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Record #: O2020-2263   
Type: Ordinance Status: Passed
Intro date: 4/22/2020 Current Controlling Legislative Body: Committee on Housing and Real Estate
Final action: 5/20/2020
Title: Establishment of Emergency Relief for Affordable Multi-Family Properties (ERAMP) Program to provide short-term financial assistance
Sponsors: Lightfoot, Lori E.
Topic: CITY DEPARTMENTS/AGENCIES - Housing & Economic Development
Attachments: 1. O2020-2263.pdf


OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR

April 22, 2020










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


Ladies and Gentlemen:
)
At the request ofthe Department of Housing Commissioner, I transmit herewith an ordinance establishing the Emergency Relief for Affordable Multi-Family Properties Program.

Your favorable consideration ofthis ordinance will be appreciated.

ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule municipality as described in Section 6(a), Article VII of the 1970 Constitution of the State of Illinois, and as such may exercise any power and perform any function pertaining to its government and affairs, including protecting the public health, safety, and welfare of its citizens; and

WHEREAS, the Department of Housing ("DOH") is an executive department of the City established pursuant to Chapter 2-44 of the Municipal Code of Chicago (the "Municipal Code"), and supervises and coordinates the formulation and execution of projects and programs creating safe, decent and affordable housing for residents of the City; and

WHEREAS, pursuant to Section 2-44-080(G)(1) of the Municipal Code, certain funds derived from payments to the City pursuant to Sections 2-44-070 and 2-44-080 and former Section 17-4-1004 of the Municipal Code 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 (the "AHOF Funds"); and

WHEREAS, the City, acting through DOH, has made, and plans to make in the future, certain loans and grants (the "Loans and Grants") utilizing a variety of funding sources pursuant to the approval of the City Council of the City (the "City Council"), to various developers to finance certain multi-family rental housing developments (the "Developments") for low- and moderate-income families and individuals in the City; and

WHEREAS, ...

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