The Casa Veracruz Preservation Project will rehab 155 units across 15 buildings in Pilsen, Little Village, and Back of the Yards, all of which are currently managed by The Resurrection Project. This initiative will allow for much-needed structural updates, improving the living conditions for over 500 individuals.
In total, Casa Veracruz will refinance, improve, and preserve 15 buildings scattered across 14 sites currently owned and managed by The Resurrection Project. 108 of the units are LIHTC properties that have reached the end of their compliance period and 49 units are currently rent restricted properties that had been previously financed by the City of Chicago.
The properties will receive a moderate rehabilitation with construction spending averaging $100,000 per unit. The strategically targeted work will address needed updates for the continued quality and permanently affordable operation of the rental buildings into the future. Casa Veracruz will impact families who earn between 30-60% of Area Media Income (AMI) and will invest into the homes of over 500 individuals.
The following properties will be affected by this rehabilitation:
1910 South Albany
2124 W. 19th St.
2243 S. Central Park
Casa Tabasco, 2301 S. Drake
Casa Sor Juana, 2700 S. Drake
Casa San Luis, 1640 S. Throop
Casa Puebla, 2014 S. Racine
Casa Oaxaca, 1714 W. 19th St.
Casa Monterrey, 967 W. 19th St.
Casa Hidalgo, 4600 S. Wood
Casa Guerrero, 963 W. Cullerton
Casa Guanajuato, 1313 W. 19th St.
Casa Chiapas, 1712 W. 17th St.
Casa Colima, 1427 W. Cullerton