City of Chicago Committee on Finance Meeting Summary April 15 2026
Financial package approved for HUB32 development
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Description
The Committee on Finance approved a substitute ordinance providing up to $10,000,000 in multi-family financial assistance and up to $14,500,000 in TIF funds to HUB32, LLC. The action supports the HUB32 development and City parcel acquisition on Kedzie and Lake in the 28th Ward.
Contract Details
Contract Amount
Amount not to exceed: $10,000,000 Multi-Family; Amount not to exceed: $14,500,000 TIF
Vendor
HUB32 LLC
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
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