City of Chicago - Density Bonus/Neighborhood Opportunity Fund Ordinance

City of Chicago - Density Bonus/Neighborhood Opportunity Fund Ordinance. As special counsel, represented the City of Chicago on a pro bono basis to re-draft the density bonus provisions of the City’s zoning ordinance.  The former ordinance allowed density for compensating, but ill-defined, “amenities.”  The new ordinance allows an owner within the City’s “D” zoning districts to obtain bonuses if their projects are approved as planned developments and they pay for the bonus based on a uniform formula.  The bonus payments are used in part to fund the newly created “Neighborhood Opportunity Fund,” which funds commercial projects in low income neighborhoods in the city.