Thursday, September 11, 2008

News-Star: "Start The Renovation"

Mercy Housing Lakefront Kicks Off Affordable Housing Preservation Initiative

By LORRAINE SWANSON, Editor

In a departure from the traditional groundbreaking, Mercy Housing Lakefront smashed a symbolic wall and then rebuilt it again, in celebration of the start of rehabilitation work at Malden Arms Apartments, 4727 N. Malden.

The Malden Arms Apartments complex represents the first 83 units in a preservation initiative that will include more than 600 units of affordable housing, spread across five buildings in Uptown and one in Lake View. The buildings are being refinanced and rehabilitated to make them more energy efficient and cost effective as affordable housing for formerly homeless persons.

Read the entire story here.

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11 comments:

  1. billyjoeSeptember 11, 2008 at 8:42 AM

    Remember that "Affordable Housing" is a euphemism for "Section 8."

    ReplyDelete
  2. BradleySeptember 11, 2008 at 8:44 AM

    Are these residents the "working poor" or are they drug dealers who are "poor" because they have no reportable income?

    ReplyDelete
  3. miss kittySeptember 11, 2008 at 9:13 AM

    5 buildings total - 4 in Uptown and only 1 in Lakeview. Nice way to spread it out...

    ReplyDelete
  4. Colin HoweSeptember 11, 2008 at 9:15 AM

    How many "police officers, firefighters, and teachers" will live here?

    ReplyDelete
  5. CapstoneSeptember 11, 2008 at 9:21 AM

    http://www.chicagorehab.org/resources/docs/other/CookCounty07/LIHTC_list.pdf

    list of low income housing that is expiring by 2011.... wonder how many shiller will save?

    ReplyDelete
  6. The Soul of Murray HumphriesSeptember 11, 2008 at 12:25 PM

    Wow. This building is receiving funds from the "Clinton Climate Change" fund?

    That's a nice score. Who knows whom here?

    ReplyDelete
  7. Jennifer WangSeptember 11, 2008 at 2:03 PM

    the soul of murray humphries:

    Chicago is one of the Clinton Climate Initiative cities and they are funding major energy efficiency work at the Sears Tower and the Merchandise Mart. It looks like they've also got funds earmarked for housing. http://apps1.eere.energy.gov/news/news_detail.cfm/news_id=11446

    I'm not sure how Mercy Housing Lakefront got the funds but they have been doing good work and have at least 2 successful 'green' affordable housing projects in Chicago already under their belt (Wentworth Commons in Roseland and Schiff Residences on Clybourn)

    ReplyDelete
  8. Uptown SuperHero!September 11, 2008 at 3:58 PM

    Let us do the math.. 600 apartments with Uptown receiving 80% of them or 480 apartments. For arguments sake, let us say 650 adults... or 650 more votes for Shiller in 2011... and how many votes did she win by last time???

    ReplyDelete
  9. chipdouglasSeptember 11, 2008 at 4:51 PM

    This building has been trouble this summer. Noise, loitering, gang activity.

    Lets keep making Section 8 housing green. Im sure the folks who havn't figured out how to pay a months rent are dying to move in to an energy efficient, money saving building.

    Any truth to the rumor Al Gore is going to be the landlord?

    ReplyDelete
  10. PBSeptember 11, 2008 at 6:18 PM

    Fantastic

    ReplyDelete
  11. WTF??September 12, 2008 at 11:27 AM

    Instead of making Section 8 green, how about giving residents a tax break to make their condos green?

    I'm sick of working and paying taxes to support people I see hanging out in the morning when I'm leaving for work and who are still hanging out when I come home work. I'm jealous.. I wish I had that kind of lifestyle with a roof over my head provided for.

    Something is definitely wrong with this system.

    I think the other wards and communities in this city need to be held responsible for their fair share of the Section 8.. I want to be able to walk around at 6:30 in the mornign on my way to the train and not hear rapid fire.

    Is that so wrong?

    ReplyDelete

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