February 08, 2016

Five Things to Know About Chicago's Affordable Housing Regs

Chicago’s multifamily developers are dealing with shifting regulatory winds as the city rolls out changes to its Affordable Requirements Ordinance (ARO), which requires developers to set aside units for affordable housing. In an article written for Law360, Faegre Baker Daniels associates Shawn Doorhy and Emma Olson evaluated the coming changes—some of which went into effect in October 2015, others will be implemented in July 2016—and how developers should prepare for them. The article also discussed a lawsuit challenging the constitutionality of the ARO that could invalidate certain aspects of the law, depending on the outcome.    

Olson and Doorhy also authored a legal update on this topic.

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