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Article: Condos evicting affordable housing: Rogers Park has lost 900 apartments a year since '03, study finds.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- October 25, 2006
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Copyright informationCOPYRIGHT 2006 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Antonio Olivo
Oct. 25--A study released Tuesday shows that roughly 900 apartments in Rogers Park have been converted to condominiums each year since 2003, part of a citywide trend that recently prompted Mayor Richard Daley to call for a new campaign to preserve affordable housing.
Although condo conversions signal buyers' confidence in their neighborhoods, the report's authors argue there are not enough safeguards to keep developers from displacing the city's working poor. Often developers will evict tenants when they want to convert a building to condos, said Brian White, executive director of the Lakeside Community Development Corp. which conducted the ...
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