Sheldon Baskin – Keeping Current – Rienzi Plaza to keep on renting to low income tenants

Sheldon Baskin – Keeping Current – Rienzi Plaza to keep on renting to low income tenants – Brief Article

Sarah Karp

In November, the owners of Rienzi Plaza, an apartment building at 600 W. Diversey Parkway in Lakeview, renewed its Section 8 contract with the U.S. Department of Housing and Urban Development, agreeing to continue to set aside 147 of its 249 units for subsidized, low-income renters. The tenants are mostly immigrant senior citizens and the working poor. Sheldon Baskin, a member of the partnership that owns the building. said the partners decided to renew the contract for five years based on assurances from the Cook County Board that it will include Rienzi Plaza if it approves a real estate tax deduction for some buildings that renew Section 8 contracts.

COPYRIGHT 2002 Community Renewal Society

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