Chicago mayor Lori Lightfoot announced microgrants grants for 11 projects across the city that promote affordability and walkable, people-friendly streets near transit as part of the city’s Equitable Transit-Oriented Development Pilot Program.

The $15.8 million rehab and conversion of the former elementary school into 50 apartments is the last of a trio of projects by the Richmond Redevelopment & Housing Authority and Enterprise Community Development to provide replacement housing for residents of the towers, which RRHA is looking to redevelop as mixed-income housing.

The event celebrated the completion of 50 new, modern apartment homes for seniors as well as the end of a three-phase redevelopment project to rehouse 200 elderly residents of the aging Fay Towers, built in 1976.

Baker Senior Apartments has 50 new, modern apartment homes for senior citizens. The apartments were part of a three-phase redevelopment project that re-housed 200 elderly residents from the Fay Towers, which were built in 1976.

Colorado’s housing affordability crisis long preceded COVID-19 but has been illuminated and exacerbated by the pandemic.

As Atlanta continues to expand and the need for housing grows, preservation must remain a central part of the strategy to ensure that housing can remain affordable for everyone.