Saturday, May 2, 2009

What is mixed-income housing?


To address questions raised by regionwide households exploring housing options within the new mixed-income communities under development in Chicago, MPC worked with a variety of stakeholders to publish the attached brochure answering the question "What is mixed-income housing?" .

Chicago’s new mixed-income developments are being built as a part of a broader transformation effort of key City neighborhoods. Some sites are already complete and others are just opening or will begin construction soon.

These communities include homes at market-rate prices, along with affordable opportunities for rent (targeting families making up to 60% of AMI or approximately $45,000 per year for a household of four) and for sale (for families making up to 120% of AMI or around $90,000 per year). There are also homes reserved for qualifying public housing residents.

Click here for the brochure

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