Casa Yucatán will provide 98 affordable rental homes for households earning 30% to 70% of the Area Median Income (AMI), with rents ranging from $551 to $1,768 per month.
The project received $15.8 million in financing and capital support from the Department of Housing (DOH), made possible by Mayor Johnson’s $1.25B Housing and Economic Development (HED) Bond.
Located at 2134-2136 S. Ashland Ave, Casa Yucatán will be an eight-story mixed-income, mixed-use development led by The Resurrection Project, transforming a long-vacant lot into a community center.
The development will include a mix of unit types, featuring 38 one-bedroom, 34 two-bedroom, and 26 three-bedroom apartments, designed with families in mind and located near the CTA Pink Line.
Casa Yucatán represents a significant investment in Pilsen, ensuring it remains a diverse and accessible community. The development includes 2,500 square feet of community space, featuring a multipurpose room, mail room, and training center. It also offers on-site management, laundry facilities, and storage. Mayor Johnson’s Green Social Housing ordinance, which made Chicago the first major city in the U.S. to implement the social housing model, further supports such projects. The development is strategically located near Benito Juarez High School and Cooper Dual Language Academy, providing residents access to opportunities across the city while contributing to increased economic vitality in Pilsen.
Q: What is the aim of the Casa Yucatán project?
The project aims to provide affordable housing options for families in the Pilsen neighborhood, ensuring longtime residents can stay in their community.
Q: How is the project funded?
The project is funded by Mayor Johnson’s $1.25B Housing and Economic Development Bond, with $15.8 million in financing and capital support from the Department of Housing (DOH).
Casa Yucatán is designed to offer affordable rental homes for households earning 30% to 70% of the Area Median Income (AMI).
The development includes a mix of one, two, and three-bedroom apartments, catering to families with diverse needs.
The project is part of Mayor Johnson’s Build Better Together initiative, focused on addressing Chicago’s housing crisis and building more affordable housing.
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