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Revised property transfer tax plan, a hallmark of Mayor Brandon Johnson's campaign to address Chicago homelessness, takes a step forward - Vimarsana News

Revised property transfer tax plan, a hallmark of Mayor Brandon Johnson's campaign to address Chicago homelessness, takes a step forward

Years after a measure to raise a tax on property sales above $1 million to fund homeless services failed to gain momentum, Mayor Brandon Johnson’s aldermanic allies introduced an updated version of the plan Thursday with hopes that momentum from the new mayor’s electoral victory this year will help secure its passage. The “Bring Chicago Home” resolution was one of Johnson’s hallmark campaign ...

Source: yahoo.com
Apartment lobby, developers nab spots on Johnson transition roster - Vimarsana News

Apartment lobby, developers nab spots on Johnson transition roster

Mayor-elect Brandon Johnson appointed executives from the Chicagoland Apartment Association and developer Sterling Bay to transition team subcommittees.

As Rents Rise, Push to Eliminate Illinois' Ban on Rent Control Grows | Chicago News - Vimarsana News

As Rents Rise, Push to Eliminate Illinois' Ban on Rent Control Grows | Chicago News

Rent prices rose 9.4% in 2022, according to data firm CoStar Group. In response, groups of local tenants are unionizing in hopes of pushing for an end to a rent control ban that was passed in 1997.

Source: wttw.com
Illinois affordable housing law draws applause from developers - Vimarsana News

Illinois affordable housing law draws applause from developers

A tax credit could become a carrot for a sector that's long groused about the sticks.