Madden/Wells TIF

Committee on Finance approves housing financing, TIF/CubFund park allocations, settlements, and tag-day permits (Nov 10, 2025)

At its November 10, 2025 meeting the City of Chicago Committee on Finance approved the October 2025 Rule 45 report and passed ordinances and orders including: issuance of up to $14,000,000 in tax-exempt multifamily revenue bonds for Martha Washington Apartments; amendments and grant agreements supporting affordable housing (including a CLIHTF RHSP agreement); multiple intergovernmental agreements with the Chicago Park District allocating CubFund and TIF funds for park improvements (amounts ranging from $500,000 to $12,000,000, and an $11,850,000 Division/Homan allocation); a TIF loan for a 100-key Pullman hotel ($2,863,821); three settlement orders totaling $18,250,000 ($500,000; $750,000; $17,000,000); actions on small claims; and two citywide charitable solicitation (tag day) permits for Planned Parenthood Federation of America and Worldwide Wildlife Foundation for 2026.