[chris08876]

Here's an interesting point from the zoning app:

The Applicant acknowledges and agrees that the rezoning ofthe Property from the DX-7 Downtown
Mixed-Use District to the DX-12 Downtown Mi.\ed-Use District and then to this Planned
Development (PD) triggers the requirements of Section 2-45-115 of the Municipal Code of Chicago
(Affordable Requirements Ordinance or ARO). Any developer of a residential housing project within
the meaning ofthe ARO must: (i) set aside 10% of the housing units in the residential housing project
(Required Units) as affordable units, or with the Commissioner ofthe Department of Planning and
Development's (DPD) approval, provide the Required Units in an approved off-site location; (ii) pay
a fee in lieu of the development of the Required Units; or (iii) any combination of (i) and (ii);
provided, however, that residential housing projects with 20 or more units must provide at least 25%
ofthe Required Units on-site or off-site. If the developer elects to provide affordable units off-site,
the off-site affordable units must be located within a two-mile radius from the residential housing
project and in the same or a different higher income area or downtown district. The Property is
located in a downtown district within the meaning of the ARO and the project has a total of 914 units.
As a result, the Applicant's affordable housing obligation is 91 affordable units (10% of 914, rounded
down), 23 of which are Required Units (25% of 91, rounded up).