Committee on Housing and Real Estate
TL;DR
The Housing and Real Estate Committee approved several ordinances related to housing development and city property sales in Chicago. These actions support affordable housing projects, property rehabilitation, and potential economic development, including a film studio project.
Key Decisions
- Multi-Family Housing Loan Amendment for Lawndale Christian Development Recommended to Pass
- Sale of Vacant City-Owned Property to Breakthrough Urban Ministries Recommended to Pass
- Sale of Vacant City-Owned Properties for Film Studio Redevelopment Recommended to Pass
- Amendment to Hotel Julian Lease Agreement Recommended to Pass
- Affordable Housing Loan Agreement Amendment Recommended to Pass
Agenda
- Attendance
- 1 Amendment of loan amount of Multi-Family Program Funds to replacement borrower, Lazarus Renewal II LLC, Lawndale Christian Development Corporation for rehabilitation housing project at 1857-1867 S Pulaski RdOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 2 Amendment to multi-family loan agreement with 43rd and Calumet Phase I, LP for affordable housingOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 3 Second Amendment to Group Room Block Sales Lease Agreement with OQ 168 NM Propco LLC relating to Hotel Julian at 168 N Michigan AveOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 4 Sale of vacant City-owned property at 3346-3348 W Carroll Ave to Breakthrough Urban Ministries, Inc.OrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 5 Sale of vacant City-owned property at 6333 S Champlain Ave to Mark RichmondOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.
- 6 Sale of vacant City-owned property at 1433-1443 E 77th St, 7700 S Blackstone Ave, and 7708 S Blackstone Ave to Regal Mile Ventures LLC for redevelopment as film studioOrdinanceAction: Recommended to Pass
The Ordinance was Recommended to Pass.