Chicago Housing Authority AgendaPacket Board of Commissioners Meeting 2026-05-26
CHA approves 30-year HAP deal for Flyover Flats
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Description
The Chicago Housing Authority approved execution of AHAP and HAP contracts with The Community Builders for the Flyover Flats affordable housing development, with an estimated total contract value of $14.16 million over 30 years. The agreement will support 13 project-based voucher units within a 55‑unit family building in Lake View.
Contract Details
Contract Amount
Initial Estimated Contract $297,684.00; Total Estimated Contract $14,162,440
Vendor
COMMUNITY BUILDERS
Agency
Chicago Housing Authority, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 25, 2026
Contract Term
30 years
Renewal Info
Initial AHAP agreement to progress to a 30-year HAP contract; CHA subsidy commitments lapse if financing is not secured by 2027-12-31.
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