Regenerator Housing Project

At a glance

• What: Substitute ordinance SO2026-0027320 authorizes the Department of Housing to provide multi-family program funds and other assistance to The Regenerator LLC for a residential project in the former Woods Community building on South Racine Avenue in the 16th Ward (Coleman's ward). The ordinance describes about 48 one- and two-bedroom units for low, very low and moderate income households.
• Money: A City loan of up to $7,733,157 from Multi-Family Program funds and a grant of up to $10,992,687 from the Chicago Recovery Plan bond program (the ordinance refers to a $660 million recovery bond ordinance of October 27, 2021).
• Vote: Passed 50 to 0 on September 23, 2026. Committee action was by the roll call used to determine quorum at the September 16 Housing Committee meeting (chair Sigcho-Lopez).

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 49272 to 49282.

Log

2026-09-23 - City Council

Passed 50 to 0.