The Chicago Housing Authority, The Michaels Organization and the U.S. Department of Housing and Urban Development (HUD) commemorated the official grand re-opening of Albany Terrace Apartments, a 17-story high-rise community serving seniors with low and moderate incomes that recently underwent an extensive $93 million rehabilitation. Upgrades to the 350-unit building include both interior and exterior renovations to all apartments and community spaces. Individual apartments have received new flooring, painting, LED lighting, upgraded kitchens and baths as well as HVAC upgrades, including central air conditioning, and new electrical and plumbing replacements. An on-site management office as well as tenant amenities, including a fitness center, package room, health and wellness center, first-floor laundry facility and community room have been added to the development. Exterior renovations include masonry repairs, walking paths, parking lot improvements, and more. The rehabilitation of Albany Terrace was financed through the U.S. Department of Housing and Urban Development’s (HUD’s) RAD program and support from the City of Chicago and the Chicago Housing Authority. US Bank was the project’s construction lender and tax-credit investor. A joint venture between Skender Construction and Blackwood Group led the rehabilitation efforts. Canopy Architecture + Design served as the project’s architect.

Photo Credit: Chicago Housing Authority