{"id":7512,"date":"2016-02-05T14:22:25","date_gmt":"2016-02-05T20:22:25","guid":{"rendered":"https:\/\/resurrectionproject.org\/?p=7512"},"modified":"2020-01-05T13:40:58","modified_gmt":"2020-01-05T13:40:58","slug":"7512-2","status":"publish","type":"post","link":"https:\/\/resurrectionproject.org\/es\/7512-2\/","title":{"rendered":"The Resurrection Project (TRP) continues to respond to the affordable housing challenge by unveiling state-of-the-art, 45-unit Casa Quer\u00e9taro in the Pilsen Neighborhood"},"content":{"rendered":"

 
\nFebruary 5, 2016
\nFor Immediate Release
\nMedia Contact: Diana Pando, 312-880-1140 \/dpando@resurrectionproject.org
\nThe Resurrection Project (TRP) is proud to announce the completion of Casa Quer\u00e9taro, a brand new, state-of-the-art apartment building in Pilsen. Casa Quer\u00e9taro, which has 45 units of quality, affordable housing, was created to help working families stay in the neighborhood while enjoying the amenities, safety, and comfort of a modern home.
\nTRP, community stakeholders, and elected officials will celebrate this community achievement on Tuesday,<\/strong> February 9th<\/sup> at 2:30 p.m. at Casa Quere\u0301taro, located at 2012 West 17th<\/sup> Street, Chicago, IL 60608.<\/strong>
\n\u201cThe Resurrection Project continues its commitment to balanced development by creating affordable and dignified housing for working families,\u201d said Raul Raymundo, TRP\u2019s CEO. \u201cThe new construction comes at a time when people are struggling to find housing within their budgets and TRP is proud to be able to offer quality, safe housing people can afford.\u201d
\nWhile Casa Quer\u00e9taro is a beautiful building and community asset it wasn\u2019t always this way. Prior to the construction TRP and area residents organized to tear down the abandoned silos that used to be on the vacant lot where Casa Quer\u00e9taro now stands. The silos were a magnet for vandalism and criminal activity, and the site itself was often used to burn tires, creating a health hazard for area families and children.
\n\u201cWe are delighted to partner with TRP, said Eugene Jones, Acting CEO of the Chicago Housing Authority. What we’re doing here today is the future, ensuring that Chicagoans can find the affordable housing they need in the neighborhoods they call home.\u201d
\n\u201cCitibank is proud to collaborate in partnerships like Casa Quer\u00e9taro because together we can strengthen local communities and support the expansion of affordable housing opportunities for families in Chicago,\u201d said George Wright, Citi Community Development \u2013 Global Consumer Group . Citibank provided $8.5 million as bond financing that was used during the construction of Casa Quer\u00e9taro.
\n\u201cTRP has a proven track record of transforming at-risk communities into communities of promise by providing safe, affordable housing,\u201d said Mike Jacobs, Senior Vice President of Acquisitions\/Originations of the National Equity Fund. \u201cNational Equity Fund provided $5.3 million in equity from 4% Low Income Housing Tax Credits proceeds to finance this project.\u201d
\nAlderman Daniel \u201cDanny\u201d Solis of the 25th<\/sup> Ward also commented on the importance of projects like Casa Quer\u00e9taro to transform the community. \u201cOur partnership with TRP is helping to provide affordable housing solutions to families,\u201d said Alderman Solis. \u201cTo-date TRP is the leading developer in the neighborhood that has provided over 370 units of quality housing in Pilsen to ensure families can afford a dignified place to live.\u201d
\nCasa Quer\u00e9taro represents a $15 million investment in Chicago\u2019s Pilsen community that has created jobs and economic opportunity. In the summer, TRP will host a community celebration for families to come and learn more about this new community asset.
\nThe project is possible thanks to significant investment from the following financing partners: City of Chicago\u2019s Department of Planning and Development, Citi Community Capital, Chicago Housing Authority and The National Equity Fund. The architects are DesignBridge Ltd., the general construction company was DENCO Construction, Inc.
\nThe completion of Casa Quer\u00e9taro is just the beginning of TRP\u2019s Vision 2020<\/em>,<\/a> a five-year strategic plan that will allow TRP to do more in five years than in the last 25.
\nABOUT TRP: <\/strong>
\nAfter 25 years and an initial seed capital of $30,000 from area parishes, The Resurrection Project (TRP) is a powerful and effective social enterprise that seamlessly blends community development, community organizing, and advocacy with human services delivery to create vibrant, healthier and involved communities. Our efforts have resulted in leveraging $346 million in community investment.
\nLearn more about TRP\u2019s Real Estate Development Department\u2026 <\/a>
\n<\/strong>
\nLearn more about TRP\u2019s apartments\u2026<\/a><\/strong>
\nApply to Casa Quer\u00e9taro…<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  February 5, 2016 For Immediate Release Media Contact: Diana Pando, 312-880-1140 \/dpando@resurrectionproject.org The Resurrection Project (TRP) is proud to announce the completion of Casa Quer\u00e9taro, a brand new, state-of-the-art apartment building in Pilsen. Casa Quer\u00e9taro, which has 45 units of quality, affordable housing, was created to help working families stay in the neighborhood while […]<\/p>\n","protected":false},"author":1,"featured_media":11136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,22],"class_list":["post-7512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-trp-news"],"yoast_head":"\nThe Resurrection Project (TRP) continues to respond to the affordable housing challenge by unveiling state-of-the-art, 45-unit Casa Quer\u00e9taro in the Pilsen Neighborhood | The Resurrection Project<\/title>\n<meta name=\"description\" content=\"  February 5, 2016 For Immediate Release Media Contact: Diana Pando, 312-880-1140 \/dpando@resurrectionproject.org The Resurrection Project (TRP) is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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