New Funding for Chicago Rental Subsidies
byDecember 9th, 2008
Approximately 1,500 additional households will be assisted with new funding from the Low Income Housing Trust Fund, according to Ted Dygus, a media liaison for the Chicago Department of Housing.
Photo by Michael Ibrahem
Dygus told me during a phone interview in March that the new funding, which is to be allotted locally from the State of Illinois’ program, is to provide annual subsidies to reduce rents for a specified number of units in buildings so that the units are affordable to tenants with annual household incomes within 30 percent of area median income.
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