Affordable housing planned for high-rise real estate

CHICAGO: An application is currently being prepared to create 20 per cent of a 1,700 unit development as ‘affordable housing’.

But an unofficial pre-approach by the developer has been knocked back. He has been told to go away and come back with a figure closer to 27 per cent, to even be considered.

A new compromise of 25 per cent is currently being attempted…

This trend is covered in detail in the Seniors Housing & Healthcare Trends.

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