Bridging the affordability gap in Chicago
扣扣传媒 identifies hurdles and solutions to bridge the affordability gap in Chicago
RE Journals – There are three hurdles that have historically made affordable housing difficult to develop in Chicago: rising costs of construction, the building code and the competing priorities of the parties involved in these types of deals.
鈥淭hose aren鈥檛 necessarily issues exclusive to affordable housing, but they are issues that challenge the development community in general and their ability to finance a deal because of uncertainty,鈥 said Dave Bartolai, vice president, 扣扣传媒. 鈥淎s such, each deal seems to need to be evaluated neighborhood by neighborhood, location by location, and requires the entire team to work collaboratively to address these issues from the earliest stages.鈥
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