{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Spring Street Brief","title":"Episode 177: Chicago's 2023 LIHTC Round: 11 of 13 Projects Still Unbuilt","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/de822432\"></iframe>","width":"100%","height":180,"duration":251,"description":"Thirty months after Chicago announced its 2023 LIHTC awards, only 2 of 13 funded projects have closed and broken ground — a concrete signal that the city's layered approval process is straining one of affordable housing's most important financing tools. With $562M in estimated development costs on the line and construction inflation pushing per-unit costs higher, the stalled pipeline raises urgent questions for investors, syndicators, and developers active in the Chicago market. Key Takeaways: Only 2 of 13 projects from Chicago's 2023 LIHTC round have closed and started construction as of...","thumbnail_url":"https://img.transistorcdn.com/eww4KoCb2-o7-dD11A42DpSkBhZjKNEkIb9mGj3dsyg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81YWNi/MGVlZjVhN2FjYzBk/NDY5YWEyOTA3MWMw/MWViZS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}