Lightfoot Panel To Rewrite City’s Affordable Housing Law
Greg Hinz with Crain’s Chicago Business reports on Mayor Lori Lightfoot’s new 20-member affordable housing task force.
The mayor appointed an Inclusionary Housing Task Force that will be charged with reviewing city laws that now require some developers to include a certain number of low-rent units in their projects. It also will take a look at broader steps that may be needed, Lightfoot said in a statement.
“This group of industry stakeholders will be instrumental ensuring that this vital tool is updated to better address the city’s affordable housing shortage,” Lightfoot said, referring to the city’s current Affordable Requirement ordinance. The panel “will serve as we strive as a united city that affordable housing options are located throughout Chicago’s 77 communities.”
Read more here.