The numbers don’t look good. The nation’s affordable housing deficit is worsening.
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.
Los Angeles—The Rainbow Apartments is a valiant effort by Skid Row Housing Trust to serve Los Angeles’ neediest at a time when market-rate loft developers have pushed into downtown, snatched up the available properties, and begin gentrifying the area.
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.