Ordinance O2025-0015982
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Continuance of Single Room Occupancy (SRO) Loan Fund and continued grant agreement with Community Investment Corporation
Auto-generated summary
Chicago's DOH and CIC preserve affordable SROs using City Funds, including proceeds from CRP and HED Bonds. The SRO Preservation Fund and the City Pass-Through Grant Reserve, funded by grants to CIC, support this initiative. The Commissioner of Housing is authorized to execute agreements and disburse Grant funds to CIC, subject to terms detailed in Exhibit A of the ordinance.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
| Date | Legislative body | Action |
|---|---|---|
| Date 2025-03-12 | Legislative body Chicago City Council | Action Referred |
| Date 2025-03-12 | Legislative body Chicago City Council | Action Introduced |
Legislation text
Additional Documents
- O2025-0015982 EDS.pdf
- O2025-0015982 Exhibit A - Affordability Terms.pdf
- O2025-0015982 Transmittal Letter.pdf