The ARO is a form of inclusionary housing, a group of rules used in cities all over the country that require market-rate housing builders to provide affordable housing. In the ARO generally, the developer has to rent or sell 10 percent of the units in a project as affordable in exchange for a zoning change. To receive updates on for-sale units as they become available, please contact aro@cityofchicago.org and ask to be added to the Chicago Community Land Trust mailing list. The ordinance also applies if: Income LimitsFor-sale units produced through the Affordable Requirements Ordinance must be affordable to households at or below 100 percent of Area Median Income (AMI). These bus route corridors were added to the Chicago TOD ordinance in January 2019 and effectively doubled the area of Chicago in a TOD zone. If you are looking for an affordable rental unit to call home, see the attached list of affordable rental housing opportunities that have been supported and developed through the City of Chicago. You searched for apartments in Chicago, IL. The City of Chicago's Affordable Requirements Ordinance requires residential developments that receive City financial assistance or involve City-owned land to provide a percentage of units at affordable prices. There are 88 on-site units under construction in 10 projects. Projects submitted* before October 13, 2015 and that received City Council approval by July 13, 2016 should utilize the following guidelines and use the following forms. House & Apartment. 2007 ARO. Other units will be targeted for the Chicago Community Land Trust (CCLT). ARO has rentals available ranging from 375-1605 sq ft. View floor plans, photos, prices and find the perfect rental today. There are a number of pending changes to the ordinance being considered by the Chicago City Council and substantive pieces of even this Q and A may be modified or nullified as a result. The dashboard has 362 projects in the four stages; we analyzed the 125 buildings that are under construction or completed. $2,350 3 bds; Loading. AFFORDABLE REQUIREMENTS ORDINANCE (ARO) FAQ’S. It’s easy to highlight a specific community area and see how many ARO units are (1) proposed, (2) approved by the DOH, (3) have been issued permits, or (4) are completed and accepting tenants. Lincoln Common is proud to offer 54 apartments in accordance with the City of Chicago Affordable Requirements Ordinance (ARO). Chicago IL Apartments For Rent. 5023 W Agatite Ave #2, Chicago, IL 60630. No-fee luxury one- to three-bedroom rentals available, along with an awe-inspiring four-bedroom duplex penthouse residence Find top cheap apartments in Chicago, IL! To use the dashboard, navigate to the public dashboard portal. Of the 54 completed residential projects in the ARO dashboard, 23 buildings, 42.6 percent, with 223 units are within one block of a CTA or Metra station; 37 buildings, 68.5 percent, with 364 units are within two blocks of a station. * This information does not replace the counsel of an attorney. Note: COVID-19 is changing many areas of the law. The recommendations include: Inclusionary Housing Task Force Staff Report. Byron Sigcho-Lopez (25th), Tony Smith of PNC Bank, Stacie Young of Preservation Compact, and Juan Sebastian Arias of the Office of the Mayor. The Chicago City Council’s Committee on Housing and Real Estate has recommended approval of a three-year pilot initiative to expand and modify the City of Chicago’s Affordable Requirements Ordinance (the “ARO”) in certain areas along the Milwaukee Avenue Corridor and portions of the Near North and Near West areas of Chicago. 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