Last time the CHA tried to group a bunch of low income families together it turned out real well.
If the city gets the Games, they’ll have to build a 2,500 unit village to house all the athletes and some concerns were swirling about what to do with all the property, Crain’s Chicago Business reports.
The CHA says they’ll buy up to 15 percent of the units.
“We view (the Olympic Village) as yet another option to add affordable housing in a great location to Chicago’s housing stock and to assist thousands of people in the city,” a CHA spokesman said.
The housing development was mandated by the city to include 30 percent mixed income housing.
Though the city is looking for money to help defer the cost, none of the groups interested in taking over the housing have committed to funding the development.