Residents who have been priced out of West Town due to rising condo costs lined up for affordable housing.
The 26th Ward offered 11 single family homes and 21 condominiums at rates far below the market rate for the West Town neighborhood.
Residents who qualify for the affordable housing will be offered a fixed mortgage rate of […]
Archive for September 21st, 2007
Lottery for Affordable Housing in Chicago
Published September 21st, 2007 in News, Neighborhoods and Homes for Sale.Developers look to rentals in the South Loop
Published September 21st, 2007 in News, Neighborhoods and Real Estate.Chicago developers are looking to rental units as an answer to the slowdown in condominium sales around the city.
Demand for condominiums in the South Loop has dropped in recent months. Tightening requirements from lenders and banks mean that many buyers are unable to get approval for mortgages.
Buyers who are unable to qualify for a mortgage […]