Office of the City Clerk - Record #: O2015-4242

• Record #: O2015-4242
• Type: Ordinance
• Status: Passed
• Intro date: 5/20/2015
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 6/17/2015
• Title: Extension of agreement with Low Income Housing Trust Fund for implementation of rental housing program
• Sponsors: Emanuel, Rahm
• Topic: AGREEMENTS - Miscellaneous

Date	Journal Page Number	Action By	Action	Result
6/17/2015	1315	City Council	Passed	Pass
6/15/2015		Committee on Housing and Real Estate	Recommended to Pass	Pass
5/20/2015	71	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
May 20, 2015









TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Commissioner of Planning and Development, I transmit herewith ordinance authorizing an extension of an agreement between the City of Chicago and the Low Income Housing Trust Fund.

Your favorable consideration of this ordinance will be appreciated.

Very truly yours,

Mayor

¦ ORDINANCE

WHEREAS, the City of Chicago (the "City"), a home rule unit of government under Section 6(a), Article VII ofthe 1970 Constitution ofthe State of Illinois, has heretofore found and does hereby find that there exists within the City a serious shortage [of decent, safe and sanitary rental housing affordable to persons of low and moderate income; and
WHEREAS, the City has determined that the continuance ofja shortage of rental housing affordable to persons of low and moderate income is harmful to the health, prosperity, economic stability and general welfare of the City; and
WHEREAS, the Department of Planning and Development ('fDPD") is an executive department of the City which supervises and coordinates the formulation and execution of
for residents of the City;
projects and programs creating safe, decent and affordable housing and

WHEREAS, by an ordinance adopted by the City Council of the City (the "City Council") on June 28, 1989 and published in the Journal ofthe Proceedings ofthe City Council (the "Journal") for such date at pages 3161 through 3180, as amended by an ordinance adopted by the City Council on November 29, 1989 and published in the Journal for such date at pages 7077 through 7078, the City Council authorized the organization ofthe Chicago Low-Income Housing Trust Fund (the "Trust Fund") as an Illinois not-for-profit corporation; and
WHEREAS, the Trust Fund was established to provide financial and other assistance to address the housing needs of low-income residents of the City and has th...