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Record #: O2017-8587   
Type: Ordinance Status: Passed
Intro date: 12/13/2017 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 1/17/2018
Title: Expenditure of portion of Affordable Housing Opportunity Funds for Flexible Housing Subsidy Pool
Sponsors: Emanuel, Rahm
Topic: FINANCE FUNDS - Affordable Housing Opportunity Fund
Attachments: 1. O2017-8587 (V1).pdf, 2. O2017-8587.pdf
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 of a shortage of rental housing affordable to persons of low and moderate income is harmful to the health, prosperity, economic stability and genera] welfare of the City; and
WHEREAS, the Department 'of Planning and Development ("DPD") is an executive department of the City which, among other things, coordinates the formulation and execution of projects and programs creating safe, decent and affordable housing for residents of the City; and

WHEREAS, the Department of Family and Support Services ("DFSS") is an executive department ofthe City which, among other things, plans and coordinates programs and projects that help to prevent and end homelessness; and

WHEREAS, DPD and DFSS have established a program to provide rental subsidies to selected landlords in order to enable such landlords to house certain eligible tenants and to provide social services to such tenants pursuant to program parameters as further described on Exhibit A hereto and hereby incorporated herein (the "Flexible Housing Subsidy Program"); and

WHEREAS, certain funds (the "AHOF Funds") have been previously appropriated by the City pursuant to Section 2-45-115(G)(1) of the Municipal Code of Chicago (the "Municipal Code") which may be "used for the construction, rehabilitation or preservation of affordable housing or may be used in connection with such other housing programs as shall be specifically approved by the City Council for such revenues"; and
WHEREAS, DPD would like to designate the Flexible Housing Subsidy Program as a housing program which is specifically approved by the City Cou...

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