Chicago Public Schools loses millions in magnet school money amid dispute over diversity efforts – Chalkbeat Chicago
Although the cancellation of this federal grant is small compared to the overall $10.2 billion CPS budget, it comes at a precarious time for the district. Late last week, the bond rating agency Fitch revised the district’s outlook to negative, which can affect the school system’s ability to borrow money at reasonable interest rates.
The so-called Jackson Park housing pilot would earmark some of the area’s 184 vacant lots for affordable housing, offer property tax relief for residents and require more notice to tenants whose landlords aren’t renewing their leases.