# Issuance of multi-family housing revenue bonds and other financial assistance to New City Redevelopment Limited Partnership for acquisition and rehabilitation of affordable housing at 1515 and 1635-1643 W 47th St

- Record number: **O2023-0005765**
- Type: Ordinance; category: Bonds & Bond Issues
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduced: Nov 1, 2023
- Final action: Dec 13, 2023
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=BEE4E718-FE78-EE11-9AE5-001DD804D430)

## Roll call: Passed Dec 13, 2023

**49 yea, 0 nay.** On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Hopkins, the matter was Passed. Voted at the [City Council meeting of Dec 13, 2023](https://www.chicagopolitics.org/meeting/152235C5-F883-EE11-8178-001DD83091CA).

**Yea (48)**: [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), [Jeylú B. Gutiérrez](https://www.chicagopolitics.org/ward/14) (14), [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (15), [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), [Byron Sigcho-López](https://www.chicagopolitics.org/ward/25) (25), [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), [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)

**Not voting (1)**: [Rossana Rodríguez Sánchez](https://www.chicagopolitics.org/ward/33) (33)

Former members who voted: Carlos Ramirez-Rosa (Yea)

## Timeline

- Nov 1, 2023: Referred, City Council
- Dec 11, 2023: Recommended to Pass, Committee on Finance
- Dec 13, 2023: Passed, City Council

## Documents

- [O2023-0005765 Exhibit A - Financing.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/e0256221-0e45-4f0e-a296-261b15d14254.pdf) (Exhibits)
- [O2023-0005765 Exhibit C - Form of Loan Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/6091da3e-90dd-4f3c-b5d4-b17a418f35cf.pdf) (Exhibits)
- [O2023-0005765 Exhibit E - Form of Redevelopment Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7a9729bc-54d1-43a0-ba98-b8b31d18835d.pdf) (Exhibits)
- [O2023-0005765 Exhibit B - Form of Indenture.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/7cef7620-5a30-4c2e-bcf9-f3f1e0d427a8.pdf) (Exhibits)
- [O2023-0005765 Exhibit F - Property Description.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5020787d-20b9-4c4d-a0ff-f643ef2c0c64.pdf) (Exhibits)
- [O2023-0005765 EDS.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/1cbe4f7f-812d-4f9d-81c3-85997b88fc3f.pdf) (EDS)
- [O2023-0005765.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/6f4cf369-34c1-4448-9709-fc3ad300a7e5.pdf) (Legislation)
- [O2023-0005765 Exhibit D - Form of Land Use Restriction Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f1336a4f-404b-47a3-8ff6-fed254e508a3.pdf) (Exhibits)
- [O2023-0005765 Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/0f9c4538-d7cb-4f79-8372-a47d4156536b.pdf) (Committee Letter)

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Source: https://www.chicagopolitics.org/matter/BEE4E718-FE78-EE11-9AE5-001DD804D430 · Chicago Politics, an independent, nonpartisan tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt