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Originally Posted by Randomguy34
Affordable applications were apparently given two definitions: A PD "for property located in an Underserved Ward", and "shall also mean any application for a zoning change which triggers the" ARO, assuming the application provides on site units. The article also highlighted the two definitions
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I still had the ordinance up on my computer and took another look.
You're right. They added the "any application the triggers" portion below the PD definition and it muddied the waters.
Quote:
Originally Posted by Randomguy34
I believe the city's designates affordable units as being exclusively to people at 60% AMI or below, so a ward with cheap rents can still be considered underserved if the units aren't exclusive. In the ARO pilots, it looks like affordable units can be leased from 80%-100% AMI. Either way, I'm surprised that the ordinance was vague about this and didn't make this explicitly clear
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The only definition that applies to this is 2-45-115(B)
“Affordable housing” means (1) with respect to rental housing, housing that is affordable to households earning up to 60 percent of the Chicago Primary Metropolitan Statistical Area median income
No mention of income limits, or eligibility criteria, just that it is affordable to them.
Works out to $889 for a studio and $1015 for a 1br.
The pilot areas are sections 117 and 119. Their definitions shouldn't apply, but 115 is sufficiently interwoven into those sections that I am uncertain as to whether this would apply to any pilot projects, all pilot projects, or just the "first units" in the pilot projects. In fact, it could supercede the pilot areas all together.
In any event, it is so poorly drafted that corporation council is gonna have a lot of billable hours working out the implications.