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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 ...
National Equity Fund, Inc (NEF) is a national non-profit syndicator of Low Income Housing Tax Credits (LIHTC). Created in 1987 as an affiliate of the Local Initiatives Support Corporation (LISC) and headquartered in Chicago, NEF is one of the largest non-profit LIHTC syndicators in the United States of America.
Erie Neighborhood House is a social service agency that works primarily with low-income, immigrant families in Chicago, Illinois. Operations began in 1870 as a ministry of Holland Presbyterian Church, a Protestant congregation located northwest of Chicago's Loop , and the organization quickly became part of the settlement house movement that ...
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The Chicago Community Trust (the Trust) is the community foundation serving Chicago, suburban Cook County, and the Illinois counties of DuPage, Kane, Lake, McHenry, and Will. Established on May 12, 1915, it is the second largest community foundation in the country as of 2020, with assets of more than $4.5 billion.
Not long ago, the Chicago area was one of the biggest markets in the country where a low-income family could afford a modest-priced home. But after prices soared during the COVID-19 pandemic, even ...
The median income for a household in the city was $38,625 in 2000, and the median income for a family was $46,748. Males had a median income of $35,907 versus $30,536 for females. Below the poverty line were 19.6% of the population and 16.6% of the families.
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