Illinois Article

Lightfoot Panel To Rewrite City’s Affordable Housing Law

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.

Mayor Lori Lightfoot hasn’t yet detailed how she’ll fill her campaign promise to boost construction of affordable housing in the city, but today, she took a step in that direction, naming a 20-member task force that will develop a key aspect of the plan.

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.”

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