Chicago’s Affordable Housing Crisis And What We Are Doing About It

by Beth Filipiak
Community Development Intern, JCUA

In Chicago, your bank teller may not have the basic financial means to afford “affordable housing” without being considered “cost burdened.” To be “cost burdened” is when more than 30% of your income goes to basic housing costs.

Chicago’s Affordable Housing Crisis

affordable housingWith the average price of a one bedroom rental unit in Chicago being approximately $850, a person needs an annual salary of $34,000 to afford such an apartment.  Yet a bank teller does not typically make that much. Neither do many public school bus drivers, nursing aids, receptionists or security guards.

This also almost guarantees that these same professionals would not be able to afford a mortgage of a home priced at $150,000 without being cost burdened (see more statistics here). Hence, Chicago lacks truly affordable housing options for many workers and the unemployed.

However, too many apartments remain vacant: some are caught up in Chicago Housing Authority (CHA) ‘limbo’ where they are not being lived in, or are being torn down, as CHA figures out their “Plan Forward.

Some units have out priced their neighborhood. Others are uninhabitable, though, incredibly, the US Census 2011 American Community Survey reports that there are still a few occupied units in Chicago without complete plumbing, kitchens or available phone service.

Even owning your own home has not meant that you have been unscathed by the recent housing crisis.  Most likely you know someone who is struggling with mortgage payments (as of 2010, almost 50% of homeowners were).

What We Are Doing About It

There is no doubt that things need to change for the better.  At JCUA we strongly believe in the positive ripples that stable housing provides; for individuals, families and communities.  This is why for over the past twenty years, JCUA’s Community Ventures Program has provided almost $4.5 million in seed funding to create or rehab over 3,600 units of affordable housing.

This is why we continue to look for partners with a commitment to restoring and maintaining human dignity by offering truly affordable, safe and secure housing.  For more information about our Community Ventures Program, visit our website.


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