Ordinance SO2024-0011016 - Chicago Councilmatic

Amendment of Municipal Code Section 16-14 enlarging loan loss reserve funding arrangements for qualified financial institutions as an authorized use of Neighborhood Opportunity Fund, modifying thresholds for Group I and II Award Grants Program, redefining eligible costs thresholds, and setting aggregate funding limit and risk reserve protections funds as described at 16-14-060 (f)

Alternate identifiers: O2024-0011016

	Sponsor	Ward
	Johnson, BrandonPrimary Sponsor

History

Date

Legislative body

Action

Date 2024-09-18

Legislative body Chicago City Council

Action Passed

On motion of Alderperson Ervin, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

Votes for	Votes against	Other votes
Votes for Yes: 48 Beale, Anthony Cardona, Jr., Felix Chico, Peter Clay, Angela Coleman, Stephanie D. Conway, William Cruz, Ruth Curtis, Derrick G. Dowell, Pat Ervin, Jason C. Fuentes, Jessica L. Gardiner, James M. Gutierrez, Jeylu B. Hadden, Maria E. Hall, William E. Harris, Michelle A. Hopkins, Brian Knudsen, Timothy R. La Spata, Daniel Lawson, Bennett R. Lee, Nicole T. Lopez, Raymond A. Manaa-Hoppenworth, Leni Martin, Matthew J. Mitchell, Gregory I. Mitts, Emma Moore, David H. Mosley, Ronnie L. Napolitano, Anthony V. Nugent, Samantha O'Shea, Matthew J. Quinn, Marty Ramirez, Julia M. Ramirez-Rosa, Carlos Reilly, Brendan Robinson, Lamont J. Rodriguez Sanchez, Rossana Rodriguez, Michael D. Scott, Monique L. Sigcho-Lopez, Byron Silverstein, Debra L. Sposato, Nicholas Tabares, Silvana Taliaferro, Chris Vasquez, Jr., Andre Villegas, Gilbert Waguespack, Scott Yancy, Desmon C.	Votes against	Other votes Absent: 2 Absent: Burnett, Jr., Walter Absent: Taylor, Jeanette B.

Date 2024-09-05

Legislative body Committee on Budget and Government Operations

Action Recommended to Pass

Date 2024-09-05

Legislative body Chicago City Council

Action Substituted

Date 2024-07-17

Legislative body Chicago City Council

Action Referred

Date 2024-07-17

Legislative body Chicago City Council

Action Introduced

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Ordinance SO2024-0011016 Passed

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