09/12/2024 | Press release | Distributed by Public on 09/12/2024 14:43
The Chicago Housing Authority (CHA) continues to make steady progress on its Restore Home initiative, fully restoring and leasing several multi-family buildings and single-family homes that were previously vacant due to extensive repair needs.
Announced in late 2023, Restore Home is a major capital effort to renovate and rehabilitate vacant buildings in the small and medium-sized apartments portfolio (commonly known as "scattered sites"). Approximately three dozen small and medium-sized vacant apartment buildings around the city have been targeted for renovation, with more than 175 units brought back into leasable condition by mid-2025. An additional 40 single family homes are being renovated and made available for leasing or affordable homeownership opportunities.
CHA pledged to invest up to $50 million over eighteen months under Restore Home.
At Thursday's meeting, CHA's Board of Commissioners approved contracts totaling more than $17 million dollars to renovate four additional buildings that will bring 60 apartments back into leasable condition. These include:
Work on these buildings is expected to be completed by mid-2025.
As of August 31, 2024, under Restore Home:
"Today's Board action demonstrates that CHA is doing what we said we would do - providing quality living environments in strong communities that help families move forward. We are proud of the progress that we've made on the Restore Home initiative to date and are excited to begin this next phase of work," CHA CEO Tracey Scott said.