Brandon Johnson Proposes Borrowing $1.25B to Fund Economic …

Feb 21, 2024 · Chicago should borrow $1.25 billion during the next five years to fund a wide-ranging slate of projects designed to expand the supply of affordable homes and good-paying jobs in neighborhoods that have suffered during decades of disinvestment, Mayor Brandon …

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Brandon Johnson Proposes Borrowing $1.25B To Fund Economic …

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City Council Votes 32-17 To Borrow $1.25B To Fund Economic …

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Apr 19, 2024 · The approval represents a major win for Mayor Brandon Johnson, who has touted the proposal as a way to make Chicago a more equitable place to live by “investing in people” …

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Mayor Brandon Johnson's $1.25 Billion Borrowing Plan For …

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Apr 19, 2024 · CHICAGO (CBS) -- The Chicago City Council on Friday approved Mayor Brandon Johnson's plan to borrow $1.25 billion over the next five years to fund affordable housing …

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Proposal To Borrow $1.25B To Fund Economic Development, …

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Apr 11, 2024 · A proposal from Mayor Brandon Johnson to borrow $1.25 billion during the next five years to fund a wide-ranging slate of projects designed to expand the supply of affordable …

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Mayor Johnson Announces $1.25 Billion Commitment To …

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Feb 21, 2024 · CHICAGO — A planned $1.25 billion bond issuance announced by Mayor Brandon Johnson today would restructure the City of Chicago's approach to equitable …

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Housing And Economic Development Bond - City Of Chicago

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In total, this represents upwards of $3 billion of investment in the City of Chicago, including more than $1.75 billion in economic development investments and $1.25 billion in housing …

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Chicago Mayor Brandon Johnson Pitches Borrowing $1

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Feb 21, 2024 · Chicago Mayor Brandon Johnson introduced a plan at Wednesday’s City Council meeting to borrow $1.25 billion to fund affordable housing and other development projects …

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Johnson Administration Faces Scrutiny Over $1.25B Borrowing Plan …

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May 11, 2024 · CHICAGO (WLS) -- Chicago City Council is moving forward with Mayor Brandon Johnson's plan to borrow more than a billion dollars to fund an array of economic programs. …

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Mayor Johnson's Plan To Borrow $1.25 Billion For Development …

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Mar 24, 2024 · Mayor Brandon Johnson’s plan to borrow $1.25 billion for economic development and affordable housing was met with both cautious optimism and “grave concern” as some …

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Mayor's $1.25 Billion Affordable Housing And Economic …

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Apr 19, 2024 · DOWNTOWN — Mayor Brandon Johnson’s initiative to overhaul the city’s tax-increment financing (TIF) program was approved by City Council on Friday, paving the way for …

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Mayor Brandon Johnson Wants City To Borrow $1.25 Billion — …

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Mar 12, 2024 · Mayor Brandon Johnson’s plan to borrow $1.25 billion to bankroll economic development and affordable housing projects is back on track for City Council approval, but …

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Proposal To Borrow $1.25B To Fund Economic Development, …

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Mar 22, 2024 · A proposal from Mayor Brandon Johnson to borrow $1.25 billion during the next five years to fund a wide-ranging slate of projects designed to expand the supply of affordable …

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City Council Approves Johnson’s $1 Billion Borrowing Plan - WBEZ …

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Apr 19, 2024, 3:01pm PST. After hours of tense and bitter debate, the Chicago City Council approved Friday two of Mayor Brandon Johnson’s top priorities: his $1.25 billion dollar …

wbez.org

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Mayor Johnson Pursuing $1.25B Bond For Affordable Housing

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Apr 12, 2024 · Johnson spelled out a revised plan to borrow $1.25 billion for affordable housing and economic development projects at a recent meeting, the Chicago Sun-Times reported. …

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Mayor Johnson’s Plan To Borrow $1.25B Gets Mixed Reception

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Mar 22, 2024 · Mayor Brandon Johnson’s plan to borrow $1.25 billion for economic development and affordable housing was met with both cautious optimism and “grave concern” as some …

wbez.org

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Mayor Brandon Johnson Offers Revised Plan To Borrow $1.25 …

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Apr 12, 2024 · A revised version of Mayor Brandon Johnson’s plan to borrow $1.25 billion to spur affordable housing and economic development projects was unveiled Thursday, though a key …

suntimes.com

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Chicago Mayor Brandon Johnson’s Borrowing Plan Raises …

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Feb 22, 2024, 2:54pm PST. Mayor Brandon Johnson’s proposal to borrow $1.25 billion to fund affordable housing and economic development raises big questions on how the city will spend …

wbez.org

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Votes Delayed On Plan To Spend $70M More To Care For Migrants, …

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Apr 17, 2024 · Despite the procedural maneuvers, the proposal to borrow $1.25 billion during the next five years to fund a wide-ranging slate of projects designed to expand the supply of …

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JOHNSON OFFERS REVISED PLAN FOR BORROWING $1.25 …

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Apr 12, 2024 · A revised version of Mayor Brandon Johnson’s plan to borrow $1.25 billion to spur affordable housing and economic development projects was unveiled Thursday, though a key …

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Mayor Johnson's Plan To Borrow $1.25 Billion Hits Another Roadblock

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Apr 15, 2024, 10:19am PST. Mayor Brandon Johnson’s plan to borrow $1.25 billion for housing and economic development initiatives hit a snag Monday in a City Council committee. Sun …

suntimes.com

FAQs about Brandon Johnson Proposes Borrowing $1.25B to Fund Economic … Coupon?

How much money does Brandon Johnson want to borrow?

Mayor Brandon Johnson wants to borrow $1.25 billion for affordable housing and economic development programs and wean the city off TIFs. Though his measure advanced to the Finance Committee, several City Council members expressed misgivings, arguing for greater oversight. ...

Why did Johnson borrow so much money for affordable housing & economic development?

Johnson’s decision to borrow so much money for affordable housing and economic development signals a fundamental shift in how such projects will be financed — weaning the city from its long-standing dependence on tax increment financing. ...

Why is Mayor Johnson investing $125 billion in Chicago?

Mayor Johnson is committed to creating a prosperous and inclusive economy that provides all Chicagoans access to jobs, housing, arts and culture, and other neighborhood amenities. In order to move Chicago closer to this vision, the Johnson administration is investing $1.25 billion over the next five years. ...

What is Mayor Johnson's housing & economic development bond?

Click here to download the strategic plan for Mayor Johnson's $1.25 billion Housing and Economic Development Bond (2024-2028). Housing is a human right. All Chicagoans should have access to safe, stable housing options, contributing to improved quality of life, economic opportunity, and community well-being for generations to come. ...

How much money will the Johnson administration invest in Chicago?

In order to move Chicago closer to this vision, the Johnson administration is investing $1.25 billion over the next five years. Made possible by a bond issuance, proceeds will be allocated toward three primary pillars: Housing; Business, Innovation and Job Growth; and Cultural and Community Assets. ...

What does mayor Brandon Johnson do?

Mayor Brandon Johnson is committed to fostering a prosperous and inclusive Chicago for all by making strategic investments in people, businesses, and neighborhoods. ...