Too Much Housing Supply? Then Subsidize More Housing, Right?
You may have missed some of the most interesting news in Chicago last week.
It wasn’t as exciting as the cougar shot to death in an alley, or the earthquake that shook us out of bed, but in its way, it was as startling:
On Thursday, for the first time in more than a decade, the Chicago Housing Authority opened its waiting list for federally subsidized rental vouchers. By the end of the day, with a month left to apply, people had picked up more than 256,000 application forms.
More than a quarter-million. In a day.
Read More...