Office of the City Clerk - Record #: R2020-582

• Record #: R2020-582
• Type: Resolution
• Status: Failed to Pass
• Intro date: 7/22/2020
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 5/24/2023
• Title: Call for Department of Housing to establish online homeownership opportunity for preservation and education database for owners of 2 to 4 unit buildings
• Sponsors: La Spata, Daniel , Rodriguez, Michael D., Cardona, Jr., Felix , Rodriguez Sanchez, Rossana , Ramirez-Rosa, Carlos, Martin, Matthew J.
• Topic: CITY DEPARTMENTS/AGENCIES - Housing & Economic Development
• Related files: R2023-766

Date	Journal Page Number	Action By	Action	Result
5/24/2023		Committee on Committees, Rules and Ethics	Failed to Pass
7/22/2020	19839	City Council	Referred

City Council Meeting July 22, 2020 Committee on Housing and Real Estate

Resolution
CREATING THE HOMEOWNERSHIP OPPORTUNITY for PRESERVATION and EDUCATION INITIATIVE FOR OWNERS OF 2-4 UNIT BUILDINGS

WHEREAS, two-to-four unit buildings represented 35.7% of the Cook County's rental stock in 2007 (https://www.housingstudies.org/releases/state-rental-2019/ );

WHEREAS, only 29.5% of that same housing stock was two-to-four unit buildings by 2017 (https://www.housingstudies.org/releases/state-rental-2019/ );

WHEREAS, since 2012, there has been a loss of 29,212 rental units in two-to-four buildings, representing a 9.8% decline (https://www.housingstudies.org/releases/state- rental-2019/);

WHEREAS, a 2012 report from the Institute for Housing Studies atDePaul University observed that two-to-four unit buildings account for approximately 33% of rental stock in Cook County and over 38% of rental stock in the City of Chicago (https://www.housingstudies.org/releases/two-four-unit-buildings-cook-countys-rental- market/);

WHEREAS, as of 2012, over 53% of multi unit rental units in Cook County's low to moderate income communities were in two to fourunit buildings (previous citation);

WHEREAS, prices for 1 to 4 unit buildings in the vulnerable portions ofthe western half of The 606 have increased by nearly 344% since 2012
(https://www.housingstudies.org/releases/Displacement-Pressure-in-Context-606/ );

WHEREAS, the average home in 2012 sold for 30% less than the city average, the average 1 to 4 unit building sold for double the average Chicago home in 2018 (previous citation);

WHEREAS, the City of Chicago should consolidate and make available to Chicago r...