Table Of Contents-
- Definitions
- Statistics
- Agencies
- References
Definitions-
- Affordable Housing- Affordable housing may only mean subsidized or public housing whereas in other cases it may include naturally occurring affordable housing or "affordable" by different incomes levels from no income households to moderate income but cost-burdened households
Statistics-
The change in 2 to 4 Unit Parcels in the City of Chicago by Neighborhood Market Type, 2013 to 2019
The housing prices growth started to slow during the second half of 2022, after the pandemic gains have left prices to be much higher from what they were a few years ago. While price growth can be beneficial for existing owners by improving levels of home equity, also can make it more difficult to find affordable properties for purchase. High mortgage rates have reduced the buying power of prospective homebuyers, while a limited inventory of homes is keeping prices high despite cooling demand.
The Chicago Housing Agency has fewer than 7,000 units in 14 Family public housing properties. Many of the properties that CHA had built was during or after World War II as an affordable and work force housing options for returning war veterans and their families.
The goals of the PAOH Initiatives are usually clear the affordable housing, good education, public safety, commercial growth, and sustainable development. The challenges that are faced in the affordable housing crisis is how to achieve these goals without displacing any residents or compromising a neighborhood’s traditional identity is a challenge shared by many city officials, real estate developers, and community organizers. “It’s always a balance,” says William Towns
The average price indices are a very important tool for measuring overall changes in prices within the economy and in broad well being. More Importantly, however, few families have monthly expenditures that are precisely in line with national aggregates. Instead, different families vary sometimes dramatically in their needs, tastes, and choices. So what is true for costs on average may not reflect the experience of any particular family. To understand the dynamics of prices and how they affect families differently, it is useful to think separately about the production of goods and services. Due to technological change, certain goods have fallen in price markedly over the last three decades. The Purpose of the Family Self-Sufficiency (FSS) Program is to empower people to take control of their lives by becoming independent, productive members of their communities.
Agencies- These many agencies talk about the affordable housing crisis in Chicago but also in the entire United States, The Chicago Housing Agency, Preservation Of Affordable Housing, Housing Authority of Cook County, Key Housing Challenges In The City of Chicago, The Cost of Living in America: Helping Families Move ahead
References-
(Public Housing) The Chicago Housing Authority, No date, https://www.thecha.org/residents/public-housing February, 21 2024
(POAH Chicago Home) Preservation Of Affordable Housing, No Date, https://www.poahchicago.org February 21, 2024
(Helping Citizens of Cook County) Housing Authority of Cook County, No Date, https://thehacc.org, February 21, 2024
(Institute For Housing Studies at DePaul University) Key Housing Challenges In The City of Chicago, June 21, 2023, https://www.housingstudies.org/blog/key-housing-challenges-city-chicago/ February 21, 2024
(The White House) The Cost of Living in America: Helping Families Move ahead, August 11, 2021, https://www.whitehouse.gov/cea/written-materials/2021/08/11/the-cost-of-living-in-america-helping-families-move-ahead/ February 21, 2024
