03/18/2010 05:12 am ET | Updated May 25, 2011

Chicago Taps Parking Meters To Fund Homeless Shelters

Chicago mayor Richard M. Daley announced last week that the city has earmarked $1.4 million to fund homeless prevention programs over the next two years, noted The Chicago Reporter.

The funds will be drawn from the city's lease of parking meters, which the city leased to a third party for a 75-year term early this year.

Julie Dworkin, director of policy at the Chicago Coalition for the Homeless said the parking meter lease funding will be used to create at least one new program-- increase in the number of shelter beds.

For more on the story and to learn about the issues the homeless face in Chicago, check out The Chicago Reporter Blog.

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