Residents of condo buildings including the Lake Terrace complex at 7337 S. Lake Shore Drive would be able to apply for grants or loans to renovate their homes under the South Shore Condo Preservation Pilot Program. [Eric Allix Rogers on Flickr]

South Shore condo associations will be allowed to apply for city-backed grants for maintenance and repairs under an ordinance under consideration Tuesday that aims to protect longtime homeowners from displacement in the South Side neighborhood.

The proposal (O2022-2004) by Mayor Lori Lightfoot on behalf of the Chicago Department of Housing is one of more than a dozen ordinances set for consideration by the City Council Committee on Housing and Real Estate during its 10 a.m. meeting on Tuesday, including city financing for a new woman-centered supportive housing development in Uptown.