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Chicago To Unveil Incentives for Converting Offices to Affordable Housing

Mayor Lori Lightfoot’s Plan Could Become Model for Pandemic-Battered Central Business Districts Across US
The so-called canyon of office towers on LaSalle Street ends at the Chicago Board of Trade Building on the south end. (Gian Lorenzo Ferretti/CoStar)
The so-called canyon of office towers on LaSalle Street ends at the Chicago Board of Trade Building on the south end. (Gian Lorenzo Ferretti/CoStar)
CoStar News
September 21, 2022 | 9:37 P.M.

As Google prepares to bring thousands of employees into the Loop business district, Chicago Mayor Lori Lightfoot is set to announce a financial incentives program designed to encourage the conversion of older office buildings on LaSalle Street to apartments — including large blocks of affordable units.

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