Chicago will invest a billion dollars into the creation and preservation of 24 development projects, as a result of federal pandemic recovery money and the Mayor’s 2022 budget. The move not only aims to bring more affordable housing to the city but also looks to support developments led by people of color.
Local leaders are working to redevelop a massive city site into a mixed-use, community-driven project. They’ve gotten millions in seed money from the state and are hoping for city support, too.