City allocates $75 million in bond funds to market rate housing initiative on South and West sides – Chicago Tribune/Yahoo

This development initiative is the latest to be announced as a part of the city’s $1.25 billion bond for economic development and affordable housing. City Council approved Mayor Brandon Johnson’s five-year, $1.25 billion borrowing proposal in April as a vehicle to provide $250 million per year through 2028 for projects helmed by the city’s housing and planning departments.