Bickerdike’s deep commitment to preservation is demonstrated by the fact that every affordable rental unit we’ve ever developed remains quality, affordable housing and is on a solid foundation to continue as a future asset for low-income families in our community.
Boulevard Apartments Preservation Project
Boulevard Apartments Preservation is the preservation, recapitalization, and rehabilitation of 70 units of affordable housing located in three (3) separate walk-up buildings in West Town, Humboldt Park, and Logan Square.
The Lathrop Project is an effort to convert the Julia C. Lathrop Homes (“Lathrop Homes”) from public housing into a cutting edge, mixed-income development. Lathrop Homes were originally constructed in 1938 as one of the first developments commissioned by President Franklin D. Roosevelt’s Public Works Administration and is one of the City’s first public housing developments.
Harold Washington Unity (HWUC) Preservation & Recapitalization
We have been working closely with HUD and the City of Chicago on a financial restructuring plan for Harold Washington Unity Cooperative to preserve 87 units in 18 buildings we built in 2004. In June, we applied for $2.8 million in new City funding to retire debt, pay for capital repairs and recapitalize the project’s replacement reserves. We are working toward closing in early 2023.