A new proposal would increase the city’s real estate transfer tax, a one-time tax paid when a property is sold, by nearly 2% on properties over $1 million. An advocacy organization says the move would impact about 4% of properties sold and would generate $163 million to fund permanent affordable housing with services.        

The Bring Chicago Home Coalition is calling on Mayor Lori Lightfoot to set up a dedicated revenue source to address homelessness in the city after giving the mayor failing grades in a report card issued Wednesday assessing her progress on addressing the issue during her first three years in office.