LaSalle Street S.R.O. Reopens, Makes 0.001% Dent in Chicago’s Housing Crisis
Nine months after we reported that the Carling Hotel at 1512 North LaSalle Street was being renovated, the S.R.O. is open once again. The City of Chicago bought the rooming house for $10 million using money from its 2014 S.R.O. Preservation Initiative and the Affordable Housing Opportunity Fund. The property was then sold to Michaels Development for $3.8 million, which pledged to put $27 million worth of improvements into it....
Two Old Town S.R.O.’s Being Brought Up to Modern Standards
An Old Town S.R.O. is going to welcome low-income residents for a while longer. The Carling Hotel at 1512 North LaSalle Boulevard has a prime location just a block away from Lincoln Park, across the street from Carl Sandburg Village. Usually when we have S.R.O. news it’s about the old school form of low-income housing being torn down or converted into luxury condos. This time, one is being saved. Thanks to money from the new...
