More Than Just Shelter: Why The Public Housing Of The Future Will Require Private Buy-In The laundry list of landmines surrounding multifamily development and management in Chicago are well-documented: A challenging capital markets climate. Soaring insurance rates. Limited new starts. But developing and managing public housing properties in the city adds further wrinkles, Chicago Housing Authority CEO Tracey Scott said at Bisnow’s Property Management Summit. Unique challenges for public housing like even higher insurance premiums and more restricted funding sources have Scott looking to reimagine the way public housing functions in the Windy City. “Public housing as we've known it is not the future,” Scott said at the event, held at the Radisson Blu Aqua Hotel. “It is about mixed-income housing.”
The CHA serves about 65,000 families in the Chicago area, with 47,000 of that group also utilizing Section 8 vouchers, which help very low-income families, older adults and people who have disabilities afford private market housing.Scott said her vision features developments that bring together… Read the full story here. |