
Policy & Programs
The proposal to convert Chicago's transfer tax into a graduated rate on high-value sales failed at the ballot. The flat structure stands, but the underlying debate over housing funding has not gone away.
Editorial · 7 min read

Policy & Programs
The expanded ordinance ends a nearly seven-decade limit on new coach houses and basement units across much of the city. The Department of Housing reported more than 30 applications in the first 12 hours.
Editorial · 7 min read

Policy & Programs
The City Council approved a new approach to building affordable housing in 2025. In 2026, the model moves from ordinance to ground, with the city calling itself the first major U.S. city to try it.
Editorial · 7 min read

Policy & Programs
Chicago passed a 16.6 billion dollar budget for 2026 that closed a roughly 1.15 billion dollar gap and, for once, held the line on the general property tax levy. The relief is real, but the math behind it is borrowed time, and homeowners are the line item every future budget will be tempted to reach for.
Editorial · 11 min read

Policy & Programs
Cook County passed a balanced $10.12 billion budget for 2026 with no new property tax, but the part owners actually feel is downstream: late bills, a stalled tax sale, and a pile of unclaimed refunds.
Editorial · 11 min read

Policy & Programs
After years of pressure to comply with a 2023 Supreme Court ruling, Illinois moved on two fronts in 2026: a postponement with paused interest, and a structural reform returning leftover equity to former owners.
Editorial · 8 min read