The CHA does not own the land that the Lathrop Homes currently sits on. Rumors I've heard indicate that it is privately owned with a lease to the CHA which is about up. The owners want the land back for redevelopment for highest and best use. The CHA has no rights over the land once the long-term lease is ended within the next year or so.
Ongoing rumor, the lease was also not supposed to be renewed in 2000. A lot of work was done on the project when the lease was last renewed. I would expect the project to remain for a while.
Julia C. Lathrop Homes was created in 1938.
According to the US Census Bureau, about 68% of residences are owner occupied.
According to the US Census Bureau, about 68% of residences are owner occupied.
According to the US Census Bureau, about 68% of residences are owner occupied.
They stayed in the homes of thoses they occupied.
Yes but they will be separate policies.
You can only get a reverse mortgage on owner occupied property. All parties living in the home must be age 62 or older. investment homes - second homes - homes built before 1976 - do not qualify
"Vacant housing unit" or "Vacant" An empty home is what the government refers to as a "vacant housing unit", which is not occupied by a citizen. This includes vacation homes, but also properties that have sold but are not occupied.
"Vacant housing unit" or "Vacant" An empty home is what the government refers to as a "vacant housing unit", which is not occupied by a citizen. This includes vacation homes, but also properties that have sold but are not occupied.
$4,918,262,770,000 2007 US Census $100,904 (avg. principal owed) X 48,742,000 (owner occupied homes) Note: 24,885,000 owner occupied have no mortgages
Jane Addams Homes, 1938 Julia C. Lathrop Homes, 1938 Trumbull Park Homes, 1938 Ida B. Wells Homes, 1941 Frances Cabrini Homes, 1942 The first three projects were initiated by the federal Public Works Administration, since the Chicago Housing Authority was not established until 1938. The history of CHA is well told in Devereaux Bowly, Jr. _The Poorhouse: Subsidized Housing in Chicago 1895-1976_, 1978, Southern Illinois University Press.
It may be that the terminology is different than single family homes. However, barring that, here are some U.S. Census numbers for you. In 2009, the US Census Bureau reports all housing units totalling in at 130 million 159 thousand. Also in 2009 91,241,000 total housing units for single detached and mobile homes in the United States with 79,918,000 total occupied year round. And of these, some are renters and some are owner occupied.