Quantcast

Chicago City Wire

Thursday, November 21, 2024

Chicago Housing Commissioner gains new powers under Mayor Johnson's initiative

Webp ndmy5n0zr7wy8f6bqbn24p5eqqd9

Lissette Castañeda DOH commissioner | City of Chicago Website

Lissette Castañeda DOH commissioner | City of Chicago Website

The Chicago Department of Housing’s (DOH) Commissioner has assumed additional administrative authority following the passage of an ordinance that grants the Commissioner the power to approve the restructuring of certain terms and conditions associated with previously issued City financing for affordable housing developments.

DOH receives approximately 15-20 requests annually to restructure or modify existing City loans issued to finance affordable housing developments. The ordinance aims to create a more streamlined and timely processing system. Under Mayor Brandon Johnson’s Cut the Tape Initiative, this ordinance will assist in preventing tenant displacement and maintaining affordability within housing.

The ordinance now enables the following modifications to be authorized by the DOH Commissioner:

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS