‘Bring Chicago Home’ proposal aims to boost funding for homeless services. But a similar measure in LA slowed real estate sales.
Critics worry “Bring Chicago Home” might encounter the same pitfalls Los Angeles has struggled with. They also fear raising any tax will sabotage recovery in the real estate market.
Earlier this year, Los Angeles hiked a transfer tax imposed on pricey real estate purchases, a move designed to generate revenue to fund homeless services.
The measure, which hits both commercial an…