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
Legislation tracker › Housing and Real Estate › 32nd Ward: Scott Waguespack
Clerk's short name: Foundry Park
- Record number: O2026-0023450
- Type: Ordinance; category: Property
- Status: Final (Passed)
- Sponsor: Scott Waguespack (32nd Ward)
- Committee: Committee on 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
Impact report
Written by AI from the official document. 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
Timeline
- Mar 18, 2026: Referred, City Council. The matter was Referred to Committee.
- Apr 8, 2026: Recommended to Pass, Committee on Housing and Real Estate. The matter was recommended to Pass by controlling legislative body.
- Apr 15, 2026: Passed, City Council (50 yea, 0 nay), at the City Council meeting. On motion of Alderperson Sigcho-Lopez, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.
Documents
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)
- 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)
- Jdl Development LLC: NEGOTIATION OF FOUNDRY PARK REDEVELOPMENT AGREEMENT (2 filings, Apr 1, 2026 to Jun 30, 2026; Andrew Scott; matched by semantic tfidf)
Alderpersons who received money from these interests
| Member | Amount | From |
|---|---|---|
| Brian Hopkins | $7,300 | Jdl Development LLC (employees) |
| Timothy R. Knudsen | $1,500 | Jdl Development LLC (employees) |
Related legislation
More from Scott Waguespack
- Approval of Foundry Park Resubdivision (O2026-0029223, introduced Oct 7, 2026, Passed)
- Support of Class C Tax incentive renewal for property at 1825 W Webster Ave (O2026-0029057, introduced Sep 29, 2026, Referred)
- Approval of Riverward Resubdivision (O2026-0029056, introduced Sep 29, 2026, Referred)
More on Property
- Designation of 3611-3625 N Halsted St as Low-Affordability Community (O2026-0025475, introduced May 20, 2026, Passed)
- Designation of 3231 N California Ave/2752-2762 W Melrose St as Low-Affordability Community (O2026-0025447, introduced May 20, 2026, Passed)
- Commissioner of Fleet and Facility Management to identify suitable location for new satellite police station within 12th Police District (O2026-0024056, introduced Mar 18, 2026, Held in Committee)
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