"To sustain investment, Jaeger said Chicago and the state of Illinois should consider expanding the use of tax incentives for investors willing to finance affordable housing. Other states such as California established far more extensive tax credit programs to create and preserve affordable housing," said Jeffrey Jaeger, Principal and Co-Founder of Standard Communities.

Standard Communities’ affordable housing preservation and expansion efforts at an [...]

"William [Conger] was very deliberate in laying out the mural to fit our building, including a fairly detailed analysis of how each window would face the completed image. Since each unit window reveals only a portion of the mural, William took great pains to ensure that there were “paintings within the painting” that made compositional sense," said Robert Koerner, Standard’s Chief Investment Officer.

"Utilizing private capital and working with the Illinois Housing Development Authority, the Chicago Housing Authority and the U.S. Department of Housing and Urban Development allowed us to achieve the best possible outcome for current residents and for the communities where these properties will provide much needed, high-quality affordable housing for generations,” said Robert Koerner, Standard’s Chief Investment Officer.