The Chicago City Council passed an ordinance approving the First Amendment to the Renaissance Apartments (Wabash Y) Redevelopment Agreement. This amendment extends the completion deadline for the rehabilitation project from October 31, 2024, to March 31, 2026. The developer, Renaissance Partners Limited Partnership, encountered several challenges that necessitated the extension. The project, which utilizes Tax Increment Financing (TIF) assistance, involves the RAD2 conversion and rehabilitation of the apartment complex to preserve affordable housing.