My proposal is based on information found on line and as such is an aggregate proposition so please don't hassle with details concentrate on the spirit of my idea. The 2012 budget for C.H.A is $ 881,000,000.00 the number of adults living in C.H.A. housing is 20,000. $881,000,000.00 / 20,000 adult residents = an operating cost of service of $44,050.00 per adult per year. the average rent for a nice apartment in Chicago ...more »
Funding for the Future
The market rate owners of mixed income units should get a refinancing deal with current rates. Market rate owners put a lot on the line financially and are a driving force in putting TLC at these developments.
Some of us have been discussing lobbying and calling our elected officials to cut CHA's budget drastically. Call Senator Durbin and Senator Kirk offices and request that that they slash the HUD budget, with the goal of eventually eliminating it. And call your state and local reps demanding they slash and eventuallly eliminate the budget for CHA. This program has never worked and it would be more insanity to think that ...more »