Chicago sets up affordable housing task force
Jul. 21, 2014
CHICAGO (AP) — Chicago Mayor Rahm Emanuel's office says a task force has been created in an effort to increase the number of affordable housing units in the city.
In a news release, the mayor's office says the task force will be made up of community leaders, several members of the City Council, developers and others. The task force is asked to make recommendations for changes in the city's Affordable Requirements Ordinance that will lead to the addition of 1,000 affordable housing units over the next five years.
The release says the task force is part of Emanuel's five-year plan to commit $1.3 billion in public and private money to build, rehabilitate or preserve 40,000 units of affordable housing in the next five years.
The task force will make recommendations later this year.