AFL-CIO HIT Invests $11MM to Revitalize Affordable Housing in Chicago

The AFL-CIO Housing Investment Trust (HIT) announced today that it is providing $11 million to fund the substantial rehabilitation of the Hazel Winthrop Apartments and the Bronzeville Senior Apartments, two important affordable housing resources for Chicago residents. Work on the two aging housing developments is expected to generate approximately 150 union construction jobs. In Chicago’s Uptown community on the North Side, HIT financing will support much-needed improvements at the Hazel Winthrop Apartments, a four-building, scattered-site, affordable housing development built a century ago. In the city’s South Lakefront area, the HIT is financing the $8.8 million rehabilitation of the Bronzeville Senior Apartments, a source of affordable housing for Bronzeville community residents for over 25 years. All work on the two properties will be performed under collective bargaining agreements with local building and construction trades unions.

–  MarketWatch

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