Ordinance O2024-0009659
Passed
Designation of Alloy Real Property at 2031-2033 N Kingsbury St and Annexation Real Property at 2032 Clybourn Ave as low-affordability community
Auto-generated summary
The Alloy and Annexation buildings, contributing to affordable housing in the Lincoln Park Community Area, will be located at 2031-2033 North Kingsbury Street and 2032 North Clybourn Avenue, respectively. The City Council of Chicago has officially recognized these properties as part of a 'Low Affordability Community', making them eligible for reduced property assessments under Section 15-178, provided they maintain a minimum of 20% affordable units for 30 years.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Hopkins, BrianPrimary Sponsor | Ward 2 |