Put 10 students from local universities in a 5-bedroom, 2-bath apartment at $700 a month each and you have a $7,000 a month rental at La Casa in Pilsen.
The monthly rate’s not out of line with other student housing in downtown Chicago. If anything, it’s toward the lower end of the range, and it comes with a planned range of support services and some common area amenities.
La Casa has excellent access to public transportation and a lively street scene at its front door, but less than optimal proximity to local colleges and universities.
According to The Resurrection Project’s website, La Casa is funded with an $8.4 million capital grant from the Illinois Department of Commerce and support from philanthropic donors. The total cost of the 10-unit project was reported to be $11.6 million.
To qualify for La Casa students must be eligible for Pell Grants or be “a member of a household that is of low- to moderate-income levels.”