Financing stalls The Emerson

HACC in the Community

The head of the Housing Authority of Cook County says financing issues have stalled the planned mixed-income, high-rise development at 1900 Sherman Ave. in Evanston.

But Richard Monocchio, HACC’s executive director, says he’s hoping for good news soon on financing for a planned 60-unit affordable housing development at 504 South Blvd.

In an interview with Evanston Now, Monocchio said, “We didn’t close” on financing for The Emerson “before interest rates spiked.”

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