Mayor Johnson announces $300 million investment in affordable housing – WGN

Comment: Total cost of the project is $711 million that will "create or preserve" 1,223 housing units. That's $581,000 per unit. The median home price in Chicago is just $390,000 according to Redfin or $325,650 according to Zillow.
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taxpayer
1 month ago

As Wirepoints observes, the median home price in Chicago is something like $325,650 to $390,000. However, many of these new units will be in unfashionable neighborhoods, and many will be apartments, so the relevant comparison price is much lower. Also, as I have pointed out on Wirepoints before, suburban new construction houses are available for less than $200K.

Fed up neighbor
1 month ago

Does this guy run a printing press on the side, or is the money falling from the sky. Did anyone wonder why it’s always for the POC and never in White neighborhoods.

Fullbladder
1 month ago

Robert Taylor homes 2.0

Call my shrink
1 month ago

He should be removed for fiscal mismanagement of taxpayer funds. Then institutionalized for being a Braindead idiot

Nauvoo Social Club
1 month ago

The pigs will feed at the trough on this clown show idea

Felix.
1 month ago

But the Bears are his top priority. Pigs don’t have a chance.

The Railroader
1 month ago

Chicago is trying to issue long term debt to pay current expenses and interest on previous borrowings. Meanwhile, Mayor Cliff Notes is still out there announcing new piles of confiscated taxpayer cash for the political animals to skim.

Illinois elects its dumbest.

Taxpayer
1 month ago
Reply to  The Railroader

That sounds like a ponzi scheme.

Leaving Soon, just not soon enough
1 month ago

Pay more get less is the policy in Chicago and Illinois. Leave it to public sector workers and you get this. It will then soon be a ghetto.

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