Rather than see a Highwood apartment complex converted to pricey condominiums and its low-income residents forced out, housing advocates have proposed an alternative.The owner already has one potential buyer, selected from 20 bidders. But the Interfaith Housing Center asked Hispanic Housing Development to offer an alternative, "which is trying to raise money to buy the building":
Now the non-profit Hispanic Housing Development Corp. of Chicago has submitted an alternative that calls for preserving one-third of the property's rental units for low-income tenants, officials said. The remaining two-thirds would be turned into condos, with 25 percent of them sold at "affordable prices and marketed to current tenants," according to a written statement issued by the corporation.The mayor has seen both proposals and is wary of out of town landlords and overcrowding:
"I feel like if they own the property, they will take care of it."
To all of this I say, remember MOLD FEST. Brought to you by the Interfaith Housing Center of the Northern Suburbs. And here is another Plan B, the rise of the exurbs for jobs and housing and the exodus from Cook County.
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