Issuance of tax-exempt multi-family housing revenue bonds to support development of Morgan Park Commons Phase 1 project at 11400-11458 S Halsted St and 800-912 W 115th St
- Record number: O2026-0023330
- Type: Ordinance; category: Bonds & Bond Issues
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduction Date: Feb 18, 2026
- Final Action Date: Mar 18, 2026
- Official record: Office of the City Clerk
Roll call: Passed Mar 18, 2026
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 Mar 18, 2026.
Nay (1): Anthony Beale (9)
Yea (49): Daniel La Spata (1), Brian Hopkins (2), Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Jeylú B. Gutiérrez (14), Raymond A. Lopez (15), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Rossana Rodríguez Sánchez (33), William Conway (34), Anthony J. Quezada (35), Gilbert Villegas (36), Emma Mitts (37), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)
Plain-language summary
Written by AI (@cf/openai/gpt-oss-120b) from the ordinance text only: O2026-0023330 C.L..pdf. AI can make mistakes; the official document always wins.
The City of Chicago plans to issue tax-exempt revenue bonds worth up to $12.5 million to help fund the Morgan Park Commons Phase 1 multi-family housing project at two sites on S. Halsted St. and W. 115th St. The finance committee approved the ordinance with one dissenting vote.
- Issuance of tax-exempt revenue bonds for housing development
- Maximum bond amount is $12,500,000
- Funds will support the Morgan Park Commons Phase 1 project
- Project locations: 11400-11458 S. Halsted St and 800-912 W. 115th St
- Approved by the Finance Committee with one dissenting vote
Money
- $12,500,000 – bond issuance to fund the Morgan Park Commons Phase 1 development
Who: The project developers and future residents of the Morgan Park Commons Phase 1 multi-family housing will be affected.
Where: Morgan Park, Chicago (11400-11458 S. Halsted St and 800-912 W. 115th St)
Timeline
- Feb 18, 2026: Referred, City Council. The matter was Referred to Committee.
- Mar 13, 2026: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Mar 18, 2026: Signed by Mayor, City Council. The matter was Signed by the Mayor.
- Mar 18, 2026: Passed, City Council (49 yea, 1 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.
Documents
- O2026-0023330 C.L..pdf (Committee Letter)
- O2026-0023330 Mayoral Letter.pdf (Miscellaneous)
- O2026-0023330 SIGNED by Mayor.pdf (Legislation)
- O2026-0023330 Ordinance.pdf (Legislation)
- O2026-0023330 EDS_Redacted.pdf (EDS)
Related legislation
More from Johnson, Brandon
- Executive Order No. 2026-7 (Senior Bill of Rights and Establishing the Mayor's Office on Aging) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
- Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance) (O2026-0029650, introduced Oct 21, 2026, Referred)
- Fiscal Year 2027 Budget Recommendations (O2026-0029642, introduced Oct 21, 2026, Referred)
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