Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 18 years ago,

User Stats

1
Posts
0
Votes
N/A N/A
0
Votes |
1
Posts

Is this a good idea?

N/A N/A
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