Tuesday, May 14, 2013
About 5.3 percent of Northbrook's house and apartment market was considered affordable in 2004, although Illinois suggests communities keep it closer to 10 percent.
Northbrook saw a 31 percent bump in rentors between 2000 and 2011, while 88 percent more homeowners had to spend at least 35 percent of their income on mortgage costs, according to the 2000 U.S. Census and 2007-2011 American Community Survey data, the Chicago Tribune reports. While Illinois suggests at least 10 percent of a community's real estate and apartment market fits within the "affordable" range, only 5.3 percent of Northbrook's market was "affordable" when the Illinois Housing Development Agency evaluated the village in 2004, the Chicago Tribune reports. The U.S. Department of Housing and Urban Development defines affordability as a household that pays 30 percent or less of its annual income on housing. Click here for the full …
Monday, February 25, 2013
A 78-unit affordable housing complex has been proposed for the lot at 300 Pointe Drive.
Northbrook's village board reviewed a proposal for a 78-unit, affordable housing complex for seniors in Northbrook at 300 Pointe Dr., the Chicago Tribune reports. The four-story building would be developed by the Housing Opportunity Development Corporation and offer one and two-bedroom units ranging from $400 to $800 per month, if the proposal is developed, according to the Chicago Tribune. Sign up for the Northbrook Patch morning newsletter to get the latest community development updates in your email.
Monday, January 31, 2011
Despite contributing $6.5 billion to north suburban economy, foreign-born residents often not on local governments' radar.
When Skokie banned the parking of taxicabs on its streets overnight, some residents didn't even notice. But for members of one South Asian immigrant group, many of whom drive taxis, the move was onerous. It outlawed the vehicles by which they made their living. That's an example of the lack of communication between immigrants, who make up about a third of the population in many northern suburbs, and village governments, according to a report released Friday by the Interfaith Housing Center of the Northern Suburbs. Immigrants contribute $6.5 billion to the local economy, yet villages don't often have them on their radar, according to the report, "Open to All? Different Cultures, Same Communities: A Look at Immigrants and Housing in Chicago’…
