With mortgage rates still averaging above 6.5 percent, experts suggest the best hope for affordability may not be for years, pushing many first-time buyers to rethink their plans.
Outrage among Old Town residents continues despite city approval of a revised Old Town Canvas, a 36-story apartment tower that is now shorter, wider, and with fewer units.
As the Chicago Housing Authority prepares to build 4,080 new affordable units on the former Cabrini-Green site, residents of nearby Old Town are skeptical of the project’s design and impact on community safety.
Chicago Housing Authority’s ambitious plan to redevelop Cabrini-Green into 4,080 affordable units on the same infamous land could cause history to repeat itself.
A controversial 36-story high-rise with 349 apartments is set for construction in Old Town despite significant local opposition, raising concerns over traffic and community impact.