# Issuance of multi-family program funds and other financial assistance to support acquisition and development of Abrams Intergenerational Village project at 5300-5318 S Calumet Ave

[Votes](https://www.chicagopolitics.org/legislation) › [Finance](https://www.chicagopolitics.org/committee/finance)

- Record number: **O2026-0025467**
- Type: Ordinance; category: Bonds & Bond Issues
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Introduction Date: May 20, 2026
- Final Action Date: Jun 17, 2026
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=24F47EDE-7254-F111-BEC6-001DD80B0E39)

## Roll call: Passed Jun 17, 2026

**49 yea, 0 nay, 1 absent.** On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the [City Council meeting of Jun 17, 2026](https://www.chicagopolitics.org/meeting/73347594-0E55-F111-BEC6-001DD80B0E39).

**Yea (49)**: [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), [Rossana Rodríguez Sánchez](https://www.chicagopolitics.org/ward/33) (33), [William Conway](https://www.chicagopolitics.org/ward/34) (34), [Anthony J. Quezada](https://www.chicagopolitics.org/ward/35) (35), [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)

**Absent (1)**: [Gilbert Villegas](https://www.chicagopolitics.org/ward/36) (36)

## Plain-language summary

> Written by AI (claude-opus-5-5) from the ordinance text only: [O2026-0025467 C.L..pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/8985581d-0a4d-4545-96f3-3c6048efe902.pdf). AI can make mistakes; the official document always wins.

This ordinance would let the City of Chicago provide Multi-Family Program Funds and other financial help to buy and develop the Abrams Intergenerational Village project at 5300-5318 S. Calumet Ave. The City Council's Finance Committee reviewed it and recommended that the full City Council pass it.

- Authorizes City Multi-Family Program Funds and other financial assistance for the Abrams Intergenerational Village project.
- The money would support both buying (acquisition) and developing the project.
- The Committee on Finance recommended passage by voice vote with no one voting against it on June 15, 2026.
- The committee report is dated June 17, 2026, and was signed by Chairman Pat Dowell.
- The scanned document text is partly unreadable, so some details, such as the purpose of the second funding amount, are not clear.

**Money**

- Up to $3,250,000 in Multi-Family Program Funds
- Up to $13,000,000 in additional assistance (the type is unclear in the scanned text)

**Who**: The document does not name the developer; it affects the Abrams Intergenerational Village project and the City funds committed to it.

**Where**: 5300-5318 S. Calumet Ave., 3rd Ward

## Timeline

- May 20, 2026: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- May 20, 2026: Referred, City Council. The matter was Referred to Committee.
- Jun 17, 2026: Passed, City Council (49 yea, 0 nay), at the [City Council meeting](https://www.chicagopolitics.org/meeting/73347594-0E55-F111-BEC6-001DD80B0E39). On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

## Documents

- [O2026-0025467 C.L..pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/8985581d-0a4d-4545-96f3-3c6048efe902.pdf) (Committee Letter)
- [O2026-0025467 Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/283bc9e0-f843-4bfd-8655-bc1424456477.pdf) (Legislation)
- [O2026-0025467 EDS\_Redacted.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/43cc81d2-b648-4bf6-b4ce-63fe9fd0674c.pdf) (EDS)
- [O2026-0025467 Exhibit A Loan Agreement.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/755b4aae-e124-42d2-9481-892fc49d5c60.pdf) (Exhibits)
- [O2026-0025467 Exhibit B RDA with subexhibits A thru C.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/47100b0f-d6b2-4234-818f-657f05cbc1e0.pdf) (Exhibits)
- [O2026-0025467 Mayoral Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/38a42816-2282-4e55-8c04-95512c30eb98.pdf) (Miscellaneous)
- [O2026-0025467 Exhibit C Form of Deed with subexhibit A.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/915a9ae6-c9e0-4a2b-9631-ff4e5d910b4f.pdf) (Exhibits)

## Related legislation

**More from Johnson, Brandon**

- [Executive Order No. 2026-7 (Senior Bill of Rights and Establishing the Mayor's Office on Aging)](https://www.chicagopolitics.org/matter/F2026-0029547-executive-order-no-senior-bill-rights) (F2026-0029547, introduced Dec 8, 2026, Placed on File)
- [Issuance of general obligation bonds (2027-2028 General Obligation Borrowing Ordinance)](https://www.chicagopolitics.org/matter/O2026-0029650-issuance-general-obligation-bonds-general-obligation) (O2026-0029650, introduced Oct 21, 2026, Referred)
- [Fiscal Year 2027 Budget Recommendations](https://www.chicagopolitics.org/matter/O2026-0029642-fiscal-year-2027-budget-recommendations) (O2026-0029642, introduced Oct 21, 2026, Referred)

**More on Bonds & Bond Issues**

- [City of Chicago Fifth Supplemental Indenture and issuance of Second Lien Wastewater Transmission Revenue Bonds, Project and Refunding…](https://www.chicagopolitics.org/matter/O2026-0029409-city-chicago-fifth-supplemental-indenture-issuance) (O2026-0029409, introduced Oct 14, 2026, Referred)
- [Authorization to utilize proceeds from 2024 Bond Funds for working families to purchase new construction affordable homes produced by…](https://www.chicagopolitics.org/matter/O2026-0029209-authorization-utilize-proceeds-2024-bond-funds) (O2026-0029209, introduced Oct 14, 2026, Referred)
- [Issuance of Chicago O'Hare International Airport Senior Lien Revenue Bonds](https://www.chicagopolitics.org/matter/O2026-0026370-issuance-chicago-ohare-international-airport-senior) (O2026-0026370, introduced Jun 17, 2026, Passed)

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Source: https://www.chicagopolitics.org/matter/O2026-0025467-issuance-multi-family-program-funds-other · Chicago Politics, an independent tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt