Archinect - News2024-05-02T13:29:02-04:00https://archinect.com/news/article/115812933/chicago-rethinks-rules-for-developers-to-increase-affordable-housing
Chicago Rethinks Rules for Developers to Increase Affordable Housing Amelia Taylor-Hochberg2014-12-12T15:34:00-05:00>2014-12-18T20:35:41-05:00
<img src="https://archinect.gumlet.io/uploads/jx/jxj2gbnmylu7mk6u.JPG?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><em><p>the new [Affordable Requirements Ordinance] would require that at least 25 percent of affordable units be built on site, removing the ability to opt out totally. [...]
Developers would also be allowed to meet the affordable unit requirement by building or rehabbing on other lots within a mile of the main site. The aim is to create affordable units in the neighborhoods where they’re most scarce, rather than to continue to concentrate them in the city’s poorer communities.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd">
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