While tens of thousands of families languished on a waiting list for assistance, the Chicago Housing Authority paid off practically all of its debt and overfunded its pension plan, according to a report released Friday by the bipartisan Center for Tax and Budget Accountability.
The agency also socked away hundreds of millions of dollars in cash reserves even as its ambitious plan to replace thousands of demolished public housing units lagged years behind schedule.
(link below)
http://www.chicagotribune.com/news/local/breaking/ct-cha-finances-report-met-20170112-story.html
Thursday, January 19, 2017
NEWS: CHICAGO HOUSING AUTHORITY STOCKPILES WHILE FAMILIES WAIT
While tens of thousands of families languished on a waiting list for assistance, the Chicago Housing Authority paid off practically all of its debt and overfunded its pension plan, according to a report released Friday by the bipartisan Center for Tax and Budget Accountability.
The agency also socked away hundreds of millions of dollars in cash reserves even as its ambitious plan to replace thousands of demolished public housing units lagged years behind schedule.
(link below)
http://www.chicagotribune.com/news/local/breaking/ct-cha-finances-report-met-20170112-story.html
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