Pre-sales for New Englewood Crossings, a development of 135 single-family homes and two-flats, start this summer.
The project will span the 6th, 16th, 17th and 20th Wards in Englewood and will be bounded by 68th Street on the south, 63rd Street on the north, and Yale Avenue on the east and Morgan Street on the west, according to June Webb, managing broker of AMS Realty, which is marketing the project. The new homes will be designed by Brook Architecture, Inc. and built by McFoster Company, Inc., the general contractor for the project.
The developer is a team of nonprofit organizations: St. Bernard Housing Development Corporation, New Birth Community Care Center and the The Greater Englewood Parish Housing Association.
Webb says the project will “make an impact on the community by bringing affordable housing opportunities that will help transform the Englewood community.”
The development is part of the New Homes for Chicago program, which provides subsidies to buyers and caps prices. Single-family homes will be priced below $200,000, according to Webb. The two-flats have not been priced yet, although the program caps those at $265,000, according to the Department of Housing’s Web site.
As part of the program, 80 percent of the owners cannot earn more than 60 percent of the area median income, Webb says.
New Englewood Crossings is targeted at first-time buyers, Webb says. The single-family homes will be between 1,486 and 1,653 square feet. The two-flats with three bedrooms and two baths will be about 2,445 square feet and will have an optional basement.
Prospective buyers will be able to check out models for the project in August or September, and depending on pre-sales construction could begin around the same time, according to Linda Greene, co-owner of Lucas Greene Associates, LLC, a consulting firm hired by the developer. The project will be completed in separate five- to six-month stages over a few years, Greene says.