Tiny House Thread

The new Sears home is an affordable apartment
www.msn.com/en-us/money/realestate/the-new-sears-home-is-an-affordable-apartment/ar-BBzt8lK?li=BBnb7Kz
In February, a nonprofit called Mercy Housing Lakefront opened 181 units of affordable rental apartments in a building that once housed Sears’ catalog printing plant. The site, located in a part of town called Homan Square, was well-suited to affordable housing for a number of reasons, said Mark Angelini, president at the nonprofit. It’s situated close to public transit and is a short commute from local job centers, and the old industrial floor plate gave the developer room to combine cheap housing with social services, such as early childhood education and health care.

“We were in a position to come and build affordable housing in a neighborhood with more amenities than more upscale neighborhoods could only dream of,” Angelini said. One-third of the units are set aside for renters making less than 30 percent of the area’s median income. Household income for the rest of the apartments is capped at 60 percent of area median income, or about $45,000 a year, Angelini said.