Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts

Monday, March 14, 2016

Taxpayers pick up tab

This is one of the many reasons why Mr. Trump is so popular - taxpayers are tire of paying for someone else live when they themselves are struggling to get by. 


Under Mayor Richard M. Daley, the city of Chicago chipped in $19 million to build Sky55, a 40-story apartment building that was part of City Hall’s plan to redevelop the South Loop neighborhood where Daley lived.  Now, the city’s taxpayers are paying to help fill the privately owned building.

They’re helping to cover the rent for people in the Chicago Housing Authority’s housing choice voucher program, formerly known as Section 8, to lease 28 apartments in the tower. Four of those apartments, each with sweeping skyline views, are leased by CHA voucher-holders at rents of $2,730 to $3,199 a month.

Taxpayers pick up the entire tab for two of those apartments because, the CHA says, the tenants have no income.  Public funds also cover more than half the rent payments on the other two units. 

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It’s an expensive effort, costing more than $47 million a month, with the federal government picking up $35.9 million of that and CHA tenants paying the rest.  But the program is riddled with inequities, the Sun-Times and BGA found. Among them:
 
The CHA pays for some to live in high-rent, luxury properties, largely in upscale neighborhoods that are predominantly white.  Many of them contribute little or nothing toward their rent.  On the other hand, thousands pay far more and remain clustered in poor, black neighborhoods on the South Side and the West Side.

Of those receiving a voucher, 298 are leasing apartments, townhouses and single-family homes that cost $2,000 or more a month.  The CHA spends a total of $7.5 million a year on those units, ranging from spacious homes to condos in skyscrapers.  Taxpayers cover a higher percentage of the total rent for voucher-holders in two downtown wards than anywhere else: 87 percent in the 42nd Ward and 83 percent in the 2nd Ward.

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