Ordinance O2024-0009577
Passed
Issuance of tax-exempt multi-family housing revenue bonds to 208 LaSalle Owner LLC for rental housing project at 208 S LaSalle St
Auto-generated summary
Chicago's ordinance involves 208 LaSalle Owner, LLC's 226-unit project at 208 South LaSalle Street, with 68 affordable rentals, addressing a housing shortage. The City Council may issue $70,500,000 in tax-exempt bonds to finance Eligible Project Costs, reimbursing the developer with Bond Proceeds, under Treasury Regulations.
