A zoning change is granted that increases project density or allows a residential use not previously allowed, The development is a “planned development” within the downtown area. The ordinance also applies if: Since the 2015 revisions, the Department of Housing has unveiled a dashboard to provide transparency for both the ARO units built and how they are occupied, which can be viewed here. Affordable Requirements Ordinance INTRODUCTION The Affordable Requirements Ordinance (ARO) is one of the City’s strongest, most efficient tools to create affordable housing. Originally passed in 2003, the program was amended in 2007 and, most recently, in 2015. Developments subject to the ARO are required to set aside 10% of units to be built as affordable housing, with projects receiving financial assistance from the City … Recently adopted after resistance from a powerful mayor, this program represents a political compromise that falls short of what was sought by the proponents of the program. Thirteen years ago, Chicago passed the Affordable Requirements Ordinance to address an affordable housing shortage using money obtained from developers building market-rate units. A housing developer that is seeking city financial assistance or a zoning change to increase housing density is required to set aside 10 percent of the units for long-term affordability or make a payment in lieu of setting aside units. The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance including upzoning or involve city-owned land to provide a percentage of units at affordable prices. The City of Chicago Office of Inspector General (OIG) has completed a follow-up to its March 2017 audit of the Department of Planning and Development’s (DPD) administration of the Affordable Requirements Ordinance (ARO). Chicago’s Affordable Requirement Ordinance has fallen short of creating the affordable housing needed in communities most at-risk of displacement. The Naperville City Council unanimously directed staff to begin work on a zoning ordinance that would require developers to include affordable options in new housing developments. The elected co-chairs are Aldermen Walter Burnett (27th), Harry Osterman (48th) and Byron Sigcho-Lopez (25th). INTRODUCTION The mayor is looking to review the city's Affordable Requirements Ordinance as she pushes back on demands by the Chicago Teachers Union that its … AFFORDABLE REQUIREMENTS ORDINANCE (ARO) FAQ’S. Create more affordable housing for Chicago’s working families. The proposed ordinance would enforce the affordability requirement for those conversion units subject to the affordability requirement in a few ways. CHICAGO (WLS) -- For many it's a real struggle to find an affordable place to live in Chicago, despite an ordinance that's supposed to help create more homes people can afford. When costs prevent housing developments to be built, problems arise because demand is high while supply has been restricted. It’s the fourth development Martin has approved that provides at least twice as many units below market value than required, said Josh Mark, director of development and infrastructure for the 47th Ward. The unit would be associated with another project of the developers and would be aimed at achieving the off-site unit requirements outlined within Chicago’s Affordable Requirements Ordinance (ARO). A recommendation noticeably missing is a call for increasing the in-lieu (penalty) fee, which is encouraging. A significant complaint of the current way the ARO functions is builders have affordable units that sit vacant for long periods of time and conversely, potential renters and purchasers do not know how to be certified as affordable housing candidates. The report will be studied and modifications to the 2015 ARO will be offered. Each of the pilot zones will require 20percent on-site if the project receives TIF funding. Chicago, Cook County. What is the Affordable Requirements Ordinance (ARO)? Chicago Baseball 2003 Consumer Confidence Index There are a number of pending changes to the ordinance being considered by the Chicago City Council and substantive pieces of even this Q and A may be modified or nullified as a result. Contact. The Ordinance requires the City, in turn, to use these fees to advance affordable housing development in Chicago. Post-2015 changes being advocated for include: These new requirements will affect new residential developments in the respective zones that contain 10 or more units and a zoning change, or new residential developments in the respective zones that involve a city land sale or receive city funding. What is the Affordable Requirements Ordinance (ARO)? One year after Chicago expanded affordable requirements on new apartment construction, a Real Deal analysis shows sharp drop-off in applications Chicago / Oct. October 17, 2018 10:00 AM Developments subject to the ARO are required to set aside 10% of units to be built as affordable housing, with projects receiving financial assistance from the City … According to the City of Chicago … Under the ordinance, developers must charge below-market rents or prices in 10 percent of the units in a residential project. 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