The $16 million development is located on the South Side in the Woodlawn community.
The affordable rental complex was developed by the Interfaith Housing Development Corporation of Chicago with support from the city of Chicago.
"Grandparents to me have a great wisdom and the love and affection of not only their children, their grandchildren but other children. And we have to remember that. And so in this day and age it is important to provide a quality of life, not only for a grandparents but for their grandchildren," said Daley.
Coppin House will also provide homes for young adults who are transitioning out of the state's foster care program.