Cook County Opens First Homes as Part of $12M Modular Pilot Program

Cook County Opens First Homes as Part of $12M Modular Pilot Program
News| July 2, 2025| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

A ribbon-cutting ceremony was held Wednesday morning to celebrate the completion of the first two of 120 planned modular-built houses, part of a broader $12 million affordable housing pilot program.

Cook County Board President Toni Preckwinkle joined local officials and representatives to announce the completion of the first two homes that are part of the Cook County Modular Homes Pilot Program. The $12 million initiative is focused on the Humboldt Park neighborhood in Chicago, Chicago Heights and Proviso Township.

Both homes are located on the 800 block of North Homan Avenue in Humboldt Park. They are the first of 12 homes to be constructed on 12 vacant lots provided by the Cook County Land Bank Authority (CCBLA). The CCLBA transferred ownership of the lots to a nonprofit development company, Inherent Homes, which builds each home in its North Lawndale facility on the West Side of Chicago and transports them to the vacant lots.

Other News

Benedict Canyon Acquires Neighboring West Hollywood Properties

California & West + Apartment Buildings

Marcus & Millichap completed the sale and financing of 884 and 939 Palm Ave., two multifamily properties totaling 72 units in West Hollywood. The assets traded for $29.85 million, or $414,583 per unit. Tony Azzi and Rabbie Banafsheha of The Azzi Group of Marcus & Millichap exclusively represented the seller, a private family investor. Azzi,...

Learn more

JLL Arranges Refi for Mixed-Use Residential on Long Island’s South Shore

New York & Tri-State + Apartment Buildings

JLL Capital Markets arranged a $154.25-million refinancing for Greybarn Amityville, a mixed-use residential property in Amityville, NY, owned by Rechler Equity Partners. Senior managing directors Peter Rotchford and Andrew Scandalios and director Clayton Ross arranged the financing through PCCP, LLC. “Lenders are looking closely at how a multifamily property performs today and at the owner’s...

Learn more

RioCan Repositions $235M In Assets, Including 80-Storey Yorkville Tower

Canada + Apartment Buildings

RioCan is shifting $235M in residential development assets toward commercial uses, a move disclosed in its third-quarter results that raises questions about plans for an approved 80-storey condominium tower on Toronto’s Mink Mile. The tower at 83–95A Bloor St. W., planned with Parallax, received zoning approval in December 2024. But RioCan’s latest financial statements identify...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up