Tax Increment Allocation Redevelopment

City of Chicago — Committee on Finance meeting summary (May 18, 2026)

Committee approved monthly Rule 45 reports, an amendment to the Voluntary Charitable Payroll Deductions Program, two Multi‑Family program issuances for 3959 N. Lincoln Avenue, multiple TIF and redevelopment agreements (including a $5,000,000 intergovernmental TIF for Irvin C. Mollison Elementary School), amendments and designations for the Canal/Congress TIF expanded area, and three settlement orders totaling $18,750,000. Reports of April 2026 verdicts/judgments/settlements were transmitted.