ROLLING MEADOWS --
The City Council agreed Tuesday to
seek state money to secure more affordable housing in Rolling
The council will pay $6,000 to the non-profit Metropolitan Planning
Council of Chicago to help the city apply for money from the state's
Affordable Housing Trust Fund.
Council members said they hope the money could be used to reduce the cost of
units in Riverwalk Condominiums, a new development at 3401 Wellington Ct. The
units start at $180,000, representatives said.
The affordable-housing initiative would target people whose annual income is
below 80 percent of the average median income in the area, or below $51,000 for
a family of four.
Rolling Meadows officials want 20 percent of the city's housing to be
designated affordable--twice the state requirement.