Chicago Housing Initiative (CHI) engages community leaders and residents through a unified voice that amplifies the power of low-income Chicago residents. By preserving and expanding multifamily subsidized housing, CHI promotes community stabilization strategies ensuring racial and economic justice.
October 11, 2011 10-12pm @ City Hall, 2nd Floor
Join us for a City Council Hearing to discuss the impact of the HUD Budget Cuts!!!
- Chicago stands to lose an additional $28 million in public housing dollars in 2012, after already losing $25.8 million in 2011.
- Thousands of public housing units will be lost while 68,000 families and seniors sit on the CHA’s waiting list.
- Community Development Block Grants cut 12.3% compared to 2010 levels, a loss of $11 million in needed funding for homeless services, youth programs, violence prevention, and health clinics.
- $7.2 million in new cuts to HOME affordable housing construction and first-time home-buyer assistance programs