Help us build a foundation for the future by partnering with us as we play a key role in addressing the challenges faced by many urban areas. The need for leadership in land use has never been greater.
Key ULI Chicago initiatives include:
- Our City, Our Future: Building Resilient Neighborhoods
ULI Chicago launched the Resiliency Initiative in October 2020 to harness the strength of its members to build equitable and sustainable neighborhoods as the building blocks of a thriving, resilient Chicago. Working in close partnership with the city of Chicago, we will convene industry and community experts in a series of workshops through Spring 2021 to prepare implementable recommendations that will also inform Chicago’s new citywide plan. Identifying opportunities for encouraging capital investment across all sectors of the built environment, with a focus on uplifting all residents and neighborhoods, will be a key part of the initiative.
In partnership with LISC Chicago, we launched Yield in the summer of 2020. Modeled on ULI’s Product Councils, Yield is a learning network that will build capacity of emerging commercial real estate developers of color in Chicago, support local wealth creation, and help bring visions of authentic neighborhood projects to life in South and West Side Chicago communities. Yield aggregates emerging and seasoned real estate professionals who share best practices and work together to further actionable neighborhood-based commercial real estate projects.
- Unlocking Accessory Dwelling Units (ADUs) in Chicago
In May 2020, ULI Chicago released recommendations for a successful, equitable ADU policy for Chicago as the culmination of a year-long ADU Initiative that engaged over a hundred members. ADUs, such as basement and attic units and backyard houses, can add new housing units at a lower cost than typical new construction units and create more diverse, vibrant neighborhoods. We combined on-the-ground knowledge of members with data analysis and lessons learned from peer cities across the country to develop implementable recommendations for Chicago. ULI Chicago’s ADU recommendations were instrumental in the framing of Chicago’s ADU ordinance introduced by Mayor Lightfoot in Chicago City Council in May 2020; the ordinance is currently being reviewed by City Council members.
- Property Tax Incidence Task Force
The investment community is very concerned about the impact of changing property assessment practices under Assessor Kaegi on property taxes. Fear that the new practices – “assessment reform” — will dramatically increase property taxes on investment grade commercial and multi-family properties is believed to be one of the factors in a significant drop in acquisitions and new development financing in 2019 and 2020 (pre Covid). At the request of the City ULI Chicago has convened a task force to study how the assessment changes are likely to effect the incidence of property taxes on investment grade properties of different types when the City is reassessed next year. The task force is due to report out by the end of 2020 to help the investment community understand the changes and the potential risks associated with assessment reform.
ULI Chicago is forging ahead confidently to provide the leadership necessary to plan for the future. Great challenges breed great opportunities for creative thinking, unique problem solving, and innovative ideas. Help us build a foundation.
The following opportunities are available:
- Leadership – $10,000
- Contributor – $7,500
- Supporter – $3,000
If you would like to become a ULI Chicago sponsor, please contact Cindy McSherry, ULI Chicago or call 773-549-4972.