Kedzie Commons: 64 homes and neighborhood retail at Ogden & Kedzie

Prepared for a community development partner and the City of Chicago Department of Housing · Illustrative proposal, September 2026

A five-story, mixed-income building on a vacant corner in North Lawndale: … homes, … of them affordable under the 9% Low-Income Housing Tax Credit with income averaging (average limit … of AMI), … set aside for households at or below 30% of AMI, … family-sized two- and three-bedroom homes, and … SF of ground-floor retail.

Total development cost is … (… per home). Tax-credit equity, a first mortgage sized to …x coverage, energy incentives, sponsor capital and a deferred developer fee cover all but …, the city gap request: … per affordable home, with $… of other capital behind every city dollar.

Every number in this proposal is live. Change a rent, a cost or a rate in any table marked edit and the budget, the capital stack, the 15-year pro forma and the city gap recompute on the spot. Use the tabs above to walk through the program, the capital stack, the operating pro forma and the risk tables.