Chicago Approves Landmark Effort To Boost Affordable Housing Near Transit And Stall Gentrification
By Quinn Myers and Mina Bloom
The ordinance greatly expands the city's transit-oriented development program, which provides incentives for developers building near train stations and certain bus lines.
A sweeping housing effort officials say will help fight segregation, boost affordable housing on the South and West sides and slow displacement in gentrifying neighborhoods was approved by City Council Wednesday.
The “Connected Communities” ordinance includes provisions aimed at creating more affordable housing near mass transit, getting affordable developments in front of City Council faster, limiting where multi-unit buildings can replace single-family homes and more.