More Funding For Cabrini Green Housing Reconstruction

Posted by: David Gest

10 March 2006 - 9:00am

Slowly but surely, the Chicago Public Housing Authority continues fundraising, demolition, and reconstruction at the infamous public housing project.

"The first residential units to go up on the site of the Cabrini Green public housing complex will get financial assistance from the city.

The $500-million, 790-unit project on the Near North Side, to be called Parkside of Old Town, has been a long time coming.

The Chicago Community Development Commission approved $8.9 million in tax increment financing (TIF) for the project Feb. 14."

Source: The Chicago Tribune, March 5, 2006

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