Cecil Newman Apartments
701-729 Emerson Ave. N.
Legacy Management and Development and the Northside Residents Redevelopment Council plan to stabilize this 64-unit, eight-building property in Near North. The project will include new siding, adding pitches to the roofs, new heating and ventilating systems, extensive regarding, and addressing health and safety items.
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Developer: |
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City Financing: |
$5.7 million Housing Revenue Bonds |
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$188,000 Affordable Housing Trust Fund 2003 |
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$600,000 Affordable Housing Trust Fund 2004 |
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$443,000 existing Family Housing Fund |
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$694,000 existing MCDA financing |
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$398,610 Low-Income Housing Tax Credits |
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Total Development Cost: |
Approximately $10.3 million |
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Number of Units: |
64 |
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Unit Sizes: |
8 one-bedroom, 28 two-bedroom, 28 three-bedroom |
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Renovation expected to begin: |
2005 or later |
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Completion date: |
2006 |
Information subject to change.
June 2005
Last updated Oct. 28, 2011