Office of the City Clerk - Record #: O2022-899

• Record #: O2022-899
• Type: Ordinance
• Status: Passed
• Intro date: 3/23/2022
• Current Controlling Legislative Body: Committee on Housing and Real Estate
• Final action: 4/27/2022
• Title: Designation of O'Hare Community Area as Low-Affordability Community and support for Affordable Housing Special Assessment Program tax incentive for Glenstar O'Hare LLC development at 8503-8723 W Higgins Rd
• Sponsors: Lightfoot, Lori E.
• Topic: CITY DEPARTMENTS/AGENCIES - Housing, - TAX INCENTIVES - Miscellaneous

Date	Journal Page Number	Action By	Action	Result
4/27/2022	46255	City Council	Passed	Pass
4/19/2022		Committee on Housing and Real Estate	Recommended to Pass
3/23/2022	45402	City Council	Referred

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

March 23, 2022









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


Ladies and Gentlemen:

At the request ofthe Commissioner of Housing, I transmit herewith an ordinance authorizing the designation ofthe residential development located at 8535 West Higgins Avenue as an Affordable Housing Special Assessment Project.

Your favorable consideration of this ordinance will be appreciated.

Mayor

ORDINANCE

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Section 6(a), Article VII ofthe 1970 Constitution ofthe State of Illinois authorized to 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 rental housing is harmful to the health, prosperity, economic stability and general welfare of the City; and
WHEREAS, the City's Department of Housing ("DOH"), through various programs, endeavors to increase the number of families served with decent, safe, sanitary and affordable housing and to expand the long-term supply of affordable housing; and
WHEREAS, the Illinois General Assembly, pursuant to Public Act 102-0175, amended the state's Property Tax Code by adding Section 15-178, as the same may be hereafter amended, restated or supplemented from time to time ("Section 15-178") to create a new program that provides a reduction in assessed value for property on which there is newly constructed and rehabilitated affordable rental housing ("Affordable Housing Special Assessment Program"); and

WHEREAS, pursuant to Section 15-178, the Cook County Assessor's Office (the "Assessor") is implementing the Affordable Housing Special Assessment Program; and
WHEREAS, pursuant to Section 15-178, the City may designate a jurisdiction within the City as a "Low Affordability Community" by passage of an ordinance specifying a census tract or property by permanent inde...