C
hicago is launching a $75 million housing initiative on its South and West sides, offering developers 44 city-owned lots in Lawndale for just $1 each. The Missing Middle Infill Housing Initiative aims to create affordable homes in areas hit by long-term disinvestment. Developers can receive up to $150,000 per unit in subsidies to cover construction costs, provided they purchase a minimum of five lots.

    The program is funded through a $1.25 billion bond approved in April, which will provide $250 million annually for housing and economic development projects until 2028. The initiative prioritizes multifamily buildings, with single-family homes expected to be priced under $300,000. Two- and three-flat homes will range between $450,000 and $700,000, while six-flats could cost between $1.35 million and $1.65 million.

    The program has faced delays due to funding challenges, but city officials expect construction to begin by next spring. The initiative will expand to other neighborhoods like Englewood, Bronzeville, and Auburn Gresham, potentially adding up to 750 new housing units by 2028. With over 7,000 vacant lots available citywide, there is potential for further expansion.

    Alderman Monique Scott supports the program, despite concerns it may lead to higher housing costs in her community. She believes it could transform North Lawndale's appearance and encourage people to return to the area. The initiative aims to repopulate neighborhoods and create housing density by putting vacant lots back into productive use.