Cook County Assessor joined a gaggle of Democratic state lawmakers on Monday for a virtual event touting the launch of the new Affordable Housing Property Tax Relief Program.

Cook County Assessor Fritz Kaegi gathered state lawmakers on Monday to cut the ribbon on applications for a new “tiered” assessment system designed to incentivize the construction of affordable housing. 

Officials are posing the new program as a win-win for developers and housing advocates. But only time will tell whether the new system meaningfully grows the state’s stock of affordable homes, according to voices on both sides of the issue.