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Lightfoot Announces $330 Million Lending Commitment to Provide Affordable Housing on South and West Sides

Several area banks have committed $330 million toward funding community development on Chicago’s South and West sides.

Lightfoot’s Plan to Protect Affordable Housing with $3M Fund Advances

Heather Cherone with WTTW reports on Chicago Mayor Lori Lightfoot’s new plan to protect affordable housing from the economic fallout of the coronavirus pandemic. 

Opinion: COVID-19 Has Made Chicago’s Affordable Housing Crisis Worse, And The Feds Must Step In

Chicago Housing Commissioner Marisa Novara outlines the importance of paying rent in these uncertain times.

Editorial: Empathy and Flexibility, Not a Rent Strike, Are the Right Responses to Coronavirus

The Chicago Tribune Editorial Board explains why a rent strike would only hurt communities that need support during the coronavirus pandemic. 

Opinion: Housing Needs to be in Higher Supply, Not Price Controlled

Austin Stadelman, a student at the University of Illinois, explains why rent control isn’t the solution for our housing affordability crisis. 

Hometown Developers of Projects Like Vista Tower, Lincoln Yards and Bank Of America Tower Are Putting Money in Other Cities. ‘We Love Chicago But Are Super Nervous.’

Ryan Ori with The Chicago Tribune reports on why regulatory uncertainty, including the threat of rent control, is chasing development to other cities. 

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.

Presidential Power: Obama Center Attracts “Wave” of Multifamily Investors from Across US

Brianna Kelly reports for The Real Deal on what the $500 million presidential center could bring to the South Side of Chicago. 

Opinion: Illinois Should Resist The Rent Control Temptation

The Manhattan Institute’s Howard Husock explains why rent control failed in New York, and why it’s destined to fail if adopted in Chicago.

Illinois Fact Sheet – Click to download information on the housing crisis in IL

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