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| | HR0617 | | LRB099 12861 MST 36728 r |
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| 1 | | HOUSE RESOLUTION
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| 2 | | WHEREAS, Most of the City of Chicago is divided |
| 3 | | economically into rich or poor; economic segregation |
| 4 | | concentrates not only the poor, but also the wealthy; the |
| 5 | | growth of concentrated poverty on the City's South and West |
| 6 | | sides and the decline of Chicago's middle class means that |
| 7 | | other areas must, in contrast, have concentrated wealth; and
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| 8 | | WHEREAS, When poverty rates and segregation are high in |
| 9 | | metropolitan areas, those regions perform worse economically |
| 10 | | relative to less segregated areas; regions segregated by race |
| 11 | | as well as skills have slower rates of income growth and |
| 12 | | property value appreciation; and
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| 13 | | WHEREAS, Chicago ranks third on the list of cities with |
| 14 | | isolated wealth, behind Boston and Philadelphia; and
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| 15 | | WHEREAS, The Metropolitan Planning Council has been |
| 16 | | working on a range of efforts to spur healthy, mixed-income |
| 17 | | communities; for a decade, they have been working with 9 |
| 18 | | regional housing authorities through the Regional Housing |
| 19 | | Initiative to provide subsidies for affordable housing in |
| 20 | | low-poverty communities near transit; recent changes to the |
| 21 | | Chicago's Affordable Requirements Ordinance will result in |
| 22 | | more affordable housing in market-rate buildings in |