City Council passed the 606-Pilsen Demolition Permit Surcharge Ordinance which places a surcharge on permits for the demolition of buildings with residential units in the area surrounding the Bloomingdale Trail (The 606) and Pilsen Pilot areas. This ordinance follows the Anti-Deconversion Ordinances for the same areas passed by City Council during the January 2021 meeting and together are designed to reduce displacement of low- to moderate-income residents while also maintaining the existing character and housing stock, specifically in two- to eight-unit buildings that often provide naturally occurring affordable housing units. The ordinance places a $15,000 or $5,000 charge per residential unit, whichever is greater. Funds will support the Chicago Community Land Trust (CCLT), which provides working individuals and families with opportunities to purchase homes at affordable prices. In January, the Anti-Deconversion Ordinances were passed with a 60-day extension to The 606-area demolition moratorium in order to allow time for passage of the demolition surcharge ordinance. The 606-Pilsen demolition surcharge ordinance will go into effect on April 1, 2021, following the end of the moratorium extension.