CHA faces huge cuts in `cash crisis'

From: Chicago Sun-Times | Date: April 23, 1987| Author: Leslie Baldacci | Copyright information

A "severe cash-flow crisis" will force the CHA to stop all construction and major improvement projects by April 30 unless it receives $38 million, according to a financial report obtained by the Chicago Sun-Times.

And unless the Chicago Housing Authority gets another $23 million, it will slash all but bare-bones maintenance service to its 145,000 tenants, the document states.

The immediate impact of the financial crisis would be the layoffs of 263 craftsmen working on scatt...

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