Ordinance O2023-0001298
Passed
Amendment of ordinance which authorized redevelopment agreement with Imani Senior Village Phase I LLC for development of Imani Village at 9633 S Cottage Grove Ave
Auto-generated summary
On May 24, 2023, Chicago Mayor Brandon Johnson proposed an ordinance amendment to the City Council regarding the Imani Senior Village project. Managed by Imani Senior Village Phase 1 LLC, the project aims to create 70 affordable housing units at 9633 South Cottage Grove Avenue. The project, funded by a $4,100,000 loan with a 42-year term and 0% interest rate, is secured by a non-recourse mortgage under a redevelopment agreement.
Alternate identifiers: O2023-2037
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |