Ordinance O2024-0013059
Passed
Issuance of tax-exempt housing revenue bonds for Lathrop Preservation Phase IC project
Auto-generated summary
Chicago's City Council and Lathrop Preservation Phase IC, LP partner on the 'Bond Project', a mixed-income rental development to alleviate the city's housing shortage. The project includes new construction, rehabilitation, and demolition of buildings, and rehabilitating a powerhouse at 2567 N. Hoyne Avenue. The city will issue tax-exempt multi-family housing revenue bonds, up to $100 million, to cover 'Eligible Bond Project Costs', funded by 'Bond Proceeds'.
