ALBANY PARK — The Oso Apartments development is currently accepting leasing applications for the building’s 100 percent affordable rental housing.
In May 2018, the Chicago Housing Authority approved the use of up to $10 million for the Oso project at 3435 W. Montrose Ave. as part of CHA’s Rental Assistance Demonstration program. The program is aimed at preserving the longterm affordability and upkeep of public housing.
The development project, which sits on the border between Irving and Albany Park, will feature 100 percent affordable rental housing. To be eligible, applicants will need to pass a background check and a review of their income.
To submit an application visit osoapartments.com.
Once completed, the Oso Apartments project, designed by Canopy / architecture + design, LLC, will be a five-story multi-family building with 48 units.
The project broke ground in October and construction is expected to be done by the end of September, according to Evergreen Real Estate development project manager Eric Meyer.
Amenities at Oso include on-site laundry, bike racks, a community room and an outdoor patio.
In July 2018, developer Evergreen bought empty land for the Oso project for $1.65 million. The developer then met with Ald. Carlos Ramirez Rosa’s (35th) office and the community to get their feedback on the project.
100 Percent Affordable Housing Development Breaks Ground In Albany Park
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