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The coalition brings together 20 government agencies, service providers, and other government and community entities.
City data shows the average shelter stays for adult families and families with children are at their shortest since 2015.
CPS plans to release its budget this week after a month's delay. Sources say much of the discussion focused on a large pension payment CPS wanted the city to resume paying.
Members of the new collective say getting insurance costs under control will allow them to spend more on repairs and maintenance for tenants.