It's been a year since Chicago Mayor Brandon Johnson released his ‘Cut the Tape’ report to boost affordable housing and economic growth. Little of the red tape has been removed.
Granny flats and basement dwellings could help with housing affordability, but Chicago’s outdated zoning rules make them nearly impossible to build. Those rules were created to promote economic and racial segregation. They need to be changed
Illinois state lawmakers are trying to ban landlords from using credit histories to judge potential tenants. Doing so could make it harder for low-income tenants to find housing.
Illinois House Bill 1814 would legalize more affordable options such as duplexes and townhomes for working families. If the bill passes, it will mark a win for affordability and housing choice.
Chicago Mayor Brandon Johnson’s first effort at building “affordable” housing is costing nearly $700,000 per unit. Similar units in the same area cost $126,583.
They call it “inclusionary zoning,” but in reality the government mandate for a portion of developments to be “affordable” limits supply and drives up costs. Chicago should pull back from this form of rent control.
Illinois lags other states on approvals for new housing. It has one of the lowest rates for housing approvals in the United States. That drives up costs.
Clean-up efforts for the Democratic National Convention included putting Chicago’s homeless in hotels used as temporary shelters. Though the celebrity-filled week has ended, this affordable housing approach should be expanded.
Rent is unaffordable for half of Chicagoans, averaging $2,200 a month. The key to affordable housing is to build more housing, but that won’t happen until city government reduces its role.