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Latest blog post Thursday, November 07, 2019
Where the ARO units are
by Steven Vance
The Chicago Department of Housing published its interactive Affordable Requirements Ordinance dashboard today. The website shows where residential units have been built as a result of the City’s ARO law, in place since 2003.
The ARO is a form of inclusionary housing, a group of rules used in cities all over the country that require market-rate housing builders to provide affordable housing. In the ARO generally, the developer has to rent or sell 10 percent of the units in a project as affordable in exchange for a zoning change.
And it’s one of the many affordable...
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