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Record #: O2020-2850   
Type: Ordinance Status: Introduced
Intro date: 5/20/2020 Current Controlling Legislative Body: Joint Committee: Housing and Real Estate; Zoning, Landmarks and Building Standards
Final action:
Title: Amendment of Municipal Code Titles 2, 4 and 17 by modifying various provisions governing affordable dwelling units
Sponsors: Lightfoot, Lori E. , Burnett, Jr., Walter, Martin, Matthew J. , Osterman, Harry, Hadden, Maria E. , Tunney, Thomas
Attachments: 1. O2020-2850.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR


May 20, 2020










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Commissioner of Housing, the Commissioner of Planning and Development, and the Commissioner of Buildings, I transmit herewith, together with Aldermen Burnett, Haden, Martin, Osterman and Tunney, an ordinance amending various provisions ofthe Municipal Code regarding affordable dwelling units.

Your favorable consideration ofthis ordinance will be appreciated.


Very truly your^

ayor

ORDINANCE

BE IT ORDAINED BY THE CITY COUNCIL OFTHE CITY OF CHICAGO:

SECTION 1. Section 2-44-065 ofthe Municipal Code of Chicago is hereby amended by inserting the language underscored, as follows:

2-44-065 Program applications, administration, and related fees.

(Omitted text is unaffected by this ordinance)
Compliance Monitoring Late Fee - $20 per unit for all housing units in a project or building in addition to the Compliance Monitoring fee.
Affordable Conversion Unit Initial Registration Fee - $500 per unit.

(Omitted text is unaffected by this ordinance)

SECTION 2. Chapter 2-44 ofthe Municipal Code of Chicago is hereby amended by inserting a new Section 2-44-106, as follows:

2-44-106 Affordable conversion units.
Title. This section shall be known and cited as the'Affordable.Conversion Unit Ordinance" or "ACU Ordinance."
Purpose. This section establishes affordability requirements for certain conversion units established in conformity with the Chicago Zoning Ordinance, Title 17 of the Municipal Code of Chicago, in order to preserve and expand available affordable housing in the City.
Definitions. As used in this section:

'Affordable housing unit(s)" means housing that is affordable to households earning up to 60% ofthe area medium income ("AMI"), as published annually by the Department of Housing. As used in this definition: "Affordable" means annual rent less than or equal to the amount ...

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