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The CHA launched the Plan for Transformation in 2000. Over the next decade, most of the the city’s public housing high rises were razed, leading to a loss of 16,000 apartments for families. But residents and advocates worried the demolitions would result in a lasting shortage of affordable housing. Those concerns have only been validated over the years.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Actual low income citizens in Illinois have no shot at affordable housing now. Look at Mamdani in NY – there are likely similar people in Chicago sucking up limited housing units. Ironic but Jarrett did chicago a favor – because any public housing would only have illegals and would be one more black hole for taxpayers to fund.
What’s that Mark Twain line? “How do you tell if a politician is lying? His lips are moving!” Expect to see more of the same around the Obama Center. The local low income people in that area are screwed!
Here’s a thought. Let’s have people provide their own housing like back in the old days and leave me out of their lives.
And let’s not forget who launched this debacle and set back affordable housing in this city for decades– none other than good old Valerie Jarret. She was head of the CHA Scattered Site program for many years. Tore down 16,000 units and replaced them with less than 1500 units (and created the 30,000 person waiting list), with huge delays and 100 percent cost overruns. So how did she get rewarded– she slinked out of town to be an aid to Obama in DC for 8 years. And now? She runs the Obama Foundation which is years behind with 100 percent… Read more »
You forgot her behind-the-scenes role as Obama’s conduit to Iran (where she was born) on nuclear negotiations. It just keeps getting better with her!