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September 16, 2020 Comments Off on Task Force Recommends Revamp of Chicago’s Affordable Ordinance Views: 395 Chicago News, Top Chicago

Task Force Recommends Revamp of Chicago’s Affordable Ordinance

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As a first step toward revamping the city’s Affordable Requirements Ordinance (ARO), the Chicago Department of Housing (DOH) on Tuesday published a report outlining recommendations for a new and enhanced ARO. Prepared by an Inclusionary Housing Task Force that began meeting last December, the report is now open for a 45-day public comment period.

“For nearly a year, the task force has been diligently working to review and offer innovative ideas to improve how and where affordable housing is created,” said DOH Commissioner Marisa Novara.

The report’s recommendations include:

• Increasing the proportion of required affordable units that must be built, rather than paid for with an “in-lieu” fee; 
• Building more deeply affordable and family-sized units; 
• Offering more flexibility for off-site units; 
• Strengthening accessibility requirements; 
• Exploring a centralized leasing and marketing system; 
• Creating additional incentives for market-rate developers; and 
• Creating a sustainable, dedicated source of funding for affordable housing. 

Download the report

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