The City of Chicago approved an ordinance authorizing the issuance of up to $20,000,000 in multi-family housing revenue bonds for the Homan Square Apartments Phase IV project. This project involves the acquisition and rehabilitation of six residential buildings located at various addresses on West Polk Street, South Lawndale Avenue, and South Central Park Avenue. The purpose of the financing is to support a low-income housing development aimed at addressing the serious shortage of decent, safe, and sanitary rental housing for low- and moderate-income persons in the city. The bonds will finance a portion of the project costs, with the intent that interest on the bonds will be excluded from gross income for federal income tax purposes.