The Chicago City Council approved the issuance of tax-exempt housing revenue bonds to support the Lathrop Preservation Phase IC project. This decision, sponsored by Mayor Brandon Johnson, aims to provide financial backing for affordable housing development under the Lathrop Preservation initiative. The bond issuance will facilitate the continuation of housing preservation and revitalization efforts in the Lathrop community.
This decision is crucial for advancing affordable housing efforts in Chicago, providing essential funding to support ongoing preservation and revitalization in the Lathrop community. The tax-exempt bonds ensure that financial resources are directed towards sustainable housing solutions.