Chicago’s fifth five-year housing plan was presented to the City Council on Wednesday for approval. According to Chicago Real Estate Daily, the 2014-2018 plan will have funding of about $1.1 billion, down from the nearly $2 billion funding of the previous plan.
The plan will, in theory, result in the construction, preservation and rehabilitation of about 40,000 housing units. A draft of the “Bouncing Back” plan is available online.
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