Daywatch: Cook County housing authority facing potential multimillion-dollar budget shortfall - Insurance News | InsuranceNewsNet

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May 8, 2025 Newswires
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Daywatch: Cook County housing authority facing potential multimillion-dollar budget shortfall

Chicago TribuneChicago Tribune

Good morning, Chicago.

The Housing Authority of Cook County is facing a potential multimillion-dollar funding shortfall that could have broad repercussions throughout the real estate market as the struggling agency looks to cut costs, possibly leading to greater expenses for its housing voucher holders and a decline in the number of the people it serves.

The agency attributes the shortfall to an increase in its voucher usage rate and rising rents, which eat into its limited dollars allocated by the U.S. Department of Housing and Urban Development.

Read the full story from the Tribune’s Lizzie Kane.

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Both have been successes. Cromer was nominated for a Tony Award for his work on “Dead Outlaw” and, last week, “Good Night, and Good Luck” became the first play in the history of Broadway to gross more than $4 million in a single week. On Monday, Cromer opens yet another show, “The Antiquities” at Chicago’s Goodman Theatre.

©2025 Chicago Tribune. Visit chicagotribune.com. Distributed by Tribune Content Agency, LLC.

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