The Chicago Housing Authority (CHA) Board of Commissioners approved the commitment of up to 55 Project Based Vouchers (PBVs) for Phase 1 of the Encuentro Square development in the Logan Square neighborhood. These vouchers will provide guaranteed housing stability in Logan Square for at least 20 years, with an estimated total contract value of over $20 million. “At CHA, we are working with our partners to invest in environments that catalyze families’ growth, health and economic independence. In the case of Encuentro Square, CHA’s investment means that families who need housing can remain in Logan Square, an area where rents are rising quickly, for years to come,” said CHA CEO Tracey Scott. Encuentro Square Phase 1 will consist of two buildings that will include 89 total one-, two- and three-bedroom apartments, including up to 55 PBV units available to applicants from CHA’s waitlist. The entire development is structured to provide 100 percent affordable housing. The CHA Board of Commissioners previously approved 37 PBVs for the development and is increasing that commitment by leveraging a new HUD funding tool. EREG Development, LLC (Evergreen) and Latin United Community Association (LUCHA) are the project’s developers.