Land Sale, Incentives Approved for Morgan Park ‘Missing Middle’ Project

Land Sale, Incentives Approved for Morgan Park 'Missing Middle' Project

Four three-flat residential buildings will be constructed in Morgan Park through financial support and City land sales approved by City Council today.

Part of the Department and Planning and Development's Missing Middle infill housing initiative, the $7.8 million Far South Community Development Corp. project on the 10700 blocks of South Loomis Street and South Glenroy Avenue will receive up to $150,000 in City support for each of the 12 planned units. Funding will be provided through Housing and Economic Development Bond proceeds. Additionally, four City-owned lots will be sold for $1 each.

The Missing Middle program incentivizes the redevelopment of vacant City lots with market-rate buildings that have gone "missing" due to decades of disinvestment. Each completed structure will be sold to at least one owner-occupant as part of the initiative's community wealth-building goals.

For more information, visit the Missing Middle website.