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Mayor Richard M. Daley today introduced 11 ordinances supporting affordable housing, business improvements, the preservation of historic buildings, the development of open space and recreational activities.

Also introduced was an ordinance that authorizes up to $18 million in bonds, $1 million in loans and $2.9 million in TIF funds for the rehabilitation of a former Goldblatt’s department store into a 101-unit supportive living facility for seniors in the City’s New City neighborhood.

The developer, Goldblatt’s of Chicago LP, plans to renovate the upper floors of the former store at 47th and South Ashland Ave. (southwest corner), which will be converted into 27 one-bedroom and 74 studio units with kitchenettes for low-income seniors in the 20th Ward. Three units will have no income restrictions.

Other amenities in the $20.3 million development will include a dining room, commercial kitchen and common area space for tenant activities. An adjacent parcel will also be developed for parking.

The ordinance also amends the land use designation in the TIF plan from commercial to residential use.

In April 2011, the City Council approved an increase to the TIF budget to support the proposed Goldblatt’s Senior Living project.