The numbers don’t look good. The nation’s affordable housing deficit is worsening.
St. Cloud, Minn.—By combining soft debt with innovative construction to keep down costs, the Al Loehr Veterans and Community Studio Apartments is able to serve its mission of housing veterans and others at risk of homelessness.
Danville, Ill.—The New Holland, a 101-year-old building that once housed the local elite in this small town, was rescued from crime, decay, and abandonment last year and is now fully occupied by low-income residents.
ST. LOUIS—By making its units accessible and usable to all residents regardless of any physical limitations they may have, the 6 North development here is being cited as a model for other urban projects.
KANKAKEE, ILL.—A half-empty, crime-ridden property here that had entered foreclosure was rescued and rehabilitated through the combined efforts of a preservation-minded developer, lenders, and federal, state, and local officials.