From the Foreword:
Guided by the Urban Land Institute and supported by the John D. and Catherine T. MacArthur Foundation, the Preservation Compact has brought together leaders from the public, private, and nonprofit sectors to build on this tradition and craft a new vision for Cook County — to reverse the downward trend in Cook County’s affordable rental housing supply by 2020. To achieve this ambitious goal, the Compact has launched its comprehensive Rental Housing Action Plan for Cook County, which includes six Keystone Initiatives designed to preserve and improve 75,000 existing affordable rental homes that might otherwise be lost to condominium conversion, demolition, or rising costs. These initiatives, detailed in this report, will conserve billions of taxpayer dollars and ensure that government spending to build new affordable rental units truly adds to the overall supply.
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