# Issuance of financial assistance to 208 LaSalle Affordable L.P. and 208 LaSalle Market Landlord LLC for acquisition, construction, rehabilitation and equipping of affordable and market rate housing projects at 208 S LaSalle St - Record number: **O2025-0016003** - Type: Ordinance; category: Agreements - Status: Final - Sponsor: Johnson, Brandon - Committee: Committee on Finance - Introduced: Mar 12, 2025 - Final action: Apr 16, 2025 - Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=4FC06491-50FF-EF11-9340-001DD804D44E) ## Roll call: Passed Apr 16, 2025 **49 yea, 1 nay.** This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the [City Council meeting of Apr 16, 2025](https://www.chicagopolitics.org/meeting/4EFC9FEC-47D4-EF11-8EEA-001DD804C7AB). **Nay (1)**: [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (15) **Yea (46)**: [Daniel La Spata](https://www.chicagopolitics.org/ward/1) (1), [Brian Hopkins](https://www.chicagopolitics.org/ward/2) (2), [Pat Dowell](https://www.chicagopolitics.org/ward/3) (3), [Lamont J. Robinson](https://www.chicagopolitics.org/ward/4) (4), [Desmon C. Yancy](https://www.chicagopolitics.org/ward/5) (5), [William E. Hall](https://www.chicagopolitics.org/ward/6) (6), [Gregory I. Mitchell](https://www.chicagopolitics.org/ward/7) (7), [Michelle A. Harris](https://www.chicagopolitics.org/ward/8) (8), [Anthony Beale](https://www.chicagopolitics.org/ward/9) (9), [Peter Chico](https://www.chicagopolitics.org/ward/10) (10), [Nicole T. Lee](https://www.chicagopolitics.org/ward/11) (11), [Julia M. Ramirez](https://www.chicagopolitics.org/ward/12) (12), [Marty Quinn](https://www.chicagopolitics.org/ward/13) (13), [Stephanie D. Coleman](https://www.chicagopolitics.org/ward/16) (16), [David H. Moore](https://www.chicagopolitics.org/ward/17) (17), [Derrick G. Curtis](https://www.chicagopolitics.org/ward/18) (18), [Matthew J. O'Shea](https://www.chicagopolitics.org/ward/19) (19), [Jeanette B. Taylor](https://www.chicagopolitics.org/ward/20) (20), [Ronnie L. Mosley](https://www.chicagopolitics.org/ward/21) (21), [Michael D. Rodriguez](https://www.chicagopolitics.org/ward/22) (22), [Silvana Tabares](https://www.chicagopolitics.org/ward/23) (23), [Monique L. Scott](https://www.chicagopolitics.org/ward/24) (24), [Jessica L. Fuentes](https://www.chicagopolitics.org/ward/26) (26), [Walter R. Burnett](https://www.chicagopolitics.org/ward/27) (27), [Jason C. Ervin](https://www.chicagopolitics.org/ward/28) (28), [Chris Taliaferro](https://www.chicagopolitics.org/ward/29) (29), [Ruth Cruz](https://www.chicagopolitics.org/ward/30) (30), [Felix Cardona Jr.](https://www.chicagopolitics.org/ward/31) (31), [Scott Waguespack](https://www.chicagopolitics.org/ward/32) (32), [William Conway](https://www.chicagopolitics.org/ward/34) (34), [Anthony J. Quezada](https://www.chicagopolitics.org/ward/35) (35), [Gilbert Villegas](https://www.chicagopolitics.org/ward/36) (36), [Emma Mitts](https://www.chicagopolitics.org/ward/37) (37), [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (38), [Samantha Nugent](https://www.chicagopolitics.org/ward/39) (39), [Andre Vasquez Jr.](https://www.chicagopolitics.org/ward/40) (40), [Anthony V. Napolitano](https://www.chicagopolitics.org/ward/41) (41), [Brendan Reilly](https://www.chicagopolitics.org/ward/42) (42), [Timothy R. Knudsen](https://www.chicagopolitics.org/ward/43) (43), [Bennett R. Lawson](https://www.chicagopolitics.org/ward/44) (44), [James M. Gardiner](https://www.chicagopolitics.org/ward/45) (45), [Angela Clay](https://www.chicagopolitics.org/ward/46) (46), [Matthew J. Martin](https://www.chicagopolitics.org/ward/47) (47), [Leni Manaa-Hoppenworth](https://www.chicagopolitics.org/ward/48) (48), [Maria E. Hadden](https://www.chicagopolitics.org/ward/49) (49), [Debra L. Silverstein](https://www.chicagopolitics.org/ward/50) (50) Former members who voted: Jeylu B. Gutierrez (Yea), Byron Sigcho-Lopez (Yea), Rossana Rodriguez Sanchez (Yea) ## Plain-language summary > Written by AI (language model) from the ordinance text only. AI can make mistakes; the official document always wins. ## Timeline - Mar 12, 2025: Referred, City Council - Apr 14, 2025: Recommended to Pass, Committee on Finance - Apr 16, 2025: Passed, City Council - Apr 16, 2025: Signed by Mayor, City Council ## Documents - [O2025-0016003 Exhibit C - Loan Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/dce096ed-b006-4f10-8572-22dd66f56e8e.pdf) (Exhibits) - [O2025-0016003 Exhibit E - Redevelopment Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/709d173e-8342-4e0f-9e4c-c243c01e8078.pdf) (Exhibits) - [O2025-0016003 EDS.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5076f19a-e83e-49db-9341-4cebd95198cc.pdf) (EDS) - [O2025-0016003.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/dd19e6d3-466d-4806-bb12-5cffaa37b0ea.pdf) (Legislation) - [O2025-0016003 Exhibit B - Bond Indenture.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f5cbfa07-2f9c-406b-bf24-e0da1b206ebb.pdf) (Exhibits) - [O2025-0016003 Transmittal Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/35562640-53ea-46e7-8137-bfe579c41116.pdf) (Miscellaneous) - [O2025-0016003 Exhibit A-1 - Affordable Project.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/12b72b1e-2855-4936-a854-a50f8d321839.pdf) (Exhibits) - [O2025-0016003 Exhibit D - Land Use Restriction Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ff0b0fc8-255b-4dae-9e6a-71888cb6ad28.pdf) (Exhibits) - [O2025-0016003 Exhibit F - Project Site.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7ca95440-0aaa-45e1-aeb5-9a7288cd7559.pdf) (Exhibits) - [O2025-0016003 Exhibit A-2 - Market Rate Project.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f72e6aa6-dc62-429d-8235-a48f632c241f.pdf) (Exhibits) - [O2025-0016003 Committee Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/164aefa0-0d38-4a62-bd4a-bf20b0f06557.pdf) (Committee Letter) - [SO2025-0016003 Signed By Mayor\_0840.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/151c80e1-8ebe-4910-b9c9-b68a13ec5420.pdf) (Legislation) --- Source: https://www.chicagopolitics.org/matter/4FC06491-50FF-EF11-9340-001DD804D44E ยท Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. 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