Chicago creates nonprofit corporation for affordable housing – The Bond Buyer

The Chicago City Council passed Mayor Brandon Johnson’s green affordable housing plan on Wednesday. The city will seed an independent nonprofit residential real estate development corporation with $135 million from a $1.25 billion bond authorization the City Council approved in 2024.
The corporation will finance, buy, own and operate mixed-income, sustainable and tenant-governed buildings that include affordable units, according to the ordinance establishing it.

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Mayor Johnson’s bid to reshape Chicago Fire Department explains four-year wait for new contract – Chicago Sun-Times

Johnson wouldn’t say whether he is attempting to close fire stations or eliminate the minimum staffing requirement that mandates five employees on every piece of fire apparatus, with the exception of daily “variances.” He would only say the “infrastructure within our city has been around for so long, it’s not as nimble and flexible as it needs to be.

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Phil Perez enters Illinois governor’s race with grassroots message as Pritzker eyes national stage – FOX32 (Chicago)

A heavy-duty fleet mechanic and public servant at the Posen Park District, Perez said he’s seen firsthand how state policy affects working families. “I am tired of fearing for my children’s safety,” he said. “I am tired of being gouged by fees and taxes while our roads fall apart, our schools are underfunded, and our citizens go hungry and homeless.”

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Chicago school board president talks cuts and uncertainty with principals: ‘You need to understand what I’m grappling with’ – Chicago Tribune/Yahoo

According to a presentation given by district officials to board members in late April obtained by the Tribune, the board, staring down the barrel of half a billion in the red, will “need to identify $529 million spending reductions,” to be implemented at both the administrative and school levels. That estimate doesn’t include a $175 million payment for a pension fund for nonteaching CPS employees pushed for by the mayor.

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