Heiwa Terrace, Chicago, IL

Heiwa Terrace is an existing 201-unit residential development that provides subsidized housing for seniors and disabled persons in Chicago’s Uptown neighborhood. In addition to the residential units, the facility includes ground-floor common areas and offices for building administration and service providers.

Heiwa Terrace will undergo substantial renovations and reconfigurations that include: improvements to several building systems including mechanical systems, roof repair or replacement, and repairs to the building envelope including a new window system; renovation and reconfiguration of ground-floor common areas and office spaces to grow office capacity and increase the efficiency of space usage; and modernization and upgrades to residential units. Heiwa Terrace plans to use 4% LIHTC and tax exempt bonds to finance these improvements.

Uptown, Chicago, IL




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