JTA Development

Chicago Committee on Finance Approves TIF Allocations, Housing Bonds, and Settlement Orders

The Committee on Finance approved 18 items including tax increment financing (TIF) allocations totaling approximately $5.2 million for park improvements across three districts, multi-family housing revenue bonds exceeding $81 million, a redevelopment agreement amendment, and nine settlement orders in litigation cases totaling approximately $44.79 million. The committee also considered resolutions regarding public pension debt re-amortization and police misconduct prevention.