2037 N. Milwaukee Ave.

An 88-unit, LGBTQ-friendly housing development will be built in Logan Square through financial assistance approved today by City Council.

Planned for the northeast corner of Milwaukee and Campbell Avenues by the non-profit Metropolitan Housing Development Corp., the $23.6 million John Pennycuff Memorial Apartments will include a mix of studio, one-and two-bedroom affordable apartments targeted towards LGBTQ tenants.

Forty-one of the units in the triangular, seven-story building will be offered to residents with incomes up to 60 percent of area median income and the remainder will be leased to Chicago Housing Authority (CHA) tenants.

Existing site

On-site amenities will include a community room, laundry facilities, management offices, an outdoor patio, and ground-floor commercial space.

City support will include up to $16 million in Multi-Family Housing Revenue Bonds for construction financing and $564,000 in Low Income Housing Tax Credits that will generate $5.7 million in equity for the project. Additional funding will include $12 million in capital funds from the CHA and a private mortgage loan.

Designed by CSA Partners LTD, the brick and fiber cement-clad building will be named for LGBTQ rights activist John Pennycuff, who died in 2012. Another City-supported LGBTQ-friendly housing complex, Town Hall Apartments, opened in Lakeview in 2014.