Affordable Requirements Ordinance At the City Council meeting of March 24, 2021, a revision to the Affordable Requirements Ordinance (ARO) was introduced. The ordinance as drafted has the potential to slow development in Chicago. REALTORS® want development, as well as…
It’s a new year, the dust has settled, and the City of Chicago budget was enacted by a slim margin. Now, regular legislative business begins again in the City Council. City Council Passes ADU Ordinance On December 16, 2020, the…
On Tuesday, February 16, a meeting was held by the Housing Committee for public comments on the Affordable Requirements Ordinance (ARO). The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance including upzoning or involve…
Winter is coming. This refrain from a popular TV show is both literal and figurative here in Chicago, with municipal budgets, stalled local ordinances and a possible extension of the eviction moratorium looming. A NOTE ON THE CITY BUDGET Chicago…
On Monday, September 14, the City of Chicago Department of Housing released the Affordable Housing Task Force Report, which can be read in full here. On September 23, the Chicago City Council, Committee on Housing and Real Estate held a…