ARO ALTERNATIVES

ARO ALTERNATIVES was created to provide Chicago's residential development community with responsible and affordable alternatives to their mandated obligations under the City of Chicago's recently enacted Affordable Requirements Ordinance - otherwise known as ARO. Simply put, ARO is a set-aside program which requires most new residential developments to designate 10% of on-site project units as "affordable", substitute off-site units, or pay "in-lieu" fees of up to $225,000... ARO ALTERNATIVES is prepared to re-purpose a developer's in-lieu funding obligation to instead create off-site ARO compliant housing which not only meets City requirements but also returns a large portion of that investment to the developer. ARO ALTERNATIVES works with responsible, experienced and committed partners: builders, buyers, sellers, and or operators. Together, we create affordable, ARO compliant, housing which the developers can live with and which Chicago's lower income families can live in.

Also known as: ARO Alternatives, LLC

Primary location: Winnetka United States