Ordinance O2024-0011091
Passed
Restructuring of November, 2003 subordinate City HOME Investments Partnership Program mortgage to extend maturity date of 2035 and secure new senior loan for Senior Suites Chicago West Humboldt Park LLC at 3656 W Huron St
Auto-generated summary
Chicago's Department of Housing loaned $4,881,002 to Senior Suites Chicago West Humbolt Park, LLC, funding a multi-unit residential facility at 3656 West Huron St. The 'City Loan', secured by the 'City Mortgage' and a 'Regulatory Agreement', and an 'Existing Senior Loan', are being restructured to allow a 'New Senior Loan'. The restructuring is approved by the Commissioner of Housing.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |