In buildings like this one on Chicago’s North Side, the shrinking pool of affordable housing is playing out in a particularly vivid way. The new owners and tenants moving in bring higher tax dollars, capital to revive old buildings and momentum to draw even more young professionals. But those benefits have come at a cost. Now Chicago is trying to save what amounts to 6,000 remaining SRO units, a small fraction of what once existed in the city as a housing stock of last resort for the poor. “It’s like a systematic taking over of where poor people live,” says Adelaide Meyers, a soft-spoken 47-year-old woman who had to leave the Norman. She now lives in an apartment, where her father had to co-sign the lease, on the far north side of the city. The crime is worse in that part of town.
Posted on: Thu, 13 Nov 2014 17:15:45 +0000
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