Committee on Finance approves housing financing, TIF/CubFund park allocations, settlements, and tag-day permits (Nov 10, 2025)
At a glance
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At its November 10, 2025 meeting the City of Chicago Committee on Finance approved the October 2025 Rule 45 report and passed ordinances and orders including: issuance of up to $14,000,000 in tax-exempt multifamily revenue bonds for Martha Washington Apartments; amendments and grant agreements supporting affordable housing (including a CLIHTF RHSP agreement); multiple intergovernmental agreements with the Chicago Park District allocating CubFund and TIF funds for park improvements (amounts ranging from $500,000 to $12,000,000, and an $11,850,000 Division/Homan allocation); a TIF loan for a 100-key Pullman hotel ($2,863,821); three settlement orders totaling $18,250,000 ($500,000; $750,000; $17,000,000); actions on small claims; and two citywide charitable solicitation (tag day) permits for Planned Parenthood Federation of America and Worldwide Wildlife Foundation for 2026.
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Key decisions
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- Approved the October 2025 Monthly Rule 45 Report for the Committee on Finance.
- Authorized issuance of tax-exempt multi-family housing revenue bonds to The Martha HHDC LLC for Martha Washington Apartments (2324 W. Irving Park Road); amount not to exceed $14,000,000. (O2025-0020496)
- Authorized First Amendment to redevelopment agreement with Renaissance Apartments LP to adjust project completion date for 3745-3763 S. Wabash Avenue. (O2025-0020482)
- Authorized execution of a new grant agreement with the Chicago Low-Income Housing Trust Fund (CLIHTF) to provide Rental Housing Support Program (RHSP) assistance. (O2025-0020483)
- Amended Municipal Code §2-32-085 regarding the Employee Charitable Contribution Program. (O2025-0019930)
- Authorized intergovernmental agreement with Chicago Park District for CubFund improvements at Kelly (John) Park (3800 N. Seminary Avenue); amount not to exceed $500,000. (O2025-0020490)
- Authorized intergovernmental agreement with Chicago Park District for Clark/Montrose TIF funds for Chase Park (4701 N. Ashland Avenue); amount not to exceed $7,000,000. (O2025-0020487)
- Authorized intergovernmental agreement with Chicago Park District for Madden/Wells TIF funds for Ellis Park (3520 S. Cottage Grove Avenue); amount not to exceed $1,000,000. (O2025-0020488)
- Authorized intergovernmental agreement with Chicago Park District for Madison/Austin Corridor TIF funds for Madison Community Plaza (4008 W. Madison Avenue); amount not to exceed $500,000. (O2025-0020491)
- Passed substitute intergovernmental agreement with Chicago Park District for Englewood Neighborhood TIF funds for Ogden Park (6500 S. Racine Avenue); amount not to exceed $12,000,000. (SO2025-0020492)
- Authorized intergovernmental agreement with Chicago Park District for Division/Homan TIF funds for Humboldt Park (1440 N. Humboldt Boulevard); amount not to exceed $11,850,000. (O2025-0020489)
- Approved Amendment No. 1 to the Division/Homan Redevelopment Project Area TIF Redevelopment Plan and Project (Section V). (O2025-0020479)
- Authorized TIF redevelopment agreement with Pullman Hotel Group LLC for a 100-key hotel at 11040 S. Doty Avenue; amount not to exceed $2,863,821. (O2025-0020480)
- Authorized Corporation Counsel to enter into and execute three settlement orders: $500,000 (Mileidy Tejada Rivera & Helen Francisco v. City of Chicago, Case No. 2024 L 005851), $750,000 (Joseph O. Onasanya v. City of Chicago, Case No. 2023 L 2793), and $17,000,000 (Maysonet v. Guevara, et al., Case No. 18 CV 2342). (Or2025-0020785; Or2025-0020786; Or2025-0020787)
- Transmitted reports of cases with verdicts, judgments or settlements for October 2025. (F2025-0020861)
- Introduced proposed orders authorizing and denying payment of various small claims against the City of Chicago (direct introduction). (SOr2025-0020790; SCL2025-0020789)
- Authorized two proposed orders for Charitable Solicitation on the Public Way (tag day) permits for Planned Parenthood Federation of America and Worldwide Wildlife Foundation (citywide, Jan 1–Dec 31, 2026). (F2025-0020791; F2025-0020792)
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Meeting information
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Committee on Finance
Written Public Comment Deadline: November 7, 2025, 10:30 A.M.
Agenda
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Documents from this meeting
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/6a2ee015-5a86-4bef-ad6e-8f79a4cf1855.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/d1ba1ea8-d6ad-f011-bbd2-001dd80c620f.pdf
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/3cbce1c6-023b-4087-8363-7cf39002b88d.pdf
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