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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. The ordinance applies to residential developments of 10 or more units and requires that developers provide 10 percent of their units at affordable prices. The ordinance also applies if:
- A zoning change is granted that increases project density or allows a residential use not previously allowed
Income Limits
For-sale units produced through the Affordable Requirements Ordinance must be affordable to households at or below 100 percent of Area Median Income (AMI). Rental units must be affordable to households earning up to 60 percent of AMI.
The Maximum Affordable Monthly Rents are available here.
Long-term Affordability
Units built under the Affordable Requirements Ordinance are required to remain affordable over time. Some units will have recapture mortgages to regulate the long-term affordability. At the time of purchase, the City records a 30-year lien for the difference between the unit's market price and its affordable price. Other units will be targeted for the Chicago Community Land Trust (CCLT). These units will have a 30-year restrictive covenant with a maximum resale price. The maximum resale price will be the original purchase price plus a percentage of the market appreciation, and in most cases will be a below market price.
See a list of rental and for-sale properties made available through the ordinance and other city programs.
2007 AROProjects submitted* before October 13, 2015 and that receive City Council approval by July 13, 2016 should utilize the following guidelines and use the following forms.
More Information:
2007 ARO Fact Sheet
Developer's Guide to ARO
2007 Ordinance (Chapter 2-45-110)
Forms:
2007 Affordable Housing Profile Form - Rental
2007 Affordable Housing Profile Form - For Sale
ARO Rental Unit Marketing Form
Affordable Units Details and Square Footage Worksheet
2015 AROProjects submitted* on or after Oct. 13, 2015 should utilize the following guidelines and use the following forms.
More Information:
2015 Ordinance (Chapter 2-45-115)
2015 ARO Factsheet
2015 ARO FAQs
2015 ARO Zone Map
2015 ARO Rules
2015 ARO In-Lieu Fee Schedule
2018 ARO In-Lieu Fees, effective January 1, 2018
Tenant Income Certification (TIC) Form
ARO Design Standards
Forms:
2015 Affordable Housing Profile Form
2015 ARO Web Form
Affordable Unit Details and Square Footage Worksheet
2015 ARO For-Sale Unit Marketing Form
ARO Rental Unit Marketing Form
Proposed ARO PilotsOrdinances to create two, three-year ARO pilot programs in gentrifying areas were introduced to City Council on Sept. 6, 2017.
For more information, download:The ordinances can also be found online.
For more information contact the City of Chicago at 312.744.6746
Related Links:
Housing Counseling Centers
Affordable Homes for Sale
*"Submitted" means (i) with respect to an application for zoning approval or the sale of city land, an ordinance authorizing the rezoning or city land sale has been introduced to City Council; or (ii) with respect to financial assistance, a complete application has been received and accepted by DPD.
- A zoning change is granted that increases project density or allows a residential use not previously allowed
Income Limits
For-sale units produced through the Affordable Requirements Ordinance must be affordable to households at or below 100 percent of Area Median Income (AMI). Rental units must be affordable to households earning up to 60 percent of AMI.
The Maximum Affordable Monthly Rents are available here.
Long-term Affordability
Units built under the Affordable Requirements Ordinance are required to remain affordable over time. Some units will have recapture mortgages to regulate the long-term affordability. At the time of purchase, the City records a 30-year lien for the difference between the unit's market price and its affordable price. Other units will be targeted for the Chicago Community Land Trust (CCLT). These units will have a 30-year restrictive covenant with a maximum resale price. The maximum resale price will be the original purchase price plus a percentage of the market appreciation, and in most cases will be a below market price.
See a list of rental and for-sale properties made available through the ordinance and other city programs.
2007 AROProjects submitted* before October 13, 2015 and that receive City Council approval by July 13, 2016 should utilize the following guidelines and use the following forms.
More Information:
2007 ARO Fact Sheet
Developer's Guide to ARO
2007 Ordinance (Chapter 2-45-110)
Forms:
2007 Affordable Housing Profile Form - Rental
2007 Affordable Housing Profile Form - For Sale
ARO Rental Unit Marketing Form
Affordable Units Details and Square Footage Worksheet
2015 AROProjects submitted* on or after Oct. 13, 2015 should utilize the following guidelines and use the following forms.
More Information:
2015 Ordinance (Chapter 2-45-115)
2015 ARO Factsheet
2015 ARO FAQs
2015 ARO Zone Map
2015 ARO Rules
2015 ARO In-Lieu Fee Schedule
2018 ARO In-Lieu Fees, effective January 1, 2018
Tenant Income Certification (TIC) Form
ARO Design Standards
Forms:
2015 Affordable Housing Profile Form
2015 ARO Web Form
Affordable Unit Details and Square Footage Worksheet
2015 ARO For-Sale Unit Marketing Form
ARO Rental Unit Marketing Form
Proposed ARO PilotsOrdinances to create two, three-year ARO pilot programs in gentrifying areas were introduced to City Council on Sept. 6, 2017.
For more information, download:The ordinances can also be found online.
For more information contact the City of Chicago at 312.744.6746
Related Links:
Housing Counseling Centers
Affordable Homes for Sale
*"Submitted" means (i) with respect to an application for zoning approval or the sale of city land, an ordinance authorizing the rezoning or city land sale has been introduced to City Council; or (ii) with respect to financial assistance, a complete application has been received and accepted by DPD.