As I've said many times, the new ARO requirements and pilot areas have simply crushed new supply effectively reducing the total number of affordable units delivered:
https://therealdeal-com.cdn.ampproject.o...shing-new-apartment-development-study%2F
I've also noticed an explosion of as of right construction in many areas of the city which is likely making up for these backwards rules. Of course that just means more rapid displacement over much of they city. I was just driving down Cermak today and felt a wave of sadness that the beautiful community and culture there is about to be bulldozed because of backwards rules preventing new construction anywhere else that would alleviate demand.