Words cannot express my gratitude for the guidance, insight, and wisdom that Daniel has shared with me during my time at the City. Thank you for your public service - it has truly been a privilege to learn from you!
Hello! This week is my last week working as Director of Policy at the Chicago Department of Housing. It's been four and a half years, and I'm incredibly proud of my work here. I'm so grateful to my colleagues for everything that their work has made possible.
A few highlights:
Today, we passed our $1.25 billion bond ordinance, which will bring transformative investments to Chicago neighborhoods, with critical assistance for new businesses, cultural centers, affordable homes, and neighborhood and workforce development.
This is how we invest in people.
Included in this bond package is a $125M appropriation to a revolving loan fund for mixed-income housing production, a la Montgomery County. Goes to the full council tomorrow.
If it passes Chicago will be the 3rd jurisdiction to establish such a program—and have the largest fund.
BREAKING: The City Council's Finance Committee votes 20-9 to endorse the proposal to borrow $1.25B during the next 5 years to fund affordable housing & economic development projects.
City Council approval will be required for projects $5M.
Final vote set for later today. @wttw
For those who missed the livestream, the video from our HUD event last month is now up on YouTube here. Hear from housing agency practitioners (and me) discussing how the public development model builds housing in their jurisdictions.
https://t.co/EtaLw4jxkU