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Moving on Up: Taxpayers Foot The Bill for Luxury Apartments

Crains 27 July 2014 No Comment

The high-rise at 500 N. Lake Shore Drive is the second-most expensive in the city, with rents for a one-bedroom apartment approaching $3,000 a month, well beyond the reach of most Chicago residents.

 

moveonup

 

But that’s not too much for the Chicago Housing Authority, which has used federal tax dollars to pick up most of the tab for four lucky residents in the year-old building, with its sweeping views of Lake Michigan, a concierge and a dog-grooming center.

 

Read more in Crain’s Chicago Business

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