BCBI Projects
Morgan Park Commons Phase I
Morgan Park Commons Phase I
Morgan Park Commons Phase I
80-Units of Rental Housing | 10,000 SF of Retail | 3-Acres Park Area
East Morgan Park, Chicago
Estimated Completion: 2024
107 Jackie Robinson Terrace
Morgan Park Commons Phase I
Morgan Park Commons Phase I
60-Units of Mixed-Use Housing | 20,000 SF of Retail | JR & MTT Connection
Washington Heights & Roseland, Chicago
Estimated Completion: 2026
The "101" Residences
Morgan Park Commons Phase I
Lavizzo Modular Homes
36-Units of Mixed-Use Housing | 15,000 SF of Retail | Public Art Display
Washington Heights, Chicago
Estimated Completion: 2025
Lavizzo Modular Homes
Single-Family Home Renovations
Lavizzo Modular Homes
100-Units of Single-Family Homes | 170,000 SF | Affordable Modular Housing
Roseland, Chicago
Estimated Completion: 2025
Single-Family Home Renovations
Single-Family Home Renovations
Single-Family Home Renovations
19-Units of Single-Family Home Renovations | 25,130 SF | Affordable Housing
Varies on Chicago's Far South Side
Estimated Completion: Ongoing
Welcome Center & Art Gallery
Single-Family Home Renovations
Single-Family Home Renovations
20,000 SF Welcome Center & Art Gallery | 2 Miles of MTT Bike Trail | Public Art Display East Morgan Park, Chicago
Estimated Completion: 2024
Direct Community Wealth Building
Down Payment Fund for Renters
Far South CDC will set up a Down Payment Fund for renters that live in Morgan Park Commons, 107 Jackie Robinson Terrace, and The “101” Residences to be utilized toward the down payment toward either:
1) the purchase of a single-family home within the Washington Heights, Roseland, West Pullman, and East Morgan Park neighborhoods in Chicago; or 2) opening of a small business (e.g. e-commerce, retail storefront, etc.)
Minority Contracting Opportunities
Through the proposed $138.6 million in real estate development, BCBI will generate over $100+ million in construction and construction-related opportunities for BIPOC-led (Black and Indigenous People of Color) companies.
Homeownership
The BCBI project will provide homeownership opportunities through the renovation and new construction of 119-affordable-single-family homes within the far south side neighborhoods of Roseland, West Pullman, Washington Heights, East Morgan Park, Chatham, South Chicago, and Auburn-Gresham.
Direct Community Service Grants
BCBI will contribute $1.5 million that is built into the development budgets and an additional $1 million contribution from developer fees gained by Far South Community Development Corporation that will be reinvested towards Community Service Grants totaling $2.5 million. These grants will be used to improve existing conditions and create opportunities for residents and businesses in the BCBI target community focus areas:
Lavizzo Elementary School
In support of building 100-modular single-family homes surrounding the Lavizzo Elementary School, Far South Community Development Corporation will contribute a $500,000 grant to Lavizzo Elementary School for building improvements or technology infrastructure. Additionally, families that are enrolled in Lavizzo Elementary School will have priority in obtaining a new single-family home.
Altgeld Gardens
Far South Community Development Corporation's BCBI will contribute a $500,000 grant to residents living in Altgeld Gardens for housing, food insecurity, and health and wellness activities.
Home Renovation Grants
To support and provide critical home renovations for residents, BCBI's projects will contribute a $500,000 grant toward home renovations in Washington Heights, Roseland, West Pullman, East Morgan Park, and Riverdale. The average grant size would be up to $25,000 for permanent home repairs.
Small Business Grants
Through the development activities, Far South Community Development Corporation will contribute a $500,000 grant toward existing small businesses along the South Halsted Business Corridor. The average grant size would be up to $10,000 per business for operations, equipment and supplies, and building improvements. These grants can be paired with existing area grants such as the Facade Enhancement Grants, Small Business Improvement Funds, and Neighborhood Opportunity Fund.
Welcome Center & Art Gallery and Renovation of Major Taylor Bike Trail
The wealth shared via Far South Community Development Corporation through the revenue generated from the collection of residential and commercial rents, developer’s contributions and the net profits from the sale of single-family homes will contribute to $529K in funds toward the Center Hub and 2-mile MTT renovation from 107th Street to 122nd Street. Project Amenities will include an Art Gallery for local artists, Divvy Bike Station & Café, Weekend Farmer’s Market, 2 Miles of Major Taylor Bike Trail Renovation, Mini Health & Fitness Gym, and Training Classrooms.
Direct-Wrap Around Services
Our Partnerships & Collaborations
