City Of Chicago Awards $1 Billion Towards Affordable Housing Projects
The City of Chicago and Mayor Lori Lightfoot have announced the 24 recipients of a nearly $1 billion investment in affordable housing, the largest in Chicago history. All together the selected developments will bring 2,428 residential units across 14 neighborhoods in collaboration with Chicago Department of Housing. The winning proposals come from a list of 51 applicants and consist of new construction, preservations, and rehabilitation work.