Mayor Brandon Johnson and The Department of Housing Introduce Green Social Housing Ordinance to Chicago City Council
Mayor Brandon Johnson has introduced the Green Social Housing Ordinance to the Chicago City Council, aiming to address the city's affordable housing crisis through a sustainable development model. This initiative, part of the Housing and Economic Development Bond, seeks to create a minimum of 30% permanently affordable units in new developments, utilizing a $135 million revolving loan fund to reduce construction costs without relying on federal subsidies.