Ordinance O2024-0010980
Passed
Issuance of affordable housing loan and other financial assistance to and execution of redevelopment agreement with Legends A-3 LLC for leasehold acquisition of land and construction of two buildings generally located at 4520 S State St
Auto-generated summary
Chicago's DOH is using Multi-Family Program Funds to combat housing shortage, including a $2,983,269 loan to Legends A-3,LLC. This is part of a redevelopment plan for the 47"/State Area, approved under the Illinois Tax Increment Allocation Redevelopment Act. The plan also involves the CHA Community Support Corporation in developing property at 4520 South State Street, Chicago, to increase affordable housing.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- O2024-0010980 Committee Letter.pdf
- O2024-0010980 EDS.pdf
- O2024-0010980 Exhibit A - Financing.pdf
- O2024-0010980 Exhibit B - Redevelopment Agreement.pdf
- O2024-0010980 Mayoral Letter.pdf