Chicago Committee on Housing and Real Estate Approves Multiple Housing and Property Transactions on January 17, 2024
At a glance
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The Committee approved financial assistance and property transactions including multi-family loans, property sales, easement agreements, and redevelopment projects across various wards in Chicago.
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Key decisions
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- Approved multi-family loan to Duo Development Corporation for acquisition of three buildings under the Preservation of Existing Affordable Rentals Program (31st and 33rd Wards).
- Approved financial assistance and loan restructuring to Brainerd Senior Preservation LP for acquisition and rehabilitation of a building at 8901-8925 S Loomis St. (21st Ward).
- Designated 1868-1878 N Milwaukee Ave as a Low-Affordability Community (32nd Ward).
- Approved public way easement agreement with 3305 Lawndale Dev LLC for drainage swale maintenance on City property at 3300 S Kedzie Ave. (22nd Ward).
- Approved intergovernmental agreement with Chicago Housing Authority for accessibility home modification program.
- Approved sale of City-owned properties at 4337 S Lake Park Ave, 3435 W 23rd St, and 3109 E 92nd St (4th, 22nd, and 10th Wards).
- Approved sale of City-owned properties in multiple wards under the ChiBlockBuilder land sale program.
- Approved negotiated sale of City-owned property at 1946 and 1948 W 63rd St to Reynoso Insulation LLC for redevelopment as open space and parking (16th Ward) for $42,000.
- Approved negotiated sale of City-owned property at 2151 W Adams St to Sustainabuild LLC for construction of a 3-story multifamily building (27th Ward) for $80,000.
- Approved negotiated sale with redevelopment agreement to Milhouse Development, LLC for multiple properties on S Cottage Grove Ave to construct a 3-story building with food hall and commercial space (4th Ward) for $1,370,000.
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Meeting information
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Committee on Housing and Real Estate
Written public comment deadline January 16, 2024, 5:00 PM
Agenda
Agenda items not available.
Documents from this meeting
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/91f3af73-71f2-4fb8-a591-9ced75341558.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/b7cfecc8-58b3-44ba-92be-29f6b7464572.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/127d4a5c-0156-49fe-8a38-82efe9a8c700.pdf
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