On March 22, 2024, the Finance Committee held a hearing on Mayor Brandon Johnson's $1.25 billion bond proposal aimed at funding affordable housing and economic development in Chicago. The proposal, which could potentially replace the city's TIF program, faced mixed reactions from aldermen due to concerns over the lack of specifics on how it would impact individual wards. No vote was taken today. The hearing, covered by various reporters, noted a slow start with few questions from City Council members and some framing the discussion around past mayoral races and campaigning efforts.
Mayor Brandon Johnson’s administration held a hearing Friday on his $1.25 billion bond plan to fund affordable housing that saw some aldermen welcome the idea while others bristled over a lack of specifics on how their wards would be affected. https://t.co/zjUR7Xp8Uh
"When we were doing the mayoral races and all the other campaigning..." is quite the question framing at a City Council Finance committee hearing on how Mayor's $1.25B bond offering might be spent. 😲🤯
It's an hour forty five minutes since the start of the Finance Committee hearing on this proposed City Hall $1.25B bond deal and I don't think a single question has been asked by actual City Council members yet? Could be wrong, had to step out for a few calls.
The Finance Committee is holding a hearing today on Mayor Brandon Johnson’s $1.25 billion bond plan for affordable housing and economic development. The spending could slowly replace the city’s TIF program. NO vote today. More here: https://t.co/URyPVNTu5z
Starting at 1 p.m. Fresh off the apparent defeat of Bring Chicago Home, @ChicagosMayor's administration will answer questions about another possible revenue source to fight homelessness - the $1.25B housing and economic development bond proposal. Follow my coverage here. 1/
Finance committee to hold hearing on $1.25B housing and economic development bond proposal. Via @MikeMcDTweets @NewDayConway | @ChicagosMayor https://t.co/yEcSYbKN1L