City of Chicago Committee on Finance Agenda April 2026
Lathrop Preservation IC LP slated for $140M housing financing
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Description
The City Council Finance Committee agenda includes an ordinance to authorize up to $40 million in TIF assistance and up to $100 million in Multi-Family Housing Revenue Bonds for Lathrop Preservation IC, LP. The financing would support the Lathrop housing redevelopment and related structural rehabilitation in the 32nd Ward.
Contract Details
Contract Amount
Not to exceed $40,000,000 TIF; 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 12, 2026
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