Chicago Politics

Amendment of Municipal Code Chapter 2-44 by adding new Section 2-44-170 establishing not-for-profit residential investment corporation with the City's participation in the financing structure, acquisition, ownership, and on-going operations of affordable, mixed-income, environmentally sustainable housing

Roll call: Passed May 7, 2025

30 yea, 18 nay, 2 absent. This was a divided vote. On motion of Alderperson Sigcho-Lopez, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of May 7, 2025.

Nay (18): Brian Hopkins (2), Pat Dowell (3), Anthony Beale (9), Peter Chico (10), Marty Quinn (13), Raymond A. Lopez (15), Stephanie D. Coleman (16), Derrick G. Curtis (18), Matthew J. O'Shea (19), Monique L. Scott (24), Felix Cardona Jr. (31), Scott Waguespack (32), William Conway (34), Nicholas Sposato (38), Anthony V. Napolitano (41), Brendan Reilly (42), James M. Gardiner (45), Debra L. Silverstein (50)

Yea (27): Daniel La Spata (1), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Nicole T. Lee (11), Julia M. Ramirez (12), David H. Moore (17), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Anthony J. Quezada (35), Emma Mitts (37), Samantha Nugent (39), Andre Vasquez Jr. (40), Timothy R. Knudsen (43), Bennett R. Lawson (44), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49)

Absent (2): Silvana Tabares (23), Gilbert Villegas (36)

Former members who voted: Jeylu B. Gutierrez (Yea), Byron Sigcho-Lopez (Yea), Rossana Rodriguez Sanchez (Yea)

Plain-language summary

Written by AI (@cf/openai/gpt-oss-120b) from the ordinance text only: SO2025-0015560 Second Substitute Enabling Ordinance.pdf. AI can make mistakes; the official document always wins.

Chicago is creating a new nonprofit corporation to develop and run mixed-income, environmentally sustainable housing that includes affordable and deeply affordable units. The city will help fund these projects, and residents will have a say in how the buildings are managed.

Money

Who: Chicago residents, especially low‑ and moderate-income households, as well as city housing agencies and the newly created nonprofit corporation are affected.

Where: City of Chicago

Timeline

Documents