Ordinance O2025-0015992
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Neighborhood opportunity fund redevelopment agreement with MAAFA Redemption Project Inc. for conversion of interior of church at 4241 W Washington Blvd to MAAFA Center for Arts and Activism
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Chicago's ordinance, under Illinois' Constitution, establishes the Neighborhood Opportunity Fund (NOF) for growth in qualified investment areas identified by the Planning and Development Commissioner. The Department assesses NOF grant eligibility, approved by the City Council for redevelopment agreements. The ordinance, authorized by home rule powers, allows the Corporation Counsel to negotiate grant terms and the Authorized Officer to disburse the grant, boosting commercial, cultural establishments, and small business incubation.
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Additional Documents
- O2025-0015992 EDS.pdf
- O2025-0015992 Exhibit A - Neighborhood Opportunity Fund Redevelopment Agreement.pdf
- O2025-0015992 Transmittal Letter.pdf