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The data from the DePaul Institute for Housing Studies (IHS) confirms what residents like Pleasant have noticed. In 2023, nearly 40% of the 141 single-family homes sold in South Shore were ...
According to the National Council on Aging, citing 2019 figures, Americans 65 and older spent an average of $17,500 a year in housing-related expenses, or around $1,500 a month.
The property was sold in a bankruptcy auction to Senior Care Development, LLC, a Harrison, New York–based non-denominational senior care company. [3] The property is managed by Life Care Services. [5] From 2014 to 2016, The Clare's occupancy increased from 44% to 98% and now has a wait list for larger units.
This has led to IHDA's role as a principal provider of financing for multi-unit housing projects dedicated to Illinois senior citizens. [ 1 ] To this original core goal were added other missions centering on the facilitation of mortgages for Illinois single-family housing, including housing for households of higher than low-to-moderate income.
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.
Roughly two-thirds of adults who own a home have a mortgage, according to 2022 data from the U.S. Federal Reserve.. The median mortgage in 2022 was $1,400 per month, based on data from the U.S ...
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