Committee on Housing and Real Estate
virtual meeting - recessed to reconvene july 20, 2021 at 4:00 pm
Committee on Housing and Real Estate
Wed 7/14/2021
10:00 a.m.
Chicago, Illinois
Agenda
- Attendance
- Rule 45 Report for June 2021
- Loan restructuring agreement to refinance Home Funds program loan with Kedzie Partners LP, Kedzie Senior Partners GP LLC, and Kedzie Investors LLC for senior housing at 4045 N Kedzie Ave
- Loan restructuring agreement to refinance Home Funds program loan with Eastgate Village Partners LP, Eastgate Village Senior Corporation, Eastgate Village Investors LLC and G&A Construction & Development, Inc., for senior housing at 300 E 26th St
- Sale of City-owned properties at 600 N Central Park Ave, 636 N Trumbull Ave, 643 N Trumbull Ave, 639 N Trumbull Ave, 637 N Trumbull Ave, 3401 W Fulton Blvd, 428 N Troy St, 625 N Christiana Ave, and 640 N Trumbull Ave to and redevelopment agreement with Nath Construction LLC under City Lots for Working Families Program
- Acquisition of various parcels within Avalon/South Shore Redevelopment Project Area at intersection of East 79th Street and South Exchange Ave
- Acquisition of vacant property at 3625 W Chicago Avenue within Chicago/Central Park Redevelopment Project Area
- Acquisition of former Pioneer Bank site at 4000-4006 W North Ave, 4008 W North Ave, and various vacant parcels in 1600 block of N Pulaski Rd and provision of Tax Increment Financing (TIF) assistance for mixed-use development
- Negotiated sale of City-owned property at 1201-1205 W 63rd St to Inner-City Muslim Action Network with associated escrow remediation agreement
- Sale of vacant City-owned property at 5136-5152 S Carpenter St and 5156-5158 S Carpenter St to NeighborSpace for expansion of Stockyards Community Garden
- Negotiated sale of portion of City-owned property known as former Michael Reese Hospital campus to GRIT Chicago LLC for Bronzeville Lakefront mixed-use project
- Intergovernmental agreement with Chicago Park District regarding City's reacquisition of portion of Durkin Park, 8445 S Kolin Ave, for Joliet water supply project improvements
- Lease agreement with All Things Through Christ Outreach Ministries of City-owned property at 6537 S Wood St for use as community garden
- Long-term ground lease agreement with associated easement for Boys & Girls Clubs of Chicago for portion of Joint Public Safety Training Academy campus at W Chicago Ave and N Kostner Ave
- Amendment of Municipal Code Title 5 by repealing existing Chapter 5-14 and creating new chapter to be known as "Keep Chicago Renting Ordinance"
- Amendment of ordinance on moratorium on tenant eviction notices for failure to pay rent due to COVID-19 impact
- Multi-family program loan to Casa Durango LP and Casa Durango GP LLC for acquisition of land of land for construction of affordable housing at 1850-1858 S Racine Ave and 2008-2012 S Ashland Ave
- Loan restructuring agreement to refinance Home Funds program loan with Roosevelt Tower - 1 LLC and East Lake/Roosevelt I LLC for senior housing at 3440 W Roosevelt Rd
- Restructuring of Home Funds loan to West Ridge Senior Partners LP and West Ridge Seniors Corporation for affordable senior rental housing at 6142 N California Ave
Attachments
Attendance: 18 Present, 1 Absent
| Name | Ward | Present | Absent | |
|---|---|---|---|---|
|
Austin, Carrie M. | Ward 34 | ||
|
Burnett, Jr., Walter | Ward 27 | ||
|
Cappleman, James | Ward 46 | ||
|
Dowell, Pat | Ward 3 | ||
|
Hadden, Maria E. | Ward 49 | ||
|
Harris, Michelle A. | Ward 8 | ||
|
King, Sophia D. | Ward 4 | ||
|
La Spata, Daniel | Ward 1 | ||
|
Lopez, Raymond A. | Ward 15 | ||
|
Maldonado, Roberto | Ward 26 | ||
|
Martin, Matthew J. | Ward 47 | ||
|
Mitchell, Gregory I. | Ward 7 | ||
|
Moore, David H. | Ward 17 | ||
|
Napolitano, Anthony V. | Ward 41 | ||
|
Osterman, Harry | Ward 48 | ||
|
Quinn, Marty | Ward 13 | ||
|
Rodriguez, Michael D. | Ward 22 | ||
|
Sigcho-Lopez, Byron | Ward 25 | ||
|
Waguespack, Scott | Ward 32 |