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Mayor Brandon Johnson pushes borrowing $1 25 billion for neighborhood development

Mayor Brandon Johnson pushes borrowing $1 25 billion for neighborhood development
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Mayor Brandon Johnson pushes plan to borrow $1 25 billion for housing, development and climate goals

To stave off a “significant shrinkage” in the city’s available pool of money, Mayor Brandon Johnson’s administration Wednesday rolled out a new $1.25 billion borrowing plan to help fund a slate of progressive housing and economic development initiatives, funded in part by winding down reliance on special taxing districts, or TIFs. Johnson’s plan would require City Council approval, but, if .

Chicago Mayor Brandon Johnson pushes plan to borrow $1 25 billion for housing, development and climate goals

CHICAGO — To stave off a “significant shrinkage” in the city’s available pool of money, Mayor Brandon Johnson’s administration Wednesday rolled out a new $1.25 billion borrowing plan to help fund a slate of progressive housing and economic development initiatives, funded in part by winding down reliance on special taxing districts, or TIFs. Johnson’s plan would require City Council approval, .

Mayor Johnson Taps Lissette Castañeda for Housing Department

Mayor Johnson Taps Lissette Castañeda for Housing Department
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