The Housing Squeeze Hits The Middle In Chicago: One Solution

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Pictured Above: bisnow.com, Charleston’s TheDigitel/Flickr

A real estate tax exemption is on the assessed value of the building (excluding land) for rehabilitation or new construction of affordable housing of formerly city or county owned land. The sites would also need to be in Opportunity Zones and Opportunity Areas as determined by the city of Chicago and HUD.

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