Chicago Developers Discuss Solutions To City’s Affordable Housing Shortage

April 20, 2021

As the city of Chicago considers revisions to its Affordable Requirements Ordinance, local developers – including a number of Taylor Johnson clients – are moving forward with pioneering affordable and mixed-income projects that seek to close an affordability gap totaling approximately 120,000 units. Knowing recent and proposed policy changes have shifted the development landscape, we suggested a story on the state of affordable housing to the Chicago Tribune. In the resulting Real Estate section cover story, TJ clients Evergreen Real Estate GroupThe Habitat CompanyInterra Realty and Structured Development discussed how their projects and city-led initiatives like INVEST South/West, Chicago’s first-ever Equitable TOD framework and a new Additional Dwelling Units (ADU) Ordinance are expanding the supply of affordable homes. TJ also connected the writer with a resident at Evergreen’s Oso Apartments, a 48-unit affordable rental community in Albany Park developed in partnership with the Chicago Housing Authority. Read the full story here.

The Habitat Company’s 43 Green is a $100 million mixed-income, mixed-use eTOD in Chicago’s Grand Boulevard neighborhood being developed in partnership with P3 Markets.


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