At the same time that public housing is being dismantled and the cost of renting and buying is on the rise, nearly 75 percent of the 12,400 low-income units covered by rental subsidy contracts and mortgage assistance on the South Side could be lost in the next three years, according to the Chicago Rehab Network. More than a dozen South Side groups will participate in the organization’s South Side Affordable Housing Summit at 8:30 a.m. on Saturday June 3 at King High School, 4445 S Drexel Blvd.
The summit will focus on tools for preserving affordable housing, including a new state law that requires tenant notification when owners decide to end subsidies and gives tenant associations the first option to purchase the property.
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