Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Riverwoods advances first reading of affordable housing ordinance; trustees debate fee-in-lieu and land-dedication options
Summary
Trustees approved first reading of an ordinance to add affordable-housing requirements to Village Code Title 13, with differing views about fee-in-lieu payments, land dedication options, and income and tenure definitions for affordable units.
The Riverwoods Board of Trustees moved forward on a first reading of an ordinance to add affordable-housing requirements to Title 13 of the Riverwoods code, a draft the village attorney described as based on models used by nearby villages.
Under the draft, for-sale developments would face a 10% affordable-unit requirement (or a cash fee in lieu set by the village's annual fee schedule); multifamily rental developments would be required to provide 7.5% of units as affordable, with a minimum of 5% provided on-site and up to 2.5% satisfied by fee in lieu. The attorney said these proportions mirror approaches used in villages such as Arlington Heights and Skokie and are designed to differentiate rental and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
