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Chicago Sun-Times

National

Fran Spielman

City Council approves loan fund to help preserve single-room occupancy buildings

Harry Osterman Emma Mitts Lori Lightfoot Chicago

The Chicago City Council on Wednesday took action to help stem the loss of single-room occupancy buildings that, as one official put it, “are helping folks get off the street.”

Alderpersons signed off on Mayor Lori Lightfoot’s plan to create a “Single Room Occupancy Preservation Loan Program” seeded by a $5 million sinking fund administered by the Chicago Investment Corporation.

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