More than $3.4 million in loans will flow from the Chicago Housing Authority to Related Midwest, the developer charged with building Roosevelt Square, the stalled effort to remake the ABLA public housing development.

Two separate loans the housing authority’s board approved Tuesday will help pay for two, 64-unit rental buildings on Roosevelt Road between Racine and Loomis, and 57 units of rental that will spread over a variety of parcels between Roosevelt, 15th Street, Throop and Blue Island.

In spite of the availability of public dollars, it’s still unclear when construction will start. Related has yet to secure all the financing, and Kerry Dickson, a vice president with Related, demurred when asked when shovels might start hitting the ground. Last summer, he told Chicago Journal the project faced a gap of around $8 million.

“There’s no definitive schedule at this point,” he said. “There’s a substantial amount of time and effort and money that needs to go into planning.”

Related will use the money for architectural and legal fees, and other pre-construction costs, Dickson said.

Roosevelt’s Square’s second phase, the very first part of which these loans will support, was supposed to be completed by now, according to projections made during rosier economic times.

Instead, sections of the Near West Side along Roosevelt between Halsted and Ashland are a mix of new buildings — 591 of the 2,443 units planned for Roosevelt Square are up — refurbished public housing and many empty, windswept lots.

Of the 185 new housing units envisioned in this phase, 112 will be market-rate rentals; 49 will be rented to public housing residents; and the remaining 24 will be rented out at below-market prices.

Eight units in each of the two 64-unit buildings will be slated for public housing residents, with the remainder rented out at market rates.

Half of the units in a 30-unit building sited between Throop, Blue Island, 15th and a yet-to-be-built new police station, will be filled by ABLA residents who need “extra supportive services or are on the verge of becoming homeless,” a CHA staff letter to the agency board reads.

Services are expected to include job training and employment referrals, education about personal finance and substance abuse and mental health help.

The loans must be repaid in full to the housing authority at the closing of each “sub phase” of this part of the development. No more than $4 million in public money is to be loaned to the firm.