'Bring Chicago Home' referendum goes up for vote

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'Bring Chicago Home' referendum goes up for vote
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Chicago ended 2023 with 6,139 people experiencing homelessness on any given day, according to the city’s annual Point-In-Time or (PIT) count. On March 19, primary voters will find a tax referendum on the ballot that aims to mitigate the crisis.

Chicago ended 2023 with 6,139 people experiencing homelessness on any given day, according to the city’s annual Point-In-Time or count. On March 19, primary voters will find a tax referendum on the ballot that aims to mitigate the crisis. The so-called "Bring Chicago Home" referendum raises the tax on properties sold for more than $1 million with increases implemented on a graduated scale rising 2% on properties selling for between $1 million and $1.

Proponents of the referendum argue it will generate tens of millions of dollars, ultimately providing permanent housing options for the unhoused, however, there appears to be no detailed plan by the mayor’s office for exactly how the money will be spent. The referendum comes as downtown Chicago continues to struggle to emerge from the crushing exodus of commercial real estate revenue during the COVID-19 pandemic.

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