What is a Racial Equity Impact Assessment, Chicago United for Equity
The “Racial Equity Impact Assessment (REIA) on the Qualified Allocation Plan (QAP)” by the Chicago Department of Housing (DOH) represents a significant effort to address housing equity. This comprehensive assessment evaluates the distribution of Low-Income Housing Tax Credits (LIHTC) and their impact on diverse racial and ethnic communities. It provides a framework for understanding how housing policies and resource allocations affect communities of color, aiming to correct historical inequities in housing discrimination and displacement. The report includes analyses of current policies, proposed changes, and their expected outcomes on underrepresented communities. The REIA also emphasizes community involvement during the assessment process, ensuring that voices from various racial and ethnic communities are heard. The ultimate goal of this assessment is to foster more equitable and inclusive housing practices, ensuring affordable housing resources are accessible to the communities that need them the most.