title
Authorization to select Cabrini New Vision, LLC as the developer partner for the Clybourn and Larrabee site.
presenter
Presenter: Rishab Mehan, Deputy Chief Development
Recommendation
The Operating Chairman recommends that the Board of Commissioners ("Board") of the Chicago Housing Authority authorize the Operating Chairman or his designee to: 1) Approve Cabrini New Vision, LLC as the developer partner for the Clybourn and Larrabee site; 2) Enter into a Development Agreement for a mixed-finance development on the site; and 3) Execute and deliver such other documents and perform such actions as may be necessary or appropriate to implement the foregoing.
The requested action in this item complies in all material respects with all applicable Chicago Housing Authority (CHA) Board policies and all applicable federal laws. Staff have completed all necessary due diligence to support the submission of this initiative.
Funding
This action does not commit CHA funds to the developer partner. Following a Board action on the recommended Developer Selection, CHA's Development Department will begin pre-development activities, including detailed financial underwriting to determine the type and extent of any CHA funding that may be required to facilitate redevelopment at this site. Those terms, including details of the proposed site plan, will be brought to the Board of Commissioners for a separate action.
Background
The Chicago Housing Authority (CHA) issued a Request for Proposals (RFP) on March 26, 2025, seeking qualified development team(s) for the planning, design, financing, development, and management of a new mixed-income residential community at the site located at Clybourn and Larrabee in the Cabrini-Green area. The RFP was issued under court-ordered requirements relating to the Cabrini Consent Decree.
The site consists of approximately 7 acres of vacant, graded land, located in Chicago's Near North Community Area within the 27th Ward, with a general addr...
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