Issuance of tax-exempt multi-family housing revenue bonds to support rehabilitation of MHL 2 Prairie District Apartments-Wabash at 1801 S Wabash Ave

Record number: O2026-0023334
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

50 yea, 0 nay. 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.

Yea (50): 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), Anthony Beale (9), 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 (claude-opus-5-5) from the ordinance text only: O2026-0023334 C.L..pdf. AI can make mistakes; the official document always wins.

The City Council's Committee on Finance recommends passing an ordinance about the MHL 2 Prairie District Apartments-Wabash at 1801 S Wabash Ave. The ordinance appears to authorize an increase in Multi-Family Loan Funds and the issuance of tax-exempt multi-family housing revenue bonds to support rehabilitation of the apartments, with an amount not to exceed $14,822,344. The committee approved it by voice vote with no one voting against it on March 13, 2026.

Committee on Finance recommends the full City Council pass the ordinance
Ordinance appears to authorize an increase in Multi-Family Loan Funds
Ordinance authorizes issuing tax-exempt multi-family housing revenue bonds
Money is to support rehabilitation of MHL 2 Prairie District Apartments-Wabash
Committee approved by voice vote with no dissenting votes on March 13, 2026

Money

$14,822,344 - maximum amount stated in the committee report; the scanned text is partly unreadable, so it is unclear whether this applies to the bonds or the loan funds

Who: The owners and residents of MHL 2 Prairie District Apartments-Wabash are affected by the financing for the building's rehabilitation.

Where: 1801 S Wabash Ave, Chicago

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: Passed, City Council (50 yea, 0 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.