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Keeping Housing Affordable in Chicago

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As developers and home sellers sweat out a slumping housing market the Chicago City Council is paving the way for the construction of more affordable housing.

The Council overwhelmingly approved the Mayor's controversial ordinance yesterday.

It will require developers of certain projects to set aside 10 percent of the homes for residents with lower incomes.

The vote yesterday capped a long fight to enhance Chicago's existing affordable housing provisions.

But some like 26th Ward Alderman Billy Ocasio said new measure still doesn't go far enough.

Ocasio and others backed amendments that would've made it easier for those with lower incomes to pay less for homes.

But those measures ultimately went down to defeat.

Still, 4th Ward Alderman Toni Preckwinkle called yesterday's vote a big victory.

So the big question is what's next for advocates of more affordable housing in Chicago?

Adam Gross is the Director of the Regional Affordable Housing Initiative for Business and Professional People for the Public Interest.

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