A bill with anti-gentrification goals would charge developers who intend to knock down homes along the city’s new bike trail.
"Aldermen Proco 'Joe' Moreno, 1st, and Roberto Maldonado, 26th, are drafting an ordinance that would increase the demolition fee for residential properties and charge a deconversion fee when multiple-unit buildings are turned into single-family homes within a still-unspecified area," Corilyn Shropshire writes for the Chicago Tribune. Houses along the 606 trail have seen their values increase since the bike path's completion.
"It's twofold — to slow down the pace of gentrification and to create a fund for those existing homes to be improved for home and building owners and their tenants," Maldonado told Shropshire. Some are worried that the new value of land toward the western end of the trail will push out renters. Geoff Smith, executive director of the Institute for Housing Studies, says "[m]ultifamily, small, multiunit affordable housing buildings aren't built anymore."
FULL STORY: Aldermen want to 'put a brake' on gentrification along The 606
Obama Library Displacement Concerns: City Council Falls Short of Local Demands
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Chicago's 606 Bike Path Made Gentrification Inevitable, Expert Claims
Because the rails to trails project left housing up to the market, rising rents were inevitable, claims a new report.
Are Chicago's Transit Oriented Developments Generating Enough Affordable Housing?
Chicago's Logan Square neighborhood is the scene for a very contemporary land use policy debate: how much affordable housing can cultivated from the development opportunities in proximity to transit lines?
Trump Administration Could Effectively End Housing Voucher Program
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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.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
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Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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