Ordinance O2024-0009600
Passed
Issuance of tax-exempt multi-family housing revenue bonds to HPUMC Redevelopment Limited Partnership for low-income rental housing project at 2120 N Mozart St
Auto-generated summary
The City of Chicago plans to issue $10,000,000 in bonds to finance a 22-unit low-income housing project by the HPUMC Redevelopment Limited Partnership. The bond proceeds, tax-exempt under Treasury Regulations, will finance the project and reimburse eligible costs. The City Council must agree to the terms and conditions of the ordinance, which aligns with the city's budgetary and financial circumstances.
