What's Happening?
Governor JB Pritzker of Illinois has proposed a statewide zoning reform initiative called 'Building Up IL Developments' (BUILD) as part of a $56 billion state budget. The plan aims to modernize building codes to facilitate the construction of workforce
housing, addressing high rent and limited homeownership opportunities. The initiative includes legalizing various housing types and reducing parking mandates to lower construction costs. The proposal is part of a broader effort to improve housing affordability and increase housing stock for middle-income earners.
Why It's Important?
The proposed zoning reforms are significant for addressing housing affordability in Illinois, a pressing issue affecting many residents. By modernizing building codes and reducing regulatory barriers, the initiative aims to increase the availability of affordable housing, benefiting middle-income families. The plan also reflects a growing trend among states to tackle housing shortages through legislative reforms. Successful implementation could serve as a model for other states facing similar challenges, potentially influencing national housing policy.
