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Old Posted Apr 23, 2021, 7:19 AM
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Bonsai Tree Bonsai Tree is offline
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Join Date: Jun 2017
Location: Chicago, IL
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Quote:
Originally Posted by LouisVanDerWright View Post
Omni specializes in affordable projects, it's an entirely different game where your profit comes in the form of tax credits.

Also the rents between the tribune site and prime West Loop sites are probably significantly lower.
Honestly, (although I couldn't give you exact figures) I think that the 20% affordability is fine for most developers, as long as they get tax credits. Problem is, I don't think developers want to deal with the sh*tshow of bureaucratic government.
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