By Quinn Myers (Block Club Chicago), November 7, 2023
A controversial resolution aimed at raising the city’s real estate transfer tax on high-end properties to fund homelessness prevention passed the full City Council Tuesday. The measure, known as Bring Chicago Home, will now head to voters in a ballot referendum question in March.
Progressive activists and anti-homelessness groups have for years advocated to increase the tax rate buyers pay on property sales over $1 million, with the additional revenue dedicated to providing permanent affordable housing and wraparound services for people who are unhoused. The policy was a central promise of Mayor Brandon Johnson’s mayoral campaign earlier this year.
Chicago Coalition for the Homeless is a proud coalition member of Bring Chicago Home.
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