FEB 16, 2021
An ordinance up for consideration Tuesday is designed to extend the life on affordability covenants tied to homes sold through city housing programs.
Affordable housing covenants imposed by city programs would renew more frequently under a measure set for consideration by aldermen on Tuesday.
The ordinance (O2021-446), introduced last month by Mayor Lori Lightfoot on behalf of the Chicago Department of Housing, is scheduled for a vote by the City Council’s Committee on Housing and Real Estate during its 10 a.m. meeting.
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