City of Chicago Committee on Finance Meeting Summary April 15 2026
Lathrop housing bonds and TIF assistance approved
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Description
Finance Committee approved a substitute ordinance authorizing up to $40,000,000 in TIF assistance and up to $100,000,000 in Multi-Family Housing Revenue Bonds for Lathrop Preservation IC, LP. The funding supports the Lathrop housing redevelopment and structural rehabilitation in the 32nd Ward.
Contract Details
Contract Amount
Amount not to exceed: $40,000,000 TIF; Amount not to exceed: $100,000,000 Multi-Family Revenue Bonds
Vendor
LATHROP PRESERVATION IC LP
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
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