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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.
By the early 1990s, the buildings had fallen into disrepair. In 1997, the CHA initiated a process of financing and redevelopment that spanned 9 years, ending in 2006. [5] The property is currently mixed-income, with a combination of middle-class residents paying market rate, plus low-income families and senior citizens with Section 8 vouchers.
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 ...
In 1944, the CHA purchased the site to build a 422-unit apartment complex of low-rise buildings and row houses. Wentworth Gardens opened in 1947 for returning World War II veterans and later thousands of low-income African American families in a tight-knit community.
The LIHTC, established in 1986, stands as a groundbreaking departure from the typical structure of supply-side housing programs, which primarily relied on subsidizing low-income housing. As of 2010, this innovative approach yielded the construction of 1.5 million low-income housing units. [33]
Cabrini–Green Homes are a Chicago Housing Authority (CHA) public housing project on the Near North Side of Chicago, Illinois.The Frances Cabrini Rowhouses and Extensions were south of Division Street, bordered by Larrabee Street to the west, Orleans Street to the east and Chicago Avenue to the south, with the William Green Homes to the northwest.
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