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The Marshall Field Garden Apartments is a large non-governmental subsidized housing project in the Near North Side neighborhood of Chicago, Illinois. The project occupies two square city blocks and was the largest moderate-income housing development in the U.S. at the time of construction in 1929. Marshall Field Garden Apartments has 628 units ...
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 addition to providing affordable housing for low-income families and combating blight, it also provided housing for industry workers during World War II and returning veterans after the war. By 1960, it was the largest landlord in Chicago. In 1965, a group of residents sued the CHA for racial discrimination.
Observers estimate the city needs more than 100,000 new affordable units to make up for the shortage. There are efforts underway to close that gap, but it could take years to accomplish. Chicago ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Some co-ops are subsidized housing because they receive government funding to support a rent-geared-to-income program for low-income residents. There are other co-ops that are market-rate and limited equity, these types of cooperatives do not receive government funding and are not subsidized housing. [2]
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