Effects of Housing Slump on the Chicago Housing Department | WBEZ
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Eight Forty-Eight

Effects of Housing Slump on the Chicago Housing Department

Crain's Chicago Business reports that private developers charged with building mixed-income communities are struggling to sell the market-rate units. Now, the CHA is building rental units more quickly than for-sale units. But the agency says it hasn't abandoned its goal of creating communities that are one-third public housing, one-third affordable housing and one-third market-rate.

Bill Little is executive vice president of development for the CHA and he says that these days it's easier to finance rental constructions than for-sale developments. We talk with Crain's reporter Tom Corfman for more on the story.

Music Button: Connie Price and the Keystones, "Put Your Weight On It", from the CD Tell Me Something, (Ubiquity records)

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