Ordinance SO2024-0013660 Passed

Non-Routine Unclassified


Issuance of multi-family program funds and other financial assistance to Casa Yucatan 4% LP for affordable housing development project at 2134-2136 S Ashland Ave (4 percent owner)

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Chicago's Multi-Family Program Funds are allocated to the 9% Project, a development by Casa Yucatan LP and The Resurrection Project at 2134-2136 South Ashland Avenue. The project will create 98 affordable units, funded by a $1,250,000,000 bond from the 2024 Bond Ordinance and two DOH-administered loans of $13,411,450 and $9,622,794. The development complies with the Illinois Condominium Property Act.

Alternate identifiers: O2024-0013660

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