Broadway Mixed-Use Housing Financing

At a glance

• What: Two substitute ordinances authorize multi-family program funds for a mixed-use development on North Broadway in the 48th Ward (Manaa-Hoppenworth's ward).
• 4 percent credit project (SO2026-0027190): up to $3,855,235 in Multi-Family funds, $22,000,000 in TIF assistance and $19,500,000 in bonds.
• 9 percent credit project (SO2026-0027224): up to $5,967,690 in Multi-Family funds.
• Vote: Both passed 50 to 0 on September 23, 2026 after Finance Committee voice votes with no dissent on September 22.

Sources

• City Council journal, September 23, 2026, Volume I: https://chicityclerk.s3.us-west-2.amazonaws.com/s3fs-public-1/reports/2026_09_23%20Journal%20of%20the%20Proceedings%20Vol.%20I.pdf
• Journal pages 48868 to 49154.

Log

2026-09-23 - City Council

Both ordinances passed 50 to 0 on Dowell's motion.

2026-10-05 - Committee on Finance

TEFRA hearing on up to $19.5 million in revenue bonds for 57 affordable units; no written comments; closed without a vote.