The proposal called “Forever Chi” addresses the property tax crisis, which is leading to foreclosures and people leaving the city.
Chicago mayoral candidate Ja'Mal Green is laying out his tax relief proposal.The proposal called "Forever Chi" addresses the property tax crisis, which is leading to foreclosures and people leaving the city.
The plan includes two-year interest-free loans for people at risk of losing their homes, a city "Loyalty Tax Credit" for homeowners who stay in their homes for more than three years and eliminating the property tax escalator put in place by Mayor"We have thousands of vacant properties all throughout the city of Chicago, we want to incentivize folks to develop on them. We're gonna give them a 10-year tax break if you develop that property within a year.
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