Efforts backed by Mayor Lori Lightfoot to reduce residential segregation in Chicago have begun to show signs of progress, officials with the Chicago Department of Housing say. The centerpiece of that effort is a revamped ordinance that requires developers who get special permission from the city or a subsidy to build more units earmarked for low- and moderate-income Chicagoans and pay higher fees.
Housing
Tensions and frustrations are running high in the Woodlawn neighborhood as residents feel the effects of the incoming Obama Presidential Center.
Low-fare airlines Spirit and Frontier announce a multi-billion-dollar merger; the controversy over the Miami Dolphins may have an impact on the race for Chicago's casino; and three multi-million-dollar homes are now off the market for those searching for local luxury homes.
Realtors sold more homes than ever, while prices rose at rates not seen since the housing boom of the early 2000s.
The $1 trillion bipartisan infrastructure bill includes $15 billion to fund lead service replacement efforts, and $3 billion will flow to states and cities in 2022, officials announced.
Cabrini-Green residents were promised jobs and housing after its demolition. A new investigation from the Better Government Association reveals how those promises fell short.
The proposal from Glenstar at 8535 W. Higgins Road will build the 41st Ward’s first affordable housing in decades amid a cluster of hotels and office mid-rises along the Kennedy Expressway near O’Hare Airport and steps away from the CTA Blue Line.
The committee vote represents a nearly unprecedented rebuke of the decades-old tradition of giving alderpeople the final say over housing developments in their wards.
Members of the Chicago City Council have until Friday to respond to 10 questions posed by federal officials probing whether aldermanic prerogative has created a hyper-segregated city rife with racism and gentrification.
Chicago will invest a billion dollars into the creation and preservation of 24 development projects, as a result of federal pandemic recovery money and the Mayor’s 2022 budget. The move not only aims to bring more affordable housing to the city but also looks to support developments led by people of color.
“We envision a city where every resident, no matter age, income, identity, ability, has the opportunities and the resources to lead comfortable lives in the communities they call home,” Mayor Lori Lightfoot said Monday.
The programs administered by the Chicago Department of Housing and the Illinois Housing Development Authority will provide 18 months of rental assistance up to $25,000, officials said.
Illinois, Chicago Opening New Rental Funding Round on Monday
Illinois has dispersed $750 million to help those who fell behind on rent during the coronavirus pandemic. Far less – so far $100 million – has gone to homeowners having trouble keeping up with their bills. And it may be months before homeowners receive funding.
The number of residential and commercial evictions in Chicago and Cook County were 32% lower in October 2021 than in October 2019, according to data provided by the office of Cook County Chief Judge Tim Evans. October was the first full month with no restrictions on enforcing eviction judgements in Illinois.
City officials said they were encouraged by the response to the program, which was designed to combat the city’s affordable housing crisis.
Renters are finding fewer affordable homes and apartments as the city sees a decline in units. A new study from DePaul University shows the city experienced a 5.2% decline in affordable rental units over the past decade.
