Ordinance SO2024-0011001
Passed
Amendment of Municipal Code Titles 2, 5 and 17 by adding new Chapter 5-11 entitled "Tenant Opportunity to Purchase Block (606) District Pilot Program" and by modifying Section 2-44-135 regarding demolition permit surcharge ordinance, and Section 17-7-0590 redefining boundaries of 606 District
Auto-generated summary
The City of Chicago is addressing a shortage of affordable housing for low- and moderate-income households by amending the Demolition Permit Surcharge Ordinance and the Municipal Code of Chicago. The amendments include a surcharge on certain demolition permits, with revenue going towards affordable housing efforts, and zoning regulations to maintain affordable housing options. The city has also introduced the Tenant Opportunity to Purchase Block (606) District Pilot Program, which empowers tenants to purchase multi-family rental properties to preserve affordable housing. Tenant associations have the right of first refusal to purchase rental properties, with specific rules and timelines in place. Any properties purchased must be maintained as affordable housing for at least 30 years. The Commissioner is authorized to create rules for implementation.
Alternate identifiers: O2024-0011001
Sponsors
| Sponsors (7) | Ward | |
|---|---|---|
|
Ramirez-Rosa, CarlosPrimary Sponsor | Ward 35 |
|
La Spata, Daniel | Ward 1 |
|
Fuentes, Jessica L. | Ward 26 |
|
Sigcho-Lopez, Byron | Ward 25 |
|
Cruz, Ruth | Ward 30 |
|
Rodriguez Sanchez, Rossana | Ward 33 |
|
Cardona, Jr., Felix | Ward 31 |
History
Legislation text
Additional Documents
- 2023 State of Rental Housing in the City of Chicago.pdf
- Characteristics of the 2 to 4 Stock in Chicago Neighborhoods.pdf
- DPD Citywide Affordable Rental Housing Analysis - NWS HP.pdf
- Patterns of Lost 2 to 4 Unit Buildings in Chicago.pdf
- Zoning Committee Letter 9-18-24.pdf