
Chicago City Council Approves Plans for 200 Affordable Homes
Clip: 9/23/2026 | 3m 43sVideo has Closed Captions
Two projects will build homes for low- and moderate-income people in Edgewater and Humboldt Park.
Two long-in-the-works developments will get city subsidies totaling $57.6 million, including the first large chunk of funds from Mayor Brandon Johnson’s signature economic development effort.
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Chicago City Council Approves Plans for 200 Affordable Homes
Clip: 9/23/2026 | 3m 43sVideo has Closed Captions
Two long-in-the-works developments will get city subsidies totaling $57.6 million, including the first large chunk of funds from Mayor Brandon Johnson’s signature economic development effort.
Problems playing video? | Closed Captioning Feedback
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>> First off tonight, members of the Chicago City Council called off a planned showdown between proposals designed to step up protections for renters.
Instead, they approved millions in city subsidies to build affordable housing in Edgewater and Humboldt Park or Heather.
Sharon joins us now from City Hall with the latest on today's anticlimactic meeting.
Heather, neither of those 2 proposals to rewrite Chicago's 40 year-old landlord.
Tenant law got a vote today not.
>> Well, there is still some hope among people on both sides of the issue that a compromise measure could be hatched hashed out and that would be able to sail through the city Council.
And when the mayor's approval.
But there's really no sign of any progress.
But at the same time, neither side is convinced they have the votes to pass the City Council or withstand a mayoral veto.
So when you don't have the votes or if you're not sure you don't vote and that's what happened again today at City Hall.
>> All right.
But more affordable housing is coming to Humboldt Park and Edgewater.
What would that look like?
>> Well, in Humble Park, a school that was closed by former Mayor Rahm Emanuel in 2013 is finally set to become 103 units of affordable housing.
And that's the Von Humboldt School, which was built 130 years ago and is sent to be rehabilitated into new apartments offices for the parade, Puerto Rican, Cultural Center.
>> And Community Space in Edgewater, a city owned property that was home to a streets and sanitation yard is going to become 90 units 11 story building.
Now, both.
Projects need to heavily subsidized by the city.
That will cost taxpayers more than 57 million dollars.
>> All right.
And the city council also agreed to subsidize a new plan for the site that was once known as Lincoln Yards.
How much is that going to cost taxpayers?
>> That is going to be nearly 202 million dollars.
Now it's so much because this is land that was once home to a steel factory.
So the city has to bill roads and infrastructure to make this a new neighborhood where they plan to build more than 3700 apartments along with hundreds of thousands of square feet of office space.
Now, this money will also potentially be used to extend of the 606 trail over the Chicago River that has long long been sought by bike advocates in Chicago.
>> And then alderman will be back at City Hall tomorrow.
Why is that?
>> Well, they haven't yet considered a plan to allow Chicago's parking meters to be sold to a New York investment firm.
Now we reported that that agreement calls for the city to be paid 75 million dollars and includes an agreement from the firm to sell an airline that has been helping the Trump administration carry out deportations.
Now that agreement is very complicated.
It has taken longer than officials thought it would to nail down.
But it is set to be presented in full to alderman tomorrow morning, but they will have to come back again.
Maybe as soon as early next week to put the final stamp of approval.
So today was a long day, but there's still a lot more work to be done.
>> Yeah, more business to be done.
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