City Council Approves TRP’s Plan to Rehab and Preserve 155 Units as Permanent Affordable Housing
|City Council approved TRP’s plan to rehab and preserve buildings with a total of 155 units as permanent affordable housing. |
The 15 buildings, known collectively as the Casa Veracruz Apartments, are located in the Pilsen, Little Village and Back of the Yards communities. The unit sizes range from studios to four-bedrooms. The extensive preservation project will cost approximately $28.7 million.
The buildings were constructed or rehabbed between 1997 and the late 2000s to provide low-and moderate-income housing for households earning 60% Area Median Income (AMI) or below. The buildings require varying amounts of renovation and other improvements to be preserved for current and future residents as high-quality affordable housing.
“Casa Veracruz reiterates TRP’s continued commitment to investing in and preserving affordable housing. This project will improve the living conditions of over 500 individuals that call a TRP building home.” – Raul Raymundo, CEO and Co-Founder of The Resurrection Project.