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Poor Families Use 'Supervouchers' To Rent In City's Priciest Buildings (HUD's Chicago Gold Coast!!)
Crains Business Journal ^ | 7/28/14 | By Alby Gallun

Posted on 07/28/2014 4:47:36 PM PDT by drewh

The high-rise at 500 N. Lake Shore Drive is the second-most expensive in the city, with rents for a one-bedroom apartment approaching $3,000 a month, well beyond the reach of most Chicago residents.

But that's not too much for the Chicago Housing Authority, which has used federal tax dollars to pick up most of the tab for four lucky residents in the year-old building, with its sweeping views of Lake Michigan, a concierge and a dog-grooming center.

The tenants moved in over the past two years as part of a push by the CHA to expand its housing voucher program so that more low-income residents can leave the city's roughest neighborhoods and start a new life in places with low poverty and crime and close to good schools and jobs. Some building owners are happy for the business.

Justin Elliott, principal at Chicago-based Marc Realty Residential, has few complaints after the CHA approved supervouchers for 36 leases this year and last in a 96-unit building Marc owned at 2300 S. Michigan Ave. Marc recently sold the building, which had the most supervouchers by far among all properties, according to the CHA.

“All in all, we viewed this as a very positive experience,” Mr. Elliott says.

(Excerpt) Read more at chicagobusiness.com ...


TOPICS: Crime/Corruption; Extended News; Government
KEYWORDS: chicago; chicagohousing; housing; hud; obamanomics; rahm; supervouchers; vouchers
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1 posted on 07/28/2014 4:47:36 PM PDT by drewh
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To: drewh

Share the ghetto,that’s their motto.


2 posted on 07/28/2014 4:50:19 PM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: drewh

Elections have consequences.


3 posted on 07/28/2014 4:53:46 PM PDT by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: drewh

I was going to post a picture of George and Weezie Jefferson...you know, ‘movin’ on up’.

But then I remembered, in that show George Jefferson paid his own way into that deluxe apartment in the sky. He didn’t use taxpayer dollars to fund his fancy living space.


4 posted on 07/28/2014 4:54:54 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: drewh

Block busting


5 posted on 07/28/2014 4:55:44 PM PDT by rdcbn
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To: drewh

I’m guessing that it is the uppity-high-class, hoity toities that live in the gold coast area that are to blame that now the smelly riff-raff are their next door neighbors in the hood.


6 posted on 07/28/2014 4:57:45 PM PDT by Pilgrim's Progress (http://www.baptistbiblebelievers.com/BYTOPICS/tabid/335/Default.aspx)
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To: drewh
Those units are easy to identify.

They're the ones with the Michelle Obama 2016 banners on the outside balcony.

7 posted on 07/28/2014 4:58:48 PM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
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To: drewh

Artist: The Comrads
Album: The Comrads
Song: Homeboyz
Typed by: Lilmidget1@aol.com

Gangsta: Ha ha ha ha ha ha ha,
K-Mac: Comrads
Gangsta: nine-seven

Chorus: (Comrads) You can take the boy out the hood,
But you cant take the hood out the homeboy
You can take the boy out the hood,
But you cant take the hood out the homeboy

1980 when I been throwin it up
I put that on the hood I never been blowin it up
Now I shoot craps where I shot marbles
I hit the corner in a Benz where I roll a Monte Carlo
Me and my same crew from BMX’s to Rolex’s and Lexus’s
(Pop Pop) who wanna flex with this
We tight ? bring the right clip
Got sent to the pen for strappin chickens on a white chick
36 months of humps and drinkin 40’s
Tryna get swole and come home with Motorolla
I do what I told ya
Before I live like a trick I’d rather die like a souldier
Never snitched, never will
Never ran with a cat that ever squealed,
If he did then we would spill
Cuz we fold together, we share tone and we roll together,
And we down for whatever

Chorus: (Comrads) You can take the boy out the hood,
But you cant take the hood out the homeboy
You can take the boy out the hood,
But you cant take the hood out the homeboy

Gangsta:
Bellin, with nothin but fellons
when it’s going down neeya, it ain’t no tellin
Big money, dreams, is down with the Cavi scene since a teen
You know what I mean?
European autos, black folks to win the lotto
Fully autos, gettin paid is my motto
Nine grad, to get my thangs I neva had
It ain’t much, fool mess around and get touched
Life a sin, I’m gettin phonies from the pen
My fanmail is from the county jail
Girls can talk slang, hoochie mamas is the whole thang
A ghetto star, from the Caviar
Before my video, I ran my city lok
Big diamonds shining, waiting for the time and light to grind
No more hard timing,
and I’m out taking mine, neeya!

Chorus: (Comrads) You can take the boy out the hood,
But you cant take the hood out the homeboy
You can take the boy out the hood,
But you cant take the hood out the homeboy

K-Mac:
Ha ha, before you stands a man of prestige
Two-thousand dollar suits to bend these slacks fees
Only machine’ll burn amounts of cheese
Won’t stop ‘till I buy a house next to Ice Ceez
Give my right hand to God, its on
That’s why I’m out of town with these koochie playas workin so hard
Can’t sleep skip child ‘till I paid in full
Hit the house sex his spouse and go bang the hood
Gangsta:
Fool you can take the boy out the hood
But you can’t take the hood out the homeboy,
So it’s on boy
Rough riders swervin impalas
Linen suits and boots, when I hollas at the white collars
Bangin executives
Now just imagin how much fear and respect we get
I gives a damn if I was living in the hills
I’d be scoping out my neighbor tryna take whats his and um

Chorus: (Comrads) You can take the boy out the hood,
But you cant take the hood out the homeboy
You can take the boy out the hood,
But you cant take the hood out the homeboy

Gangsta:
Ha ha, yeah, parlayin on top of the hills, a, in chucks
Mind ya strilla, hits the curb
And lets see who’s got the most smiles,
westsiyeed!


8 posted on 07/28/2014 5:02:52 PM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: drewh

Our tax money at work. Oops, work is a four letter word in Obama’s Transformed Amerika. It’s still our tax money, though.... Just that nobody’s working for it anymore.


9 posted on 07/28/2014 5:09:14 PM PDT by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
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To: jacknhoo

So... I would guess that the ‘writers’ of this ‘lyrical masterpiece’ do not have access to any kind of spell checker.


10 posted on 07/28/2014 5:16:30 PM PDT by UCANSEE2 (Lost my tagline on Flight MH370. Sorry for the inconvenience.)
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To: drewh
“All in all, we viewed this as a very positive experience,” Mr. Elliott says.

Did you bother to check with your existing tenants before making your "very positive experience?"

Seems to me this would be a legal argument to cancel any long term lease. There is never an expectation in similar buildings of hosting EBT mommas and drug dealers...

11 posted on 07/28/2014 5:22:11 PM PDT by publius911 ( Politicians come and go... but the (union) bureaucracy lives and grows forever.)
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To: LostInBayport
I was going to post a picture of George and Weezie Jefferson...you know, ‘movin’ on up’.

Just make sure any such sign goes up first on the White House fence.

12 posted on 07/28/2014 5:23:23 PM PDT by publius911 ( Politicians come and go... but the (union) bureaucracy lives and grows forever.)
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To: drewh

Someone is looking to quickly lower the value of this property in order to snap it up at a bargain price. Bet on it.


13 posted on 07/28/2014 5:25:27 PM PDT by Bigg Red (31 May 2014: Obamugabe officially declares the USA a vanquished subject of the Global Caliphate.)
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To: drewh
Really? Do they think their drugs and dope will not follow them to those posh pads?
And their roach infested furniture?

No, this will not end well. If I were living there it would be time to leave
before devaluation starts.

14 posted on 07/28/2014 5:30:23 PM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: LostInBayport

Yea, Jefferson earned his American dream. A concept lost to those Ghetto folk.


15 posted on 07/28/2014 5:32:27 PM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: drewh

One of His Arrogance’s or the Chicago Princess’s friends trying to force a short sale of the building?


16 posted on 07/28/2014 5:37:49 PM PDT by RetiredTexasVet (Stupid has consequences ... in healthcare it can be a fatal consequence!)
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To: Farmer Dean

I am thrilled beyond words at the thought of all those snobby, rich, high-rise Obama-bot supporters of the Democrats, having to share their little above-it-all kingdom with the peons....imagine the snit some of them must be having right now!

I love it!


17 posted on 07/28/2014 5:44:14 PM PDT by austinaero
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To: drewh

Welfare Gone Wild


18 posted on 07/28/2014 5:45:43 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: drewh

Just livin’ large like their role models in the White House. Haters gonna hate!


19 posted on 07/28/2014 5:47:23 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: GeronL

all they need is free gubmint ganja and they’ll be all set..


20 posted on 07/28/2014 5:47:53 PM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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