Shaped by the Sun
Studio Gang's daylighting research informs the dynamic profile of a residential high-rise in Chicago
Stormy Year for Windy City
IN THE LONG RUN, THE Chicago area apartment market is well-poised for sunny skies. But local owners will have to fly through a gathering storm to see the sunshine again.
COLUMN FINANCIAL, THE commercial real estate lending arm of Credit Suisse, officially closed its doors in late March, shutting down its remaining offices in Dallas, Los Angeles, and Chicago.
Housing and Economic Recovery Act: Median Incomes and Rent Growth at LIHTC Properties
The impact of the Housing and Economic Recovery Act of 2008 (HERA), as reflected in the 2009 median family incomes (MFI), has brought a welcome reversal to the problem of no rent growth at Sec. 42 low-income housing tax credit (LIHTC) properties, along with a few other benefits for underwriting...
Light, Plan, Form
Skyscraper. High-rise. Tall building. Office tower. Call it what you want, there is no denying that this building type plays a critical, ongoing role in architecture's lexicon. A uniquely American innovation that defines the skylines of New York, Chicago, and so many other cities, the skyscraper is...
Change Is in the Air
CHICAGO— Nov. 4, 2008, was an exciting day to be in the Windy City.
IHDA Names New Executive Director
Chicago—Gloria L. Materre, deputy chief of staff for Gov. Pat Quinn, has been appointed executive director of the Illinois Housing Development Authority (IHDA).
Nation’s Affordable Housing Need Grows
The number of renters with unaffordable housing cost burdens—those spending more than 30 percent of their income on rent and utilities—increased from 16.8 million to 17.4 million from 2006 to 2008, reports the National Low Income Housing Coalition (NLIHC).
Galante Outlines HUD’s Multifamily Commitment
Carol Galante, deputy assistant secretary for multifamily housing at the Department of Housing and Urban Development (HUD), addressed the Obama administration’s commitment to rental housing at AHF Live: The 2009 Affordable Housing Developers’ Summit in Chicago Oct. 27.
This is the Chicago suburb's first new apartment community in at least five years, and the submarket's vacancy rate was 5.3 percent in the third quarter of 2008, according to market research firm Reis, Inc.