Back Of The Yards Affordable Housing Community Hub Will Bring More Local Businesses To 47th Street

By Madison Savedra posted on BookClubChicago.org

BACK OF THE YARDS — The team behind the winning Invest South/West proposal to overhaul Back of the Yards’ retail corridor is joining forces with a developer that lost out on the city bid, broadening the scope of the project to bring in local entrepreneurs.

The city chose United Yards, a proposal from Celadon Partners and Blackwood Group, as the winning bid in 2021 to transform the lot at 1515 W. 47th St. with affordable housing units and an opportunity hub as part of Invest South/West. The city program is focused on providing funding to spur development in under-resourced neighborhoods.

The plans include creating independent senior living units at the Rainbow building, 4701 S. Ashland Ave., and building a pair of three-flats at 1641 W. 47th St.

To read the full article Back Of The Yards Affordable Housing, Community Hub Will Bring More Local Businesses To 47th Street (blockclubchicago.org)

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