Chicago Heights Affordable Veteran Housing Complex To Begin Construction After Approval Of Federal Tax Credits

Chicago Heights
Photo credit (Google Maps)
CHICAGO HEIGHTS, Ill. (WBBM NEWSRADIO) -- A much-needed affordable housing complex for veterans in the south suburbs planned for part of the former site of St. James Hospital in Chicago Heights has cleared a major hurdle.
 
The approval of federal tax credits clears the way for construction on an 82-unit affordable housing complex for veterans at 1423 Chicago Rd. to begin as early as the start of next year.
 
Richard Monocchio, executive director of the Housing Authority of Cook County, said this is the first step in a broader county plan to meet the huge need for affordable housing for homeless and low-income veterans in the south suburbs.
 
"The south suburbs, especially, are in need of housing for low-income and homeless veterans," Monocchio said. "At least 2,000 in and around Chicago heights could benefit from this housing." 
 
He said the complex will house people with a variety of income and will have retail shops on the ground floor to bring in more business to the downtown area in an effort to revitalize Chicago Heights.
 
"That will attract more residents and be a catalyst for what we think can be more development in the south suburbs," he said.
 
He said the first residents of the complex could move in as soon as early 2022.