Chicago Approves Green Affordable Housing Plan

The Mayor’s plan calls for creating a nonprofit housing corporation tasked with building affordable housing that meets Green Building standards.

1 minute read

May 8, 2025, 8:00 AM PDT

By Diana Ionescu @aworkoffiction


Aerial view of Chicago with river in foreground.

Felix Mizioznikov / Adobe Stock

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.

Wednesday, May 7, 2025 in CBS News Chicago

Young Professional

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

"Planetizen federal action tracker" logo superimposed over black and white image of US Capitol dome.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

October 28, 2026 - Zachary Whalen

A car drives through a puddle, making a large splash. Rain pours down.

California plans to bury El Niño’s downpour

If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.

October 28, 2026 - Grist

Lake Powell with much of the water evaporated.

Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River

Draining the reservoir could reduce evaporation losses by a couple hundred thousand acre-feet.

October 30, 2026 - Yale Environment 360

Metra train pulling into station.

Metra may invest $9.1 billion in regional rail

The agency released a draft of a study examining potential ways to offer more frequent train service.

30 minutes ago - Mass Transit

A group of officials stand in a patch of dirt holding golden shovels and white hardhats.

California city breaks ground on transit connector

The project includes three mobility hubs and a pedestrian bridge.

November 2 - Mass Transit

People walking by a brick school in Cambridge.

After public outcry, Massachusetts city releases housing development tracker

Cambridge’s tracker currently shows 250 housing projects in various stages of development.

November 2 - Smart Cities Dive