Chicago will receive $1 billion in stimulus money (Washington, Washington Park: apartment, rental)

[Avengerfire]

Originally Posted by ChiMack

...what does he excatly mean by public housing projects..doe she mean low income/mixed income or does he mean projects projects

Public Housing Capital Fund TOTAL $143,913,180
Comprehensive rehabilitation of Dearborn Homes $28,210,000
Completion of comprehensive rehabilitation of Wentworth Gardens $2,710,000
Comprehensive rehabilitation at Kenmore Senior Apartments $19,000,000
Comprehensive rehabilitation of Lawndale Apartments $9,000,000
ADA upgrade of 90 scattered site units and 184 senior units $13,300,000
Comprehensive rehabilitation of Washington Park LR $9,151,435
Comprehensive rehabilitation of Altgeld Gardens/Philip Murray Homes $30,860,455
Demolition of ABLA Row Homes $1,705,440
Demolition of 6 Harold Ickes buildings $3,280,320
Demolition of 3 non-dwelling buildings $ 790,400
Façade restoration at Judge Harry M. Fisher Senior Apartments $1,570,210
Installation of security camera systems and connection to OEMC $24,334,920

Tax Credit Assistance Program: Affordable Rental Housing TOTAL $39,000,00 0
MLK Apartments $5,000,000
Roseland Place Senior Apartments $1,000,000
St. Edmund's Commons $3,062,007
Oakwood Shores $3,570,000
Wrightwood Senior Apartments $6,188,775
Hancock House Senior Apartments $5,000,000
Hairpin Lofts $1,400,000
Darul Amaan Senior Center $2,520,000
Bettendorf Place SRO $1,575,000
Communities United $1,684,218
Olive Branch Apartments $3,000,000
Grove Parc $5,000,000

[ChiMack]

so they are basically upgrading the cha and letting the same residents wholived there back? cause they arent turning them into condos townhomes or sfh?

[hank0604]

Originally Posted by coldwine

Who wrote the title of this thread, Yoda?

$1 billion seems a very, very small number for Chicago.

This is why it is clear that I'm not qualified to post in this thread, and why I've really tried to stay out of political debates (one of my favorite hobbies) over the past few months. I have absolutely no concept of $1,000,000,000. I see that and just think, "Damn that's a lot of zeroes."

How do you even decide how you spend that much money?

[ChiMack]

Originally Posted by ChiMack

so they are basically upgrading the cha and letting the same residents wholived there back? cause they arent turning them into condos townhomes or sfh?

i remember humboldt saying that about 1/3 of the residents of the mixed income tore down projects are ex cha residents and that real estate agents dont tell the potential buyers thats the case

[At1WithNature]

If that doesn't help solidify the Olympic bid (in some way), then I do not know what will. Some of this money has to go to infrastructure, right?

[Basekamp]

1 billion is almost offensive. Think of New York as receiving 800 billion in bailout moneys, Detroit gets 140 billion, and Chicago gets 1billion. We should be angry and we have the right to be angry.

[Lookout Kid]

Isn't that just the number given directly to the City government? I think we'll see a lot more money than that after the State and Federal expenditures in the Chicago region are factored in.

[Basekamp]

True, but the point is none of our companies NEEDED a 100b+ bailout in the first place... The money should be shared between regions...

Originally Posted by Lookout Kid

Isn't that just the number given directly to the City government? I think we'll see a lot more money than that after the State and Federal expenditures in the Chicago region are factored in.

[Lookout Kid]

Originally Posted by Basekamp

True, but the point is none of our companies NEEDED a 100b+ bailout in the first place... The money should be shared between regions...

Your post makes no sense as a response to my post. People are complaining that the $1 Billion is too small, not that we "aren't sharing with other regions".

[Basekamp]

yes it does! I am agreeing 1 billion is too small. I am agreeing we'll see more. But I am also emphatically stating we will not receive 1/2 of the bailout money sent to Detroit or New york.

Originally Posted by Lookout Kid

Your post makes no sense as a response to my post. People are complaining that the $1 Billion is too small, not that we "aren't sharing with other regions".