The Chicago Tribune summarizes the recent efforts of Chicago mayor Rahm Emanuel to promote affordable housing in the city:
The Tribune’s Jeff Coen and Gregory Pratt recently reported on Mayor Rahm Emanuel’s stumbles as he’s tried to tackle the tricky issue of affordable housing. They discovered that in gentrifying neighborhoods where affordable housing is most needed, fees paid by developers to fund housing at below-market rates get diverted elsewhere. In many cases, that money shows up on the South Side, where housing needs are great, but where affordable housing isn’t as acute of a problem as it is on the North Side.
They also found that the amount of affordable housing being built in the city is falling short of City Hall’s projections. In 2015, when City Hall strengthened the city’s affordable housing ordinance, Emanuel’s team predicted the creation of 1,200 new housing units by 2020. But as of the end of the first quarter in 2018, a Tribune analysis showed that the ordinance revamp had yielded only 194 affordable housing units, or a five-year pace of 431 units.
With a re-election campaign underway, the mayor’s been spitting out housing initiatives with dizzying speed — by our count, six measures within a span of a week that, one way or another, aim to make housing more affordable. Among them:
- The creation of a housing department that brainstorms long-term remedies to the city’s lack of affordable housing;
- The establishment of a $30 million fund to funnel low-cost financing to developers buying apartment buildings in gentrifying neighborhoods, with the catch that the developers have to set aside at least 20 percent of the units as affordable housing for at least 15 years;
- The expansion of the city’s transit-oriented development program to four heavily used CTA bus lines. The city’s TOD program currently encourages high-density housing and retail near train stations. Apartment builders in TOD areas must provide affordable housing. That requisite would apply to TOD projects near bus lines along Western Avenue, Ashland Avenue, Chicago Avenue and 79th Street.
Four quick thoughts:
- Chicago does not get as much attention regarding affordable housing as cities like San Francisco, Seattle, and New York City. Yet, the city has major affordable housing needs stretching back decades. Luxury condos may be common in the Loop, River North, and along the city’s lakeshore but numerous other neighborhoods need good and cheap housing. The list of city residents waiting for public housing is very lengthy.
- This lack of attention paid to Chicago compared to those other cities also hints at the relative nature of affordable housing. Chicago may be cheap compared to San Francisco but that does not mean that the city is relatively expensive compared to other big cities in the Midwest or the South.
- Perhaps just as important as how many affordable housing units are created is where the affordable housing units are located. If most of the units end up in wealthier and whiter neighborhoods, will this have a significant impact on worse-off neighborhoods?
- The Tribune mentions the looming reelection Emanuel faces: are these affordable housing ideas simply campaign fodder or is there going to be a sustained effort over time?
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