Posts tagged "affordable"

Micro-Market Recovery Program hopes to redevelop foreclosed homes, neighborhood by neighborhood

Micro-Market Recovery Program hopes to redevelop foreclosed homes, neighborhood by neighborhood
Chicago is a city of neighborhoods, and Mayor Rahm Emanuel couldn’t agree more: This year, he began the second section of his neighborhood-based redevelopment plan that focuses recovery on some of the hardest-hit communities. Humboldt Park, Chatham, Chicago Lawn, West Woodlawn, Auburn-Gresham, West Pullman, Belmont-Cragin, Englewood and Grand Boulevard will all be part of the Micro-Market... Read more »

More on the "reach" for housing

The National Low Income Housing Coalition recently released its annual report highlighting the financial burden that housing bears on low-income households. Based on federal guidelines, households spending more than 30 percent of their income on housing are deemed “rent burdened.” Overall, 49 percent of Chicago-area renters earned too little to afford typical two-bedroom apartment last... Read more »