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Updated over 18 years ago on .

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Is this a good idea?

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Posted

Has anyone heard of CPAN in Chicago? If you haven't can someone savy check this out and tell me if this is a good idea? Here's a link http://egov.cityofchicago.org/city/webportal/portalContentItemAction.do?blockName=Housing%2fHome+Buyers%2fI+Want+To&deptMainCategoryOID=-536886263&channelId=0&programId=0&entityName=Housing&topChannelName=Dept&contentOID=536902980&Failed_Reason=Invalid+timestamp,+engine+has+been+restarted&contenTypeName=COC_EDITORIAL&com.broadvision.session.new=Yes&Failed_Page=%2fwebportal%2fportalContentItemAction.do&context=dept
I am basically trying to get my first place at a decent price and eventually sell it and make some money. Here is something I found on another site that I didn't quite understand:

"But not everyone is sold on the idea that the CPAN set-asides are the best strategy for creating affordable housing.

Edgewater Development Corporation Executive Director Adam Burck questions the sustainability of the program. Considering that the units can eventually be resold at market rates, Burck doesn