Oakwood Shores is 277 one, two, three, and four bedroom units located in Grand Boulevard and Oakland.
Oakwood Shores is approximately 94 acres located in Chicago's Grand Boulevard and Oakland communities, four miles south of the Loop and one third mile west of Lake Michigan. It is generally bound by 35th Street to the north, Lake Park Avenue to the east, Pershing Road to the south and Martin Luther King Jr. Drive to the west.
The site originally included more than 3,500 public housing units comprising the developments formerly known as Ida B. Wells, Madden Park, and Clarence Darrow Homes.
Construction of Oakwood Shores began in 2003 and will be completed over several phases. Three phases have been completed totaling 524 units of which 277 are CHA, 165 are affordable, and 145 are market rate. Upon completion Oakwood Shores will consist of 3,000 units of new rental and for-sale housing.
|One Bedroom (1/1)||715||Call for Price|
|Two Bedroom Two Bath (2/2)||1015||Call for Price|
|Two Bedroom (2/1)||874-918||Call for Price|
|Three Bedroom (3/2)||1502-1644||Call for Price|
Currently accepting wait list applications.Last updated on August 14th, 2019
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Chicago but actual income limits may differ for units at Oakwood Shores.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
Oakwood Shores is managed by The Community Builders, Inc..
Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.