Ordinance O2024-0009595 Passed

Non-Routine Unclassified


Issuance of multi-family program funds loan to 1237 N California 9PCT HHDC LP for affordable housing development at 1237 N California Ave

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The City of Chicago, addressing an affordable housing shortage, will use Multi-Family Program Funds to loan up to $8,706,747 to 1237 N. California 9PCT HHDC, LP. The DOH Commissioner and an Authorized Officer will execute this, deemed 'Affordable Housing' under the Municipal Code of Chicago, to increase access to decent, safe, sanitary housing, enhancing the city's welfare.

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