The new TOD ordinance in 2022 — summarized City Council adopted a new TOD ordinance, called “Connected Communities” on Wednesday, July 20, 2022. This is also the third and largest revision of the TOD density bonus and parking reduction rules originally adopted in 2013.
The ARO Matrix is designed to help decode the rules for Affordable Requirements Ordinance (ARO) in Chicago. We know that the rules can be confusing, especially because there is a different ruleset for each of the five ARO areas, and we want to help make the process of calculating how much affordable housing is required as straightforward as possible.
Access the ARO Matrix directly (this is for Cityscape Real Estate Pro members only), or after looking up an address in Chicago and opening its Zoning Assessment. The 45-second video below walks through how to get there.
Chicago City Council adopted a new ward map on May 16, 2022. The new map will be effective for the 2023 city council election. Find out which ward you'll be shifted to using Address Snapshot's Surrounding Places feature.
Look up your address now in Chicago Cityscape to see your current and future wards.
The 30-second video below demonstrates looking up an address and using the table of contents to jump down to Surrounding Places.
The location of Enterprise Zones has long been a part of our Incentives Checker: Every time you look up an address in Illinois, Incentives Checker will check if there's an overlapping Enterprise Zone.
Common to all EZs is the incentive to waive state sales tax (6.25%) on building materials for new and rehab construction. This can be a huge savings!
In conversation with one of our members last week about a new project they were trying to close soon, we asked if they had checked for incentives. Thinking that the location probably wasn't eligible for any due to the higher-value market activity there, I advised them to check because Enterprise Zones cover a very large proportion of Chicago and include areas with lower-cost as well as higher-cost properties.
They checked, and indeed, the property is in an EZ. Based on the project cost this has the potential to save them tens of thousands just in state sales tax. This savings assumes that they source their construction materials from Illinois retailers.
We launched a new Enterprise Zones map to show all 102 EZs across Illinois and to better inform our members of the incentives. In Chicago, for example, the application process is simple and approved within a few weeks.
The map is for members only. If you're not a member you'll be invited to start a free trial (no credit card needed).
After creating 12 new features in 2022 Q1, we decided it would be good to walk through some of them in a live demonstration. Here's our agenda for the first "lunch break update" (new name is pending):
Thank you to those who attended! This was our first time doing a live, public demonstration and we loved the discussions.
Watch the edited recording, which is 34 minutes long. Watch this video if you want to...(skip ahead to this timestamp to watch just that portion)
