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Boulder Celebrates Grand Re-Opening of the Nest Communities

Apartments Communities Newly Modernized by The Michaels Organization, Element Properties , and Allison Management are Preserved as Three Key Affordable Housing Resources in the City of Boulder BOULDER, Colo., August 17, 2017 (Newswire.com) - City officials, community leaders, and residents today joined executives of The Michaels Organization, Element Properties , and Allison Management to celebrate the grand re-opening of three apartment communities that have been rehabilitated and preserved as affordable housing for families in Boulder households with low- and moderate- incomes. “The creation of the Nest Properties has been a tremendous opportunity to work with private partners to implement a key city strategy of preserving existing housing into permanent affordable housing . It’s a real win for our community,” said Kurt Firnhaber, Deputy Director of Housing for the City of Boulder. Known collectively as “The Nest Communities,” The Nest on Osage, The Nest on Thunderbird, and ...

Charlotte Housing Trust Fund could run dry soon

Charlotte’s biggest source of funding for affordable housing projects could soon run dry, as a City Council committee voted Wednesday to move forward with its biggest-ever round of new projects. It’s the latest step in the city’s push to create or preserve 5, 000 affordable housing units over three years, a goal City Council voted to adopt in the wake of the Keith Scott shooting and subsequent unrest last year. City staff said Wednesday that the city is almost halfway to that goal, though the total includes rehabilitated residences and down payment assistance for homebuyers, in addition to brand-new affordable units . The allocations from Charlotte’s Housing Trust Fund that the committee voted to move forward with Wednesday will provide financing for 769 new, income-restricted apartments in five buildings, though the projects also need approval for federal low- income housing tax credits . The aggressive approach to spending could build more apartments faster, but it will leave...

Plan Commission approves Roosevelt Library/CHA combo

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The Chicago Plan Commission on Thursday approved a controversial plan to build a new Roosevelt Library at the base of a Chicago Housing Authority building on Taylor Street. Roughly 560 Little Italy residents signed petitions urging the Plan Commission to put off a vote on the project, one of three in Chicago combining libraries with CHA housing, to give them more time to negotiate the size and scope of the project at 1350 W. Taylor. “The community has not had an opportunity to provide input to the proposed location, the scale of the building, the number of rental units and types of units, parking and other intended uses. We need to know the overall plan for little Italy and the CHA land,” said Mary Beth Howard , a Little Italy resident . Psychologist Michael Atella said his grandparents came to Chicago in 1913 and settled on the northeast corner of Taylor and Halsted. “We’re used to diversity. . . . We’re not here objecting to this plan as racists or anything like that or to b...