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Not long ago, the Chicago area was one of the biggest markets in the country where a low-income family could afford a modest-priced home. But after prices soared during the COVID-19 pandemic, even ...
The Marshall Field Garden Apartments is a large non-governmental subsidized housing project in the Near North Side neighborhood of Chicago, Illinois. The project occupies two square city blocks and was the largest moderate-income housing development in the U.S. at the time of construction in 1929. Marshall Field Garden Apartments has 628 units ...
In addition to providing affordable housing for low-income families and combating blight, it also provided housing for industry workers during World War II and returning veterans after the war. By 1960, it was the largest landlord in Chicago. In 1965, a group of residents sued the CHA for racial discrimination.
Gentrification, the process of altering the demographic and socioeconomic composition of a neighborhood usually by decreasing the percentage of low-income minority residents and increasing the percentage higher-income residents, [1] has been an issue between the residents of minority neighborhoods in Chicago who believe the influx of new residents destabilizes their communities, and the ...
Parkway Gardens Apartment Homes, built from 1950 to 1955, was the last of Henry K. Holsman's many housing development designs in Chicago. Holsman began designing low-income housing in Chicago in the 1910s when an urban housing shortage developed after World War I.
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
The Chicago 21 Plan was a comprehensive development plan released in 1973 intended to revitalize the areas surrounding the Chicago Loop, Chicago's central business district. The 125-page document, subtitled "A Plan for the Central Area Communities" was published by the Chicago 21 Corporation, which was made up of members of the Chicago Central ...
Neighborhood names and identities have evolved due to real estate development and changing demographics. [2] Chicago is also divided into 77 community areas which were drawn by University of Chicago researchers in the late 1920s. [3] Chicago's community areas are well-defined, generally contain multiple neighborhoods, and depending on the ...