Newark, N.J.-based RBH Group was awarded $18 million in tax-exempt bonds last month to bring “Teachers Village” to the shuttered Humboldt Park elementary school, setting the stage for redevelopment. Now, the developer is working with the city’s Department of Housing to secure more public financing to bring its ambitious project to life. The development is expected to cost $50.6 million.
Why can’t a “teachers village” be combined with other affordable housing initiatives? Are poor teachers too goo to live among their poorer students? Treat it like 50% affordable housing for teachers, 50% voucher/Section 8.
Mary Ladd
3 years ago
Why exactly are public funds being used on this private apartment complex, a complex that will include retail and commercial space? Is it because they promised a measly 27 units funded thru CHA vouchers?
Aaron
3 years ago
But where to the migrant refugees stay?
Chunky Puree
3 years ago
And so it starts. Millions of tax dollars, $18 million suggested, to build housing for some of the highest paid teachers in the country. I’ve read comments on this board where someone predicted this. Passing Amendment 1 will make things worse. Public unions can demand and will receive whatever jewel of new benefit they desire simply be saying they want it and then passing whatever contract they prepare, taxpayers be damned.
The Paraclete
3 years ago
I think it’s a good idea. Put all the degenerates in one building, makes it much easier to round them up
Bross
3 years ago
So the units on average cost $467,000? Taxpayer funded? So the kids move away and the teachers move in. Clearly CPS /CTU is a works program. Works for the teachers….
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Why can’t a “teachers village” be combined with other affordable housing initiatives? Are poor teachers too goo to live among their poorer students? Treat it like 50% affordable housing for teachers, 50% voucher/Section 8.
Why exactly are public funds being used on this private apartment complex, a complex that will include retail and commercial space? Is it because they promised a measly 27 units funded thru CHA vouchers?
But where to the migrant refugees stay?
And so it starts. Millions of tax dollars, $18 million suggested, to build housing for some of the highest paid teachers in the country. I’ve read comments on this board where someone predicted this. Passing Amendment 1 will make things worse. Public unions can demand and will receive whatever jewel of new benefit they desire simply be saying they want it and then passing whatever contract they prepare, taxpayers be damned.
I think it’s a good idea. Put all the degenerates in one building, makes it much easier to round them up
So the units on average cost $467,000? Taxpayer funded? So the kids move away and the teachers move in. Clearly CPS /CTU is a works program. Works for the teachers….
The units cost $467,000 in an area where home prices range from $275,000 to $350,000. What’s wrong with this picture?