Advocates For The Homeless Eye Real-Estate Transfer Tax

Craig Dellimore
July 24, 2019 - 6:00 am
Chicago City Hall

(WBBM NEWSRADIO) -- Several Chicago aldermen want voters to decide whether a tax on high-end real estate should be used to help fight homelessness in the city.

With backing from the Chicago Coalition for the Homeless, some aldermen, like the West Side’s Walter Burnett, want to put referendum on the ballot. The idea would be to collect a one-time tax on the sale of million-dollar-plus properties to raise money for affordable housing and to help end homelessness.

North Side Alderman Rossana Rodriguez-Sanchez says the need is everywhere.

“We can see the full spectrum of the threat of homelessness, we see it visibly in the streets. We see people who are currently homeless, but we also see all the doubled-up households, with multiple families living in sometimes in units of one bedroom or two bedrooms,” she said.

Mayor Lightfoot says her administration has a slightly different approach, but expects to collaborate with the advocates. 

The ordinance is being introduced at City Council on Wednesday.