Chicago Housing Scam: Affordable housing units used by many to turn a quick profit

The Chicago Sun-Times reports:

Mayor Daley promised that one-fifth of the homes built as part of the massive makeover of the historic Maxwell Street market would be set aside as affordable housing.

Damaris Matis, a real estate agent, got to buy one of those 187 affordable homes.

Matis, then 25 and single, already owned two condos and was making $43,782 a year when city housing officials deemed her eligible to buy an affordable one-bedroom condominium in the city-subsidized development, called University Village.

She even got a $20,000 taxpayer-funded subsidy when she closed on the $190,500 condo on July 2, 2007, records show.

Thirty-eight days later, Matis sold it -- at a profit of $29,500.

You'll want to read the whole article to just find out how Chicago Mob hit man Harry "the killing machine" Aleman's name comes up.