New affordable apartment complex being built on Chicago's South Side

CHICAGO - Sweet home, Chicago.

On Monday, city leaders broke ground on a new apartment complex in the Auburn Gresham neighborhood.

With nearly $40 million in city support, this is the first of more than 10 major construction projects as part of the city's INVEST South/West Initiative.

Mayor Lori Lightfoot says the initiative prioritizes community input and the use of Black and brown developers who are from the communities where these projects are taking place.

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"Since the onset of my administration, one of my hightest priorities has been bringing exactly the kind of transformative, catalytic work, and investment – real dollars – into historically underserved communities on the South and the West side," Lightfoot said.

The two-building, 58-unit mixed-use complex is being built on 79th and Greet Street.

All the apartments in both buildings will be priced at affordable levels, with monthly rental rates ranging from $925 to $1,250 per month.