With No Oversight, Illinois Cities Flout State Law That Encourages Affordable Housing – WBEZ (Chicago)

The board is part of the Illinois Affordable Housing Planning and Appeal Act, which was originally passed in 2003. That law requires cities with at least 1,000 residents and with less than 10% affordable housing to submit affordable housing plans to the state. The law is intended to encourage affordable housing, but resistance is rampant.
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Platinum Goose
3 years ago

This is just another tax the rich scheme under the guise of social equity. I know a developer that said he loses money on every affordable unit he’s required to build. However he raises his price on the non affordable units to make up for it. So if you’re buying/renting one of the non affordable units you are subsidizing the affordable units. I really hate this policy. If someone can’t afford to live in my community are they going to support the businesses in my community. The businesses in my community opened here because of the demographics (income). Now you’re… Read more »

Freddy
3 years ago

There is a lot of affordable housing in Rockford. Problem is property taxes are Unaffordable here and many other places. Property taxes are equal to or a little more than the mortgage given the ultra low mortgage rates. A few years ago property taxes were close to 60% of the mortgage.
Simply stated you a paying for more than two homes while claiming ownership to only one.

debtsor
3 years ago

This is such terrible policy. There is plenty of ‘affordable’ housing out there. It’s just not in the areas that are affordable. I personally love the Naperville/Aurora affordable housing dichotomy. Naperville supposedly lacks affordable housing, but literally 5 minutes away, in Aurora, there is plenty of affordable housing. Same for the Park Ridge/Des Plaines, Elmhurst/Maywood, Highland Park/Highwood. This is law is designed to destroy communities.

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“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”

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