Meet Lori Lightfoot’s new affordable housing task force

The 20-member body includes affordable housing advocates, real estate developers and aldermen.

TRD CHICAGO /
Nov.November 20, 2019 04:30 PM
Lori Lightfoot (Credit: Getty Images and iStock)

Lori Lightfoot (Credit: Getty Images and iStock)

Mayor Lori Lightfoot has appointed 20 “industry stakeholders,” most of whom are involved in low-income housing advocacy or nonprofit agencies, to a task force that will review Chicago’s current laws that require some developers to include a certain number of low-rent units in their projects and identify broader steps that may be needed to boost affordable housing.

Beginning in mid-December, the 20-member Inclusionary Housing Task Force will meet once a month for at least four months, with the goal of introducing a revised Affordable Requirements Ordinance by mid-year, Crain’s reported.

“This group of industry stakeholders will be instrumental in ensuring that this vital tool is updated to better address the city’s affordable housing shortage,” Lightfoot said in a statement. The task force “will serve as we strive as a united city that affordable housing options are located throughout Chicago’s 77 communities.”

On the advocacy side are task force members Bickerdike Redevelopment Corp. CEO Joy Aruguete, Logan Square Neighborhood Association organizer Christian Diaz and Habitat Affordable Group senior vice president Charlton Hamer Sr. The task force also includes some members of the development community, such as JLL managing director Tom Kirschbraun, Magellan Development Group’s Mowa Li, Cushman & Wakefield managing director Susan Tjarksen and DLA Piper partner Paul Shadle.

The task force’s co-chairs are Juan Sebastian Arias of the Metropolitan Planning Council; Tony Smith of PNC Bank; Stacie Young of Preservation Compact; as well as Ald. Walter Burnett (27th); Ald. Byron Sigcho-Lopez (25th); and Ald. Harry Osterman (48th).

A group of aldermen, including Sigcho-Lopez, sponsored a proposed change to the Affordable Requirements Ordinance that would triple the required amount of affordable units from 10 to 30 percent in “high-rent zones” and raise it to 20 percent elsewhere. [Crain’s]Brianna Kelly


Related Articles

arrow_forward_ios
Mayor Lori Lightfoot (Getty; iStock)

Chicago affordable housing program has failed, report finds

Chicago affordable housing program has failed, report finds
Vista Tower with (inset) Steve Vogel and Magellan Development CEO David Carlins (Vista, Bennington Marine)

Buyer of $10M Vista Tower condo sues Magellan after Wanda sells stake

Buyer of $10M Vista Tower condo sues Magellan after Wanda sells stake
1441 North State Parkway and 321 West Menomonee Street (Credit: Google Maps)

The 100 club: Century-old homes top Chicago’s priciest resi sales

The 100 club: Century-old homes top Chicago’s priciest resi sales
Mayor Lori Lightfoot (Getty, iStock)

Developers wanted: Chicago looks to transform struggling commercial districts

Developers wanted: Chicago looks to transform struggling commercial districts
Chicago mayor Lori Lightfoot and boarded up stores along Michigan Avenue (Credit: Jonathan Daniel/Getty Images, and Scott Olson/Getty Images)

Chicago’s $100M small biz loan fund has only distributed $17M

Chicago’s $100M small biz loan fund has only distributed $17M
Vista Tower and Magellan Development CEO David Carlins (Vista)

Dalian Wanda sells 90% stake in Vista Tower for $270M

Dalian Wanda sells 90% stake in Vista Tower for $270M
Short-term rentals in Chicago dipped in June, but spiked in  Lake Geneva, Wisconsin (left) and (right) Saugatuck, Michigan (iStock)

Short-term rentals soar outside Chicago…way outside

Short-term rentals soar outside Chicago…way outside
Chicago will direct $33 million to help renters and homeowners avoid eviction and foreclosure (iStock)

Chicago ups ante to help residents avoid eviction, foreclosure

Chicago ups ante to help residents avoid eviction, foreclosure
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...