Preservation Compact Publishes 2014 Biannual Report
The Preservation Compact published its 2014 biannual report, “Strategies That Work: Preserving Affordable Rental Housing.” The report describes the strategies The Preservation Compact is using to preserve affordable rental housing in the face of diverging housing markets. In strong markets, low-income renters are being priced out, while weak markets suffer from disinvestment and deterioration. The 831,000 renter households in Cook County make up the backbone of our local economy, and preservation is the most efficient – and affordable – way to keep our rental stock viable and our neighborhoods strong.