Issuance of Multi-Family Program Funds and other financial assistance to 3959 Lincoln 4 LLC for mixed-use development 4% Project at 3959 N Lincoln Ave (4 percent owner)
- Record number: O2026-0024884
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: Committee on Finance
- Introduction Date: Apr 15, 2026
- Final Action Date: May 20, 2026
- Official record: Office of the City Clerk
Roll call: Passed May 20, 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 May 20, 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: O2026-0024884 C.L..pdf. AI can make mistakes; the official document always wins.
The City Council's Finance Committee recommends passing an ordinance that would give Multi-Family Program funds to 3959 Lincoln 4 Manager, LLC for a mixed-use development at 3959 N. Lincoln Avenue. The amount is not to exceed $11,007,814. The committee approved the recommendation by voice vote with no one voting against it on May 18, 2026.
- Authorizes Multi-Family Program funds for a mixed-use '4%' development project
- The developer named is 3959 Lincoln 4 Manager, LLC (the title lists 3959 Lincoln 4 LLC)
- Funding is capped at $11,007,814
- Committee on Finance, chaired by Pat Dowell, recommended passage by voice vote with no dissent on May 18, 2026
- The committee report to the full City Council is dated May 20, 2026
Money
- Up to $11,007,814 in Multi-Family Program funds for the mixed-use development at 3959 N. Lincoln Avenue
Who: The developer, 3959 Lincoln 4 Manager, LLC, would receive the city funds for the project.
Where: 3959 N. Lincoln Avenue, 47th Ward
Timeline
- Apr 15, 2026: Referred, City Council. The matter was Referred to Committee.
- May 18, 2026: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- May 20, 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.
Documents
- O2026-0024884 C.L..pdf (Committee Letter)
- O2026-0024884 Exhibit A.pdf (Exhibits)
- O2026-0024884 EDS_Redacted.pdf (EDS)
- O2026-0024884 Ordinance.pdf (Legislation)
- O2026-0024884 Mayoral Letter.pdf (Miscellaneous)
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)
More on Agreements
- Issuance of Multi-Family Program Funds to 3301 W Palmer LLC for acquisition and preservation of Palmer Place Apartments at 3301 W Palmer St (O2026-0029417, introduced Oct 14, 2026, Referred)
- Issuance of Multi-Family Program Funds and other financial assistance to MPC Phase I 9% LLC for development of Morgan Park Commons Phase I… (O2026-0029413, introduced Oct 14, 2026, Referred)
- Issuance of Multi-Family Program Funds and other financial assistance to MPC Phase I 4% LLC for development of Morgan Park Commons Phase I… (O2026-0029412, introduced Oct 14, 2026, Referred)
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