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Sale, Transfer, and Assumption of City Debt for Supportive Living Facility at 8200 S Ellis Ave

  • When: 2024/10/09
  • Address: 8200 S Ellis Ave, Chicago, IL
  • City: Chicago
  • State: Illinois
  • Category: Affordable Housing

This decision involves the sale, transfer, and assumption of City debt from Ellis Neighborhood Development Corporation to Veritus Karibuni LLC for the permanent supportive living facility at 8200 S Ellis Ave. The City Council passed the final decision on October 9, 2024, following its introduction on September 18, 2024.

Why it Matters

This transfer ensures the continued operation and management of the supportive living facility, providing essential housing services to vulnerable populations while addressing the financial obligations associated with the property.

Source