Committee on Housing and Real Estate meeting summary
At a glance
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Committee approved numerous city property sales and leases, passed two low-affordability community designations, and held a proposed amendment on Low Income Housing Tax Credit allocation requirements.
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What this means
The committee approved sales and leases for many city-owned properties (some sold for nominal $1 under the ChiBlockBuilder platform, others at market rates), including a $19.2 million purchase agreement for 630 W Harrison St and a $2.75 million sale at 4512 S Halsted St. Two addresses were designated as Low-Affordability Communities, a classification that may affect how those sites are treated for future housing programs and development. A proposed change to rules for Low Income Housing Tax Credit allocation plans was held in committee, so no change to that policy was made at this meeting.
Key decisions
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- Held in committee: proposed amendment to Municipal Code Chapter 2-44 to add Section 2-44-170 regarding requirements for Low Income Housing Tax Credit Qualified Allocation plans (introduced by Alderman Martin).
- Passed: designation of 3611–3625 N Halsted St as a Low-Affordability Community (46th Ward).
- Passed: designation of 3231 N California Ave / 2752–2762 W Melrose St as a Low-Affordability Community (35th Ward).
- Passed: purchase and sale agreement with GH Chicago IL LLC for 630 W Harrison St (34th Ward) — Purchase Price $19.2 million.
- Passed: assignment/assumption and amendment of leases with North Park Village Campus for 5801 N Pulaski Rd (Senate and Prete Apartments) (39th Ward).
- Passed: lease agreement with Logan Square Preservation for 2420 N Sacramento Ave (35th Ward).
- Passed: multiple sales of City-owned properties under the ChiBlockBuilder platform (various wards), including several $1-per-lot transfers and several market-rate sales (detailed list of addresses and prices in the official report).
- Passed: direct introduction amending ordinance O2018-9027 to correct parcel and clerical errors (25th Ward).
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Meeting information
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Committee on Housing and Real Estate
Written public comment deadline: June 9, 2026, 5:00 P.M.
Agenda
Agenda items not available.
Documents from this meeting
- Summaryhttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/89c586c2-3994-4c77-b515-7d86d993d732.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/5b43ad20-c976-46f1-9acc-6e310ce29f6e.pdf
- Agendahttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/8705f61f-43a2-4737-b337-7c606177173d.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/f901cba4-52ad-498e-adfb-20768e5d22f8.pdf
- Noticehttps://occprodstoragev1.blob.core.usgovcloudapi.net/meetingattachmentspublic/004c0fe0-c97d-424a-af8a-5bbcb4af84e3.pdf
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