Housing costs ‘burden’ Oak Park and River Forest households

Zoning, immigrants deliver high housing costs

In a March speech at the National League of Cities annual conference being held in Washington, D.C., Vice President J.D. Vance criticized zoning regulations for driving up the costs of housing. “Another reason for the elevated [housing] costs comes down to zoning,” said Vance. Local governments could bring housing costs down by “being a little […] The post Zoning, immigrants deliver high housing costs appeared first on Yield PRO.

Housing costs ‘burden’ Oak Park and River Forest households

Many Oak Park and River Forest households are spending more than a third of their monthly income on housing costs.  Over 31% of Oak Park households and 35% of River Forest households are considered “cost-burdened” by their monthly housing expenses, meaning at least 30% of their monthly income goes directly to housing payments. Still, a slightly lower percentage of renters in Oak Park struggle to comfortably afford their rent than the average acr…