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The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
Gentrification, the process of altering the demographic and socioeconomic composition of a neighborhood usually by decreasing the percentage of low-income minority residents and increasing the percentage higher-income residents, [1] has been an issue between the residents of minority neighborhoods in Chicago who believe the influx of new residents destabilizes their communities, and the ...
Over 60% of all low-income families lived in majority white neighborhoods in 2000. However, this statistic describes the settlement patterns mainly of white low-income people. Black and Hispanic low-income families, the two most racially segregated groups, rarely live in predominantly white or majority-white neighborhoods.
Gentrification is marked by changing demographics and, thus changing social order and norms. In some cases, when affluent households move into a working-class community of residents (often primarily Black or Latino communities), the new residents' different perceptions of acceptable neighborhood behavior and cultural activity of pre-existing residents may be in conflict with the established ...
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.
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There is the highest percentage of people living in poverty and the lowest per capita income in the city. [7] In 2015, the community's per capita income was $11,515 compared to the poverty threshold of $12,082. [7] Numerous manufacturing plants, steel mills, landfills, and waste dumps border the 190 acre Altgeld Gardens site.
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