CHA Touts Work Requirement Results
ABOUT 44 PERCENT of public housing residents in Chicago between 18 and 61 years old are working or attending school, reported the Chicago Housing Authority (CHA), which instituted a work requirement for its leaseholders about a year ago.
Getting Housing Back on Track
The first months on the job for Gloria L. Materre, executive director of the Illinois Housing Development Authority (IHDA), have been busy.
Saved by the Bell
TAILOR LOFTS FIRST CAME across Bob Clark’s desk back in 2007, and even pre-recession there was question as to whether to redevelop the historic downtown Chicago office building into a student housing community.
Getting Ahead of REO
TUNGSTEN REALTY ADVISORS, a Chicago-based investment and operating firm, has purchased two distressed notes on fractured condo projects in the past year.
Chicago Nonprofit Keeps Credit Flowing in Tough Times
The Chicago-based Community Investment Corp. (CIC) recently announced a five-year $400 million loan fund to help resuscitate the area’s affordable housing market.
After 23 Years, CHA Sheds Receivership
CHICAGO—A federal judge reinstated the Chicago Housing Authority’s (CHA’s) power to manage the development of public housing. The move ends more than two decades of court-ordered receivership for the authority.
NCSHA Speakers Cite Market Changes
CHICAGO—The low-income housing tax credit (LIHTC) market is better than it was a year ago thanks to additional equity, according to many at the National Council of State Housing Agencies conference.
300 Units in Chicago Preserved
CHICAGO—Mercy Housing Lakefront is leveraging $68 million to rehabilitate and preserve two apartment developments in the city’s Uptown community.
NEF Acquires Homestead Capital
CHICAGO—National Equity Fund, Inc. (NEF),has acquired Homestead Capital, a regional low-income housing tax credit (LIHTC) syndicator based in Portland, Ore.
MICHAEL BERNE, managing director and head of the seniors housing capital markets team at Chicago-based Jones Lange LaSalle , sees one key thing in seniors housing: Demand. Today, there are nearly 37 million people 65 or older in the United States, according to the Census. Fueled by the aging B aby...