So I keep reading in these articles that Chicago's latest attempts at public housing (those mixed income developments) have some part market value, some part affordable, and some part public housing, like the oakland park stuff near cabrini-green.
my big question is, what defines affordable housing, if it's not at market value?? is it like some % of market value or what? i haven't seen any numbers or definition of it (despite the fact that the central area plan makes gratuitous use of it in one of the sections).
my big question is, what defines affordable housing, if it's not at market value?? is it like some % of market value or what? i haven't seen any numbers or definition of it (despite the fact that the central area plan makes gratuitous use of it in one of the sections).