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Expert Analysis

5 Things To Know About Chicago's Affordable Housing Regs

Law360, New York (February 3, 2016, 2:46 PM EST) -- Pending litigation and recent amendments have shifted the calculus for multifamily developers in Chicago who need zoning changes to accomplish development projects. Recent amendments to Chicago's Affordable Requirements Ordinance (ARO) — Chicago Municipal Code 2-45-110 — effective October 2015, and additional provisions that take full effect in July 2016, are causing the change. Pending litigation about the constitutionality of the ARO, which should be decided soon, could also bring additional changes to this market sector....

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