Tag: chicago affordable housing initiatives

  • Affordable Housing Initiatives

    Affordable Housing Initiatives

    Efforts to preserve Naturally Occurring Affordable Housing (NOAH) are gaining momentum in Chicago. NOAH refers to rental properties that remain affordable without government subsidies, making them a crucial part of the city’s housing market. However, rising property values, redevelopment pressures, and increased rental rates threaten these units, pushing low- and middle-income residents out of their…