City of Chicago Committee on Finance Agenda April 2026
HUB32 project targeted for $24.5M in city assistance
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Description
The Finance Committee agenda proposes a substitute ordinance to provide HUB32, LLC with up to $24.5 million in combined multi-family and TIF financial assistance, along with acquisition of three City parcels. The funding would support development of the HUB32 project in the 28th Ward.
Contract Details
Contract Amount
Not to exceed $10,000,000 Multi-Family; not to exceed $14,500,000 TIF
Vendor
HUB32 LLC
Agency
City of Chicago, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 12, 2026
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