Bickerdike Redevelopment Corporation

Annual Report

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2020 Bickerdike Accomplishments

Dear Friends,

Twenty-twenty has been a year like no other. Despite these unusual times, Bickerdike Redevelopment Corporation (Bickerdike) has made enormous strides in advancing our work.  

Twenty-twenty has been a year like no other. Despite these unusual times, Bickerdike Redevelopment Corporation (Bickerdike) has made enormous strides in advancing our work.

In 2019, we moved our Emmett Street project forward, which will include 100 affordable apartments right at the Logan Square Blue Line station! Together with our community partners, we are making sure that Logan Square families faced with being priced out of the community will have a home in their neighborhood.

We were also awarded tax credits (LIHTC) for the recapitalization and preservation of Victory Apartments, 107 affordable apartments in nine vintage, multi-family buildings in Humboldt Park, West Town, and Logan Square. We hope to close on financing and begin construction on each of these two projects in 2020. Additionally, this year we were honored to be selected for the revitalization of Wicker Park Apartments, 225 senior units, and approximately 110 newly constructed units, as part of the Bickerdike/Pennrose/CHA team. More to come in 2020!

We distributed PPE to residents and conducted wellness checks to ensure their well-being. We also worked collaboratively to mobilize food assistance to our most vulnerable residents, and made efforts throughout the year to successfully secure rental assistance for over 100 families who lost their income due to COVID.

In 2020 we celebrated two important victories for our communities with the closing on financing and the start of construction of two major projects. In September we broke ground on our Emmett Street Apartments. Emmett is a transit-oriented development (TOD) project situated in the heart of Logan Square that will provide 100 high quality affordable one, two, and three-bedroom apartments. Construction is on track to be completed in early 2022.

Another major triumph was in July when Bickerdike closed on financing for the recapitalization of Victory Apartments Preservation located across West Town, Humboldt Park, and Logan Square. These nine vintage buildings were overdue for renovation of the 107 apartments and common areas. The Victory Apartments renovation will provide residents with a newly rehabbed, energy efficient apartment, and a renewed sense of pride in the place they call home.

Another preservation success in 2020 included Bickerdike’s acquisition of the National Equity Fund’s limited partner interest in our Harold Washington Unity Coop, ensuring that this project will remain quality affordable housing for many years to come.

We were excited to have received an award of Low Income Housing Tax Credits for our Lathrop Phase 1B development, and predevelopment work is underway for these 74 mixed income apartments, which will add to the 414 apartments that were completed last year in Phase 1A.

2020 wouldn’t have been the same without the recognition we received from the Chicago Neighborhood Development Awards for our work on West Town Housing Preservation, and the 2020 Landmarks Illinois Richard H. Driehaus Foundation Preservation award for the rehabilitation of Lathrop Phase 1A.

Bickerdike is mobilized and looking forward to the year head. Even during these uncertain times, we continue to provide stability for our low-and-moderate income families for the well-being of their lives and the viability of our neighborhoods. There’s no place like home!

You can view the 2020 Annual Report here. Request a print copy of the annual report here.