Ordinance SO2024-0013661 Passed

Non-Routine Unclassified


Issuance of multi-family program funds and other financial assistance to Casa Yucatan LP for affordable housing development project at 2134-2136 S Ashland Ave (9 percent owner)

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The City of Chicago is addressing its affordable rental housing shortage by using Multi-Family Program Funds and $1,250,000,000 in general obligation bonds to support the 9% Project. This project, led by Casa Yucatan LP and The Resurrection Project, will develop a building at 1609 West 21st Place, Chicago, providing 70 affordable rental units. The Department of Housing Commissioner has approved a loan not to exceed $2,425,192 for this project.

Alternate identifiers: O2024-0013661

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