ROGERS PARK — Two affordable housing buildings for seniors in Rogers Park will soon get updates throughout, as well as a 20-year-extension on their Section 8 housing contract, under a new $13.3 million sale and renovation plan.
Evergreen Investments acquired a 45-unit building at 1420 W. Farwell Ave. known as Farwell House, and a 40-unit building at 1345 W. Jarvis Ave. known as Jarvis House, and plan to give both buildings upgraded mechanical and structural updates, like improved electrical and plumbing systems.
“Chicago, like many cities across the country, is in the middle of an affordable housing crisis, so the preservation of the city’s existing affordable housing stock — particularly communities dedicated to seniors — is more vital than ever,” said Steve Rappin, president of Evergreen Investments, which will manage both buildings.
“The extension of the Section 8 program at each community will allow current residents to remain in their homes and give Chicago seniors a viable housing option as rents in the city continue to climb.”
Rappin said both buildings, which include a mix of studios and one-bedroom apartments, haven't seen significant upgrades since they were built more than 80 years ago.
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