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The Chicago Housing Authority (CHA) is a municipal corporation that oversees public housing within the city of Chicago. The agency's Board of Commissioners is appointed by the city's mayor, and has a budget independent from that of the city of Chicago. CHA is the largest rental landlord in Chicago, with more than 50,000 households.
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Homeownership rates reached 66% in the first quarter of 2023, which means about 34% of American households rent. While renters enjoy relatively maintenance-free living as their landlords shoulder ...
In Cook County, which includes Chicago and its suburbs, property taxes are due twice a year. Taxes not paid by the first due date in March are considered "delinquent," and interest begins to accrue.
It’s cheaper to rent than to buy in all of the top 50 metros. The typical monthly mortgage payment of a median-priced home ($412,778, per Redfin) in the U.S. is $2,703, while the national ...
Marxists argue that private property is a social relationship between the owner and persons deprived, i.e. not a relationship between person and thing. Private property may include artifacts, factories, mines, dams, infrastructure, natural vegetation, mountains, deserts, and seas –these generate capital for the owner without the owner ...
Private property in the means of production is the central element of capitalism criticized by socialists. In Marxist literature, private property refers to a social relationship in which the property owner takes possession of anything that another person or group produces with that property and capitalism depends on private property. [19]
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