"Chicago Mayor Johnson's Ambitious Plan to Repurpose Downtown Offices for Residential Use Gains Momentum"

Chicago voters rejected Mayor Brandon Johnson’s plan to raise the real estate transfer tax to combat homelessness, but developer Quintin Primo III unexpectedly voiced support for the $100 million-a-year tax increase, emphasizing the need to invest in solving the homelessness crisis. Despite the setback, Johnson remains committed to addressing the city's affordability crisis and homelessness through various housing initiatives, but has not outlined a clear plan for pursuing a dedicated revenue source.