Ordinance O2024-0007337 Passed

Non-Routine Unclassified


Restructuring of loan agreement with Erie Cooperative Limited Partnership for rehabilitation of properties in vicinity of W Huron St and N Kedzie Ave

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Chicago's Department of Housing approved a loan restructuring for Erie Cooperative Limited Partnership and a new loan, 'New City Financing'. The Commissioner of Housing is authorized to implement these changes. The ordinance also waives the requirement for an 'Economic Disclosure Statement and Affidavit' from parties involved in the restructuring. The project qualifies as 'Affordable Housing' under Chapter 16-18 of the Municipal Code.

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Sponsor Ward
Johnson, Brandon
Johnson, BrandonPrimary Sponsor

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