The Chicago Housing Authority (CHA) is implementing a new policy that restricts how much housing assistance recipients of so called "super vouchers" receive, officials said Sunday.
Under the new policy, super vouchers will only cover up to 150 percent of the "Fair Market Rent" defined by the U.S. Department of Housing and Urban Development. Previously, as much as 300 percent of the Fair Market Rent could be covered. Currently, the monthly Fair Market Rent is $826 for a one-bedroom apartment in Cook County.
The new measure, impacting some 260 households, is designed to "expand housing options for low-income families in a fiscally responsible way," according to a CHA statement.
The change in policy follows recent concerns about CHA vouchers that helped cover expensive rents for higher-end apartments. Read about the issue here and here.
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