# Designation of 1229 W Cortland St/1300-1422 and 1301-1511 W Cortland St/1940-2076 N Kingsbury St/2046-2068 and 2041-2047 N Southport Ave/1401-1443 W Dickens Ave/2084-2166 N Dominick St/1736-2082 and 1739-2077 N Throop St/1400-1440 and 1401-1433 W Armitage Ave/1503-1523 W Webster Ave/1801-1853 N Elston Ave as Low-Affordability Community

Clerk's short name: Foundry Park

- Record number: **O2026-0023450**
- Type: Ordinance; category: Property
- Status: Final
- Sponsor: [Scott Waguespack](https://www.chicagopolitics.org/ward/32) (32nd Ward)
- Committee: [Committee on Housing and Real Estate](https://www.chicagopolitics.org/committee/housing-and-real-estate)
- Submitted Date: Feb 24, 2026
- Introduction Date: Mar 18, 2026
- Final Action Date: Apr 15, 2026
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=74E568EE-D811-F111-8406-001DD80AE07E)

## Impact report

> Written by AI from [the official document](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7363ed60-13cb-4742-98a2-a7a863965e92.pdf). AI can make mistakes; the official document always wins.

This ordinance would label the Foundry Park property in Lincoln Park a "Low-Affordability Community" so developers who build or fix up affordable rental housing there can get a lower property assessment from the Cook County Assessor.

**Who it affects**

- **Foundry Park Properties KP7, LLC and other residential developers on the site**: Developers of residential buildings on the property could use the state Special Assessment Program, which lowers assessed value for new or rehabbed affordable rental housing.
- **Lincoln Park Community Area residents**: The city says the goal is to promote more affordable housing in Lincoln Park, where a 2019 study found only 8 percent of rental units were legally restricted affordable.
- **People looking for affordable rental housing**: The ordinance aims to encourage affordable rental units within a planned development that allows up to 3,337 homes.
- **Cook County Assessor's Office**: It would receive a certified copy of the ordinance and runs the Special Assessment Program for these parcels.
- **32nd Ward**: The ordinance is sponsored by the 32nd Ward alderman and covers land in the Lincoln Park Community Area.

**What changes**

- The Foundry Park property and its tax parcel numbers (including future successor numbers) would be officially designated a Low-Affordability Community.
- Developers building affordable rental housing on the site could apply for lower property assessments.
- The City Clerk would send a certified copy of the ordinance to the Cook County Assessor's Office.
- The designation applies to land in a planned development that allows up to 3,337 dwelling units.

**Money**

- Property owners who build new or rehabbed affordable rental housing on these parcels could get a reduction in assessed value under the state Special Assessment Program; no dollar amount is stated.

**Where**: Lincoln Park Community Area; 32nd Ward; West Cortland Street (1229, 1300-1422 & 1301-1511); North Kingsbury Street (1940-2076); North Southport Avenue (2046-2068 & 2041-2047); West Dickens Avenue (1401-1443) and North Dominick Street (2084-2166); North Throop Street (1736-2082 & 1739-2077) and West Armitage Avenue (1400-1440 & 1401-1433); West Webster Avenue (1503-1523) and North Elston Avenue (1801-1853)

**When**: Immediately upon passage and approval

## Lobbying and money

> Computed links; money near a vote is not evidence that it influenced the vote.

**Who lobbied on it**

- Jdl Development LLC: APPROVAL OF FOUNDRY PARK REDEVELOPMENT AGREEMENT (1 filing, Jul 1, 2026 to Sep 30, 2026; Andrew Scott; matched by semantic tfidf)
- Jdl Development LLC: APPROVAL OF TIF ASSISTANCE FOR FOUNDRY PARK (1 filing, Jan 1, 2026 to Mar 31, 2026; Andrew Scott; matched by semantic tfidf)
- Jdl Development LLC: APPROVAL OF A PLANNED DEVELOPMENT FOR FOUNDRY PARK (1 filing, Jan 1, 2026 to Mar 31, 2026; Andrew Scott; matched by semantic tfidf)
- Unitehere Local 1: RESPONSIBLE AT THE 78 AND FOUNDRY PARK (1 filing, Jul 1, 2026 to Sep 30, 2026; Lou Weeks; matched by semantic tfidf)
- Jdl Development LLC: NEGOTIATION OF FOUNDRY PARK REDEVELOPMENT AGREEMENT (2 filings, Apr 1, 2026 to Jun 30, 2026; Andrew Scott; matched by semantic tfidf)
- Unitehere Local 1: RESPONSIBLE DEVELOPMENT AT 1901 PROJECT AND FOUNDRY PARK (1 filing, Apr 1, 2026 to Jun 30, 2026; Lou Weeks; matched by semantic tfidf)

**Alderpersons who received money from these interests**

| Member | Amount | From |
| --- | --- | --- |
| [Brian Hopkins](https://www.chicagopolitics.org/ward/2) | $7,300 | Jdl Development LLC (employees) |
| [Timothy R. Knudsen](https://www.chicagopolitics.org/ward/43) | $1,500 | Jdl Development LLC (employees) |

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Source: https://www.chicagopolitics.org/matter/74E568EE-D811-F111-8406-001DD80AE07E · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt