Evergreen Real Estate Group plans to renovate 1420 W. Farwell Ave., pictured, and 1345 W. Jarvis Ave. to improve accessibility for residents.
As Chicago and other cities struggle with a shortage of affordable housing, Taylor Johnson client Evergreen Real Estate Group is among the developers looking to preserve the limited number of affordable units that already exist. The firm recently acquired two affordable senior housing communities in Chicago's Rogers Park neighborhood -- a 45-unit building at 1420 W. Farwell Ave. and 40-unit building at 1345 W. Jarvis Ave. -- with plans to renovate both properties over the next 12 months. As Multi-Housing News reports, Evergreen also secured an extension of the properties' Section 8 programs, maintaining the affordability of the units through 2036.
