An inclusionary housing ordinance (IHO) requires a certain percentage of units in any new or substantially rehabbed residential building in a municipality to be affordable to people at moderate or low incomes.
On Monday, October 29, Evanston's IHO Sub-Committee passed a revised ordinance that Joining Forces believes is a great improvement upon the one passed in 2015 (which was a great improvement upon its predecessor). Here is an overview of the ordinance, with new changes highlighted:
# of Units That Must Be Affordable:
Fees in Lieu
(IHOs often allow developer to pay fees into a fund instead of including the affordable units on-site in the development.)
NEW: It used to be that all developers could buy out of all on-site units using fees in lieu, regardless of variances or allowances.
Duration of Affordability:
Appearance & Size of Affordable Units:
Who Is Eligible for the Affordable Units:
Reduction of Requirements: