JUL 18, 2022
The “Evergreen Imagine” affordable housing complex in Auburn Gresham is in line for a city-backed loan. [Department of Planning and Development]
The City Council Committee on Finance is scheduled during its 10 a.m. meeting on Monday to pave the way for $82 million in new bonding authority for a handful of affordable housing developments around the city, including new apartment complexes in Invest South/West corridors in Englewood and Austin.
Also lined up for approval will be nearly $130 million in tax-increment financing disbursements, including $2 million for the renovation of the Ramova Theater in Bridgeport, $37.5 million for a gym annex at Dett Elementary School on the Near West Side and $12.4 million for a roof replacement at Whitney Young Magnet High School.
Finally, the committee is set to green-light more than $12 million in legal settlements, including a $6.75 million payout for a man who served 15 years in prison based on evidence he alleges was forged by Chicago police officers.
Meetings & Agendas