Island Terrace Apartments is a 21-story, 240-unit family high rise located in the Woodlawn neighborhood of Chicago. Developed in the late 1960s, it offers one-, two-, and three-bedroom units, with 88 of them assisted with a Housing Assistance Contract from HUD. The building is conveniently situated near the future site of the Obama Presidential Center and Jackson Park, and it provides easy access to bus and subway lines. On-site amenities include a community room, computer lab, large laundry room, and onsite management and maintenance services.
Under the ownership of Preservation of Affordable Housing (POAH), Island Terrace Apartments is undergoing renovations to modernize building systems, improve the building envelope, renovate units, and upgrade community spaces. The acquisition was made possible through collaboration with seller PNC Bank, strong support from the City of Chicago and the Illinois Housing Development Authority, and the utilization of tax credits. This project further demonstrates POAH's commitment to providing affordable housing options in Woodlawn.
Generated from the website