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Article: CHICAGO MAYOR OFFICE ISSUES MAYORAL ORDINANCE REGARDING AUTHORIZING LOAN MODIFICATION FOR ARGYLE NEIGHBORHOOD DEVELOPMENT CORPORATION

Article from:
US Fed News Service, Including US State News
Article date:
August 10, 2009
Copyright

CHICAGO, July 29 -- The Office of the Mayor of Chicago issued the following text of a mayoral ordinance:

WHEREAS, the City of Chicago (the "City") is a home rule unit of government under Section 6(a), Article VII of the 1970 Constitution of the State of Illinois and as such may legislate as to matters which pertain to its local government and affairs; and

WHEREAS, the City Council of the City (the "City Council") has determined that the continuance of a shortage of rental housing affordable to persons of low and moderate income is harmful to the health, prosperity, economic stability and general welfare of the City; and

WHEREAS, the City, pursuant to the HOME Investment Partnership Program ...

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