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This record contains private information, which has been redacted from public viewing.
Record #: O2019-4129   
Type: Ordinance Status: Passed
Intro date: 6/12/2019 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 7/24/2019
Title: Agreement with Dearborn Real Estate Board d.b.a Dearborn Realtist Board to administer Community Receiver Training Program utilizing Affordable Housing Opportunity Funds
Sponsors: Lightfoot, Lori E.
Topic: FINANCE FUNDS - Affordable Housing Opportunity Fund
Attachments: 1. O2019-4129.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

June 12,2019










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 an ordinance authorizing an expenditure of affordable housing opportunity funds for a community receivership program.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours,

Mayor
ORDINANCE
WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Article VII, Section 6(a) ofthe Constitution ofthe State of Illinois, and, as such, may exercise any power and perform any function pertaining to its government and affairs; and

WHEREAS, the City has determined that the continuance of a shortage of affordable housing to persons of low and moderate income is harmful to the health, prosperity, economic stability and general welfare ofthe City; and

WHEREAS, the City, through its Department of Planning and Development ("DPD"), desires to establish a Community Receiver Training Program (the "Training Program") to provide education about the receivership and forfeiture process and training to individuals interested in becoming court-appointed receivers charged with maintaining and improving distressed properties throughout the City, and related activities, as more specifically set forth on Exhibit A attached hereto; and

WHEREAS, DPD desires to enter into an agreement with Dearborn Real Estate Board d/b/a Dearborn Realtist Board, an Illinois not-for-profit corporation ("DRB"), to administer the Training Program; and

WHEREAS, pursuant to Section 2-44-080(G)(1) of the Municipal Code of Chicago (the "Municipal Code"), funds deposited into the Affordable Housing Opportunity Fund ("AHOF Funds") 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 ...

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