Uptown in the News
March 19, 2004
In 2002, Alderman Preckwinkle (4th) proposed an affordable housing set-aside ordinance. The bill would require developers to set aside apartments for low- and middle-income residents. It would cover all new and rehabbed buildings---including condo conversions---with ten or more units, and 25 percent of those units would have to be affordable. Mayor Daley has used his influence to keep the ordinance buried in the council's housing committee, and not come to the floor for a vote. As Daley sees it, the measure would undercut everything his administration has done over the last decade to encourage residential development. Uptown's Organization of the NorthEast is not pleased with the delaying tactic.
To view the entire article for a fee, please visit the Chicago READER website at www.chireader.com.
|
top of page