Bring Chicago Home is a grassroots movement of Chicagoans committed to combating homelessness through an affordable, responsible and popular plan.
A one-time tax that would affect less than 5.2% of all properties sold every year—and only those worth $1 million or more.
A 1.2 percentage point increase to the real estate transfer tax (RETT)—a one-time tax paid when a property is sold.
On transactions more than $1 million, impacting 3.6% of residential transactions and 5.2% of all transactions.
To generate an estimated $100-150m annually, legally dedicated to programs that systematically alleviate homelessness and provide affordable housing.
Two-thirds of likely city voters have expressed support for our solution.
We’re just three steps from making it a reality.
City Council must vote to include a question on the ballot of an upcoming election asking voters for permission to raise the one-time real estate transfer tax on sales of properties worth more than $1 million.
With a majority yes vote, the proposal
can make its way to becoming a law.
With permission from the voters, the city can then pass an ordinance increasing the RETT, and legally securing an estimated $100-150 million annually to provide relief.