New affordable housing development ribbon cutting at Clark and Estes

Ald. Joe Moore invites you to join him as the community celebrates the groundbreaking of a development that will bring 54 new quality affordable apartment units and street-level retail to the neighborhood and remove an eyesore on Clark Street. The groundbreaking of Clark-Estes Apartments takes place Friday, October 12th 3:30 p.m. southwest corner of Clark and Estes The residential portion of the development will include a mix of studios and one- and two-bedroom units. Of the 54 residential units, 42 will be reserved for residents at or below 60% of area median income ($35,580 a year for a single person, $50,760 a year for a family of four) and 12 units will be reserved for residents with incomes at or below 30% of area median income ($17,790 a year for a single person, $25,380 for a family of four). The development will also contain 3,300 square feet of retail storefront space, enough to accommodate up to three businesses. The retail space will include black iron to allow for a restaurant. More information here, https://www.ward49.com/news/new-affordable-housing-development-to-break-ground-at-clark-and-estes-this-friday/.