CHA Board approves predevelopment loans for redevelopment at Ickes Homes
By CHA -

The Chicago Housing Authority Board of Commissioners Tuesday approved the predevelopment loan agreements with the master developers that allows the redevelopment of the Ickes Homes to move forward


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The Chicago Housing Authority provides homes to more than 50,000 families and individuals, while supporting healthy communities in neighborhoods throughout the city. CHA has utilized the flexibility of the Moving To Work agreement to test innovative, locally-designed strategies that use federal dollars to more efficiently help residents become self-sufficient and to increase housing choices for low-income families. As a result, CHA families are more successful than ever before. In 2000, 15% of work-eligible heads-of-household were employed. Now more than 58% are employed. Also, the annual income of employed heads-of-household has doubled to more than $19,000 a year.

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