The Park Ridge City Council approved its affordable housing the city’s staff spent months getting feedback on March 20. The council sought to increase its number of affordable housing units t…
Park Ridge is considering how to best comply with an Illinois law requiring 10% of housing stock to be considered affordable. Currently, 8.1% of the housing stock meets criteria for affordability. Pioneer Press.
“What has changed in Park Ridge by doing this? Have we taken any actual action to move the needle? Because I see a lot of ‘We’re going to consider, we’re going to evaluate.’ Does anything in this document change — or is this business as usual the way it’s been the past 10-15-30 years?” To raise the number of affordable housing units in the city to comply with the state’s Affordable Housing Planning and Appeal Act of 2003, the city would need to convert 280 existing dwellings into affordable units or create at least 315 new affordable units.Establishing demolition and developer fees to fund affordable housing programs and other historic preservation and sustainability goals.
Examine and evaluate the potential to create a developer-driven, voluntary inclusionary housing program by offering zoning incentives to private developers to create affordable housing units. Hague said he considered Park Ridge’s plan as “good first steps” for the city to reach its affordable housing goal, but said that what will ultimately help Park Ridge would be to increase housing density in the city. “This is a simple supply and demand problem,” he said, “There’s just simply more demand than there is supply in all of these places, so if you build more supply there’s going to be theoretically less demand.
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