In a recent Chicago Tribune op-ed, Chicago's Mayor Daley urges state policymakers to increase the supply of affordable housing in Illinois.
Mayor of Chicago Richard Daley writes that despite the billions of dollars that the City has invested, and despite the hard efforts of community and faith-based organizations to devote their resources, that the City continues to face an unmet need for affordable housing. He urges the Illinois State Assembly to pass legislation that "without a general tax increase...would provide subsidies to landlords to reduce the rents of very-low income tenants throughout Illinois." He adds: "The program would be funded by a $10 surcharge on the recording fee for real estate transactions." According to Mayor Daley, nearly three-quarters of Chicago's renters pay more than 30 percent of their income on rent.
Thanks to Connie Chung
Read the full story: Increasing the supply of affordable housing
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