Each proposal includes a request for funding from the city to help subsidize the projects. The units — anticipated to take up 1.6 million square feet of space — are intended for tenants earning an average of 60% of the area's median income.
"The subsidized rent they're talking about doesn't cover those truly in need of housing, and this is a bad location for lower-income housing due to lack of green space and parking. Grant Park isn't that close, and there are no other 'pocket parks' nearby. There are no supermarkets within walking distance or easy transit access. They're all south or west. And there's a lack of consumer retail.
Initiatives like this one, she said,"aimed at transforming vacant office spaces into residential areas, represent a promising step towards revitalizing our downtown core."
Health Health Latest News, Health Health Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How influencer couples reach new followers: talent managerA talent manager who works with influencer couples explains how creators use relationships to reach new followers — and the type of couple he'll never work with
Source: BusinessInsider - 🏆 729. / 51 Read more »