Chicago Joint Committee Passes Green Social Housing Ordinance
At a glance
Quick context to catch up fast.
On May 7, 2025, Chicago's Joint Committee on Finance and Housing & Real Estate approved an amendment to the Municipal Code establishing a nonprofit residential investment corporation to develop permanently affordable, mixed-income, and environmentally sustainable housing.
Committees mentioned
Open the committee coverage hubs tied to this summary.
Topics discussed
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
Key decisions
Follow the major takeaways from this briefing.
- Passed amendment to Municipal Code Chapter 2-44 adding Section 2-44-170 to create a not-for-profit residential investment corporation.
- Established the 'Green Social Housing' ordinance to finance, acquire, own, and operate affordable, mixed-income, and green housing.
- Authorized oversight of a $135 million loan fund to develop approximately 1,200 affordable apartments annually.
Timeline & follow-ups
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Meeting information
Details and records from this meeting.
Joint Committee: Finance; Housing and Real Estate
Public comment deadline May 6, 2025 10:00 AM Second Substitute O2025-0015560, as amended, and submitted April 29, now appears on eLMS with new Municipal Code reference, 2nd SO2025-0015560 as an amended enabling ordinance, as a separate Exhibit A - By-Laws and as a new eLMS digital cover sheet under Miscellaneous. Apr 29, 2025 15:55 PM MHRC
Agenda
Agenda items not available.
Documents from this meeting
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/02459e86-546a-4693-8eb4-cadc4b4dc496.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/ea1ea01a-4185-46e7-ba8c-ef8b1d07371b.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/8eff5116-3062-438d-ac9f-7af3f4b277a2.pdf
Recent documents
Fresh records from this municipality.
Civic leadership
Know who to contact about the decisions that matter.