Chicago Upzoning Plan Divides Edgewater Housing
Impact on Local Housing Supply and Affordability Chicago is embarking on an ambitious upzoning initiative with the potential to transform local markets significantly. The rezoning of Broadway from Devon Avenue to Montrose Avenue is expected to revolutionize housing supply by introducing major density changes. Restrictive land use policies have historically limited housing supply and affordability in Chicago, making this rezoning crucial. Reclassifying areas to higher density zones like B3-5 and C1-5 anticipates an increase in new constructions. An example is the Bickerdike Redevelopment Corporation’s upcoming 11-story affordable project. The plan aims to provide more affordable units for those earning 60% or less of the Area Median Income. These units will vary in size to meet different household needs. Upzoning is seen as strategic for expanding affordable housing. Neighbors divided on the proposal reflect the tension in balancing increased density with community needs. By integrati...