The Mayor’s plan calls for creating a nonprofit housing corporation tasked with building affordable housing that meets Green Building standards.
The Chicago City Council approved a proposal to create a nonprofit housing development corporation run by the city’s Department of Housing, reports Todd Feurer for CBS News Chicago. “The $135 million fund will be financed from a $1.25 billion borrowing plan approved by the City Council last year,” Feuer adds.
“That nonprofit, known as the Residential Investment Corp., would control a $135 million fund that would be used to provide low-cost loans to developers to build environmentally friendly buildings.” Projects built under its auspices would have to set aside 30 percent of units as affordable housing and meet Green Building Standards.
According to Feurer, “The ordinance includes guarantees that the loan fund will use Department of Housing workers for any services similar to existing jobs within the department.” The proposal underwent several changes before it was approved.
FULL STORY: City Council approves Mayor Johnson's "green social housing" plan to boost affordable housing
How Atlanta Built 7,000 Housing Units in 3 Years
The city’s comprehensive, neighborhood-focused housing strategy focuses on identifying properties and land that can be repurposed for housing and encouraging development in underserved neighborhoods.
Austin’s Building Boom Not Reaching Lowest-Income Families
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
End Human Sacrifices to the Demanding Gods of Automobile Dependency and Sprawl
The U.S. has much higher traffic fatality rates than peer countries due to automobile dependency and sprawl. Better planning can reduce these human sacrifices.
Seattle Transit Asked to Clarify Pet Policy
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Oregon Bill Would End Bans on Manufactured Housing
The bill would prevent new developments from prohibiting mobile homes and modular housing.
Nashville Doesn’t Renew Bike Share Contract, Citing Lost Federal Funding
The city’s bike share system, operated by BCycle, could stop operating if the city doesn’t find a new source of funding.
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