affordable housing meeting less than 50% of overall demand. In addition, the Chicago Housing Authority has reduced the total public housing stock to only 25,000 units in the last decade. Thousands of families have been displaced or relocated as a result, and by 2020, an estimated 185,000 families will be searching for affordable rental housing in Chicago.
To this end, LUCHA currently manages 153 rental units of affordable rental housing divided across three developments: 1) Humboldt Park Residence (HPR) – a 68- unit SRO facility with semi-private bathrooms; 2) Borinquen Bella- a 47- unit scattered-site development of one-, two-, and three-bedroom units; 3) Madres Unidas- a 36-unit scattered site development of two- and three-bedroom units; and 4) Tierra Linda – a 45 unit scattered site development which broke ground in July, 2017 and will be completed by January, 2018.
Current LUCHA Properties
Meaning “Beautiful Puerto Rico,” our 47-unit Borinquen Bella development boasts two of Chicago’s most iconic murals of Puerto Rican Heritage. Borinquen Bella features one, two, and three bedroom units throughout scattered sites in West Town.
Humboldt Park Residence
Humboldt Park Residence (HPR) is a Single Room Occupancy building for at-risk and formerly homeless individuals. HPR features supportive services, and rooms are fully furnished. Bathrooms are are shared between two units.
Madres Unidas was founded by the activism of single Humboldt Park mothers in 2006. Madres consists of ten 3 flat buildings and one 6 flat building – each unit modern and spacious, featuring wall-to-wall parking, and parking.
Pending construction in 2017, Tierra Linda is a 45 unit development which bridges the gap between affordable housing and green technology. Tierra Linda units will be located near the 606 Trail, built to Enterprise Green Communities standards.