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CHA is the largest rental landlord in Chicago, with more than 50,000 households. CHA owns over 21,000 apartments (9,200 units reserved for seniors and over 11,400 units in family and other housing types). It also oversees the administration of 37,000 Section 8 vouchers. The current acting CEO of the Chicago Housing Authority is Tracey Scott.
The crisis has been particularly hard on immigrants, people of color, and lower-income families who became north suburban homeowners in the last two decades. More than 14,500 homes were foreclosed in Chicago's northern suburbs between 2005 and 2013, according to an Open Communities' analysis of Woodstock Institute foreclosure filings data. [10]
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Enjoy Highland Park/Facebook. Commute time to/from Downtown by car: 36 minutes Commute time to/from Downtown by Metra: 45 minutes on express line Median Home Price: Around $675,000 This charming ...
A nonprofit community lender is taking a new approach to small business lending in Chicago: It will no longer consider credit scores or collateral in deciding whether an applicant should get a loan.
Altgeld Gardens Homes is a Chicago Housing Authority (CHA) public housing project on the far south side of Chicago, Illinois, United States, on the border of Chicago and Riverdale, Illinois. The residents are 97% African-American according to the 2000 United States Census . [ 1 ]
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