# Issuance of multi-family program funds and other financial assistance to The Regenerator LLC for residential housing project at 6206 S Racine Ave

[Votes](https://www.chicagopolitics.org/legislation) › [Housing and Real Estate](https://www.chicagopolitics.org/committee/housing-and-real-estate)

- Record number: **SO2026-0027320**
- Type: Ordinance; category: Agreements
- Status: Final
- Sponsor: Johnson, Brandon
- Committee: [Committee on Housing and Real Estate](https://www.chicagopolitics.org/committee/housing-and-real-estate)
- Introduction Date: Jul 15, 2026
- Final Action Date: Sep 23, 2026
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=2E23350E-5281-F111-AB0E-001DD8015587)

## Roll call: Passed Sep 23, 2026

**50 yea, 0 nay.** On motion of Alderperson Sigcho-Lopez,, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the [City Council meeting of Sep 23, 2026](https://www.chicagopolitics.org/meeting/5F86622E-F485-F111-AB0E-001DD80ED7AA).

**Yea (50)**: [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), [Gilbert Villegas](https://www.chicagopolitics.org/ward/36) (36), [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)

## Plain-language summary

> Written by AI (claude-opus-5-5) from the ordinance text only: [SO2026-0027320 Substitute Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/655d120c-9931-4fd6-90a2-05bfa3bcd67b.pdf). AI can make mistakes; the official document always wins.

This ordinance lets the City lend up to $7,733,157 and grant up to $10,992,687 to help turn the former Woods Community Academy building at 6206 S. Racine Ave. into about 48 affordable apartments. The City will sell the property for $1.00 to the Inner City Muslim Action Network (IMAN), which will pass it to Go Green Development Group and then to the developer, The Regenerator LLC. Part of the building will also be set aside for a federally qualified health center, which will not receive the City money.

- Authorizes a City loan of up to $7,733,157 from Multi-Family Program Funds to The Regenerator, LLC.
- Authorizes a grant of up to $10,992,687 from Chicago Recovery Financing Plan funds to Go Green, which will contribute the money to the developer.
- About 48 one- and two-bedroom units will be created for low-, very low-, and extremely low-income persons and families, plus common areas and a parking lot.
- The property, appraised at $1,300,000, will be sold by the City to IMAN for $1.00, then passed to Go Green and then to the developer; it may not be used for a K-12 charter school.
- Part of the building will become a federally qualified health center; about $1,415,641 in escrowed funds is expected to help pay for its early construction.

**Money**

- $7,733,157 – maximum City loan to The Regenerator, LLC for the housing project
- $10,992,687 – maximum Chicago Recovery Plan grant to Go Green for the housing project
- $1.00 – sale price of the property from the City to IMAN
- $1,300,000 – appraised fair market value of the property as of May 26, 2023
- $1,415,641 – escrowed funds expected to be assigned for preliminary construction of the health center

**Who**: The Regenerator LLC, Go Green Development Group, Gorman and Company, and IMAN are involved, and low-, very low-, and extremely low-income persons and families would be served by the apartments.

**Where**: 6206 S. Racine Avenue, Chicago, IL 60636 (former Woods Community Academy)

## Timeline

- Jul 15, 2026: Referred, City Council. The matter was Referred to Committee.
- Sep 16, 2026: Substituted, Committee on Housing and Real Estate. The matter was Substituted in Committee.
- Sep 16, 2026: Recommended to Pass, Committee on Housing and Real Estate. The matter was recommended to Pass by controlling legislative body.
- Sep 23, 2026: Passed, City Council (50 yea, 0 nay), at the [City Council meeting](https://www.chicagopolitics.org/meeting/5F86622E-F485-F111-AB0E-001DD80ED7AA). On motion of Alderperson Sigcho-Lopez,, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.

## Documents

- [O2026-0027320 Ex C - Reconveyance Deed.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/d9c02d08-6dc4-443a-9db5-b5d29489a65b.pdf) (Exhibits)
- [O2026-0027320 Ex A - Financing Terms.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f77b738a-2842-4b3d-bc21-d2868dd84600.pdf) (Exhibits)
- [O2026-0027320 Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5b382ec5-848e-4357-8453-3245441b7b0b.pdf) (Legislation)
- [O2026-0027320 Ex B - Legal Description.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/da7f7a75-efea-4536-8b50-05f280c9b6e0.pdf) (Exhibits)
- [SO2026-0027320 Substitute Ordinance.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/655d120c-9931-4fd6-90a2-05bfa3bcd67b.pdf) (Legislation)
- [SO2026-0027320 Substitute EDS\_Redacted.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/5345ab0a-eeee-42d8-bb10-63dacd33e1d1.pdf) (EDS)
- [SO2026-0027320 Substitute Ex A - Finance Terms.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/ec285c19-fc73-48b4-aef8-9787b4c3e105.pdf) (Exhibits)
- [O2026-0027320 EDS\_Redacted.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/8ab75466-c471-4c98-8b27-b84fbd6c2f7a.pdf) (EDS)
- [O2026-0027320 Mayoral Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/94c5c747-cc20-40ab-9790-75f357b003bd.pdf) (Miscellaneous)
- [SO2026-0027320 Substitute Ex C - Reconveyance Deed.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/cb66dd2c-f8ca-4c9e-ab82-d1e5c76aeb48.pdf) (Exhibits)
- [SO2026-0027320 Substitute Ex B - Legal Description.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/f5de8a8d-50d0-4647-bd38-45f99e9ab8ae.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 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](https://www.chicagopolitics.org/matter/O2026-0029417-issuance-multi-family-program-funds-3301) (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…](https://www.chicagopolitics.org/matter/O2026-0029413-issuance-multi-family-program-funds-other) (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…](https://www.chicagopolitics.org/matter/O2026-0029412-issuance-multi-family-program-funds-other) (O2026-0029412, introduced Oct 14, 2026, Referred)

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Source: https://www.chicagopolitics.org/matter/SO2026-0027320-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