The City of Chicago, along with the Department of Housing, has announced a major investment in the preservation and construction of affordable housing across the city. Revealed earlier this week, the funding will go to 15 different projects, which also include market-rate housing. This comes as the mayor has ousted the head of the CHA board due to a dispute over its CEO.

The city’s investment will total around $300 million and will be joined by $16 million in Low-Income Housing Tax Credits, which are expected to generate an additional $100 million in private equity investment. The funds will go toward projects expected to cost $711 million and will be required to guarantee affordability for 30 years. To read more go to Chicago YIMBY.