News & Analysis as of

Affordable Housing City of Chicago

Clark Hill PLC

Chicago’s So-Called “Anti-Gentrification” Ordinance Has Potential Impacts on Apartment Owners and Lenders on Chicago’s Northwest...

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Chicago enacted the “Northwest Side Housing Preservation Ordinance,” an ordinance that many are referring to as the “anti-gentrification” ordinance. Despite the grandiose moniker, the ordinance breaks down to two specific...more

Katten Muchin Rosenman LLP

Chicago City Council Authorizes Housing Department Loan Restructurings

On September 19, the Chicago City Council amended the city's municipal code to give the housing commissioner new wide-ranging authority to restructure affordable housing loans and grants. The commissioner is now empowered to:...more

Cozen O'Connor

Cozen Cities - September 11, 2024

Cozen O'Connor on

CHICAGO — CTA Launches AI Surveillance to Stop Gun Violence at Transit Stations- The Chicago Transit Authority (CTA) recently rolled out an artificial intelligence (AI) surveillance tool to detect guns at stations, a move...more

Cozen O'Connor

Cozen Cities - January 31, 2024

Cozen O'Connor on

CHICAGO — Chicago Rideshare Drivers Looking for Safety Solutions- Chicago Gig Alliance organizer Lori Simmons is leading the charge in demanding city officials take action in response to a rash of recent rideshare driver...more

Cozen O'Connor

Cozen Cities - December 13, 2023

Cozen O'Connor on

BALTIMORE — New UpSurge CEO Bets on Baltimore, Tech Tech- entrepreneur Kory Bailey — who was recently named CEO of UpSurge, a nonprofit, professional ecosystem-building organization — spoke about his efforts to build a...more

Levenfeld Pearlstein, LLC

Chicago Moves One Step Closer to Enacting ‘Mansion Tax’ That Would Apply to Residential and Commercial Properties

Chicago mayor Brandon Johnson recently agreed to change the city’s real estate transfer tax by implementing a so-called “mansion tax”– a real estate transfer tax applied to the purchase of property over a certain amount. The...more

Foley & Lardner LLP

City Passes New Affordable Housing Requirements in Three Pilot Zones

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On October 11th, the Chicago City Council passed two ordinances creating three new Affordable Requirements Ordinance zones. The new requirements eliminate the option to pay an in-lieu fee in the pilot zones, and require...more

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