Community Development / Housing / Township News

More Than 140 Affordable Rental Units Preserved in Melrose Park

casa-heritage

Local community leaders and elected officials, including Cook County Board President Toni Preckwinkle and U.S. Sen. Dick Durbin gathered in Melrose Park on Sept. 29 to cut the ribbon on Casa Heritage, a 142-unit affordable housing complex that underwent a year-long rehabilitation. | Photos submitted

casa-heritage-photoTuesday, October 4, 2016 || By Michael Romain || @maywoodnews

Cook Cook County Board President Toni Preckwinkle, U.S. Sen. Dick Durbin, and other local community leaders and elected officials gathered in Melrose Park on Sept. 29 to cut the ribbon on Casa Heritage, a 142-unit affordable housing complex that underwent a year-long rehabilitation beginning last August.

The complex, which comprises seven two-story buildings containing studio and one-bedroom units, was renovated through a collaboration between the Resurrection Project (TRP), a community development organization, and the Habitat Company, a residential real estate firm.

“If Casa Heritage did not exist senior citizens like me would struggle to pay high rent and utilities,” noted Willa Mae Johnson, a Casa Heritage resident, in a joint statement the two organizations put out at the time of the ribbon-cutting. “I’m thankful for the new renovations because they represent new beginnings for the residents at Casa Heritage.”

“The need for affordable housing in Cook County is great, and support for projects like this has been a priority for my administration,” noted Preckwinkle.

TRP acquired Casa Heritage from Habitat at a sale price that was more than $800,000 below market value, according to the statement. The organization also secured numerous state and federal tax credits, loans and tax exempt bonds for the preservation project, which TRP officials said is estimated at around $17 million.

In addition to housing, residents will also have access to educational resources, such as financial workshops, budget tutorials and counseling on other housing options.

“Our goal has and will always be the creation of healthy communities where residents play an active role in the neighborhood revitalization,” said TRP CEO Raul Raymundo. “Casa Heritage represents our commitment to building on the assets of the community while preserving affordable housing in Melrose Park.”

Rent at Casa Heritage ranges from $550 a month for small studio apartments to $690 a month for a one-bedroom apartment, according to apartments.com.

For more information on Casa Heritage, click here. VFP

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