A new $7.2 million grant will prepare thousands of renters on Chicago’s South and West Sides for homeownership and seek to boost hundreds into the American dream by helping them buy homes in their communities, increasing wealth for the city’s Black and Latino families.
The grant, from JPMorgan Chase, will go to a coalition of seven community organizations to bolster affordable homeownership and to make new homes sprout across vacant lots.
PFS Corporation
Viking Carrier
Mariotti Building ProductsIt will build 150 new homes using modular construction – meaning homes are built in a factory and then assembled on-site in an effort to lower costs.
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3 Responses
If my math is right, $7.2 million divided by 150 new homes is $48,000.00 per new home, what am I missing?
Also, Chicago (I thought) required conduit and copper water lines, is that still the case? If so, I am not sure if there is a Manufacturer that offers both.
That's enough for foundations and utilities for 150 homes in Chicago
They may not be talking about detached single family homes but rather housing units in a multi family complex. Otherwise, I agree, hard to get to 150 homes.