CHICAGO - The Chicago Housing Authority and the city of Chicago are working on a plan to promote minority businesses in the inner city that would involve the issuance of $56 million of bonds, according to Vincent Lane, chairman of the authority.

Mr. Lane, who was speaking at the 22d annual Council of State Housing Agencies conference here, declined to give more details on the program or type of bonds, pending a formal announcement by the city that is expected in October. But he said the plan would be "very unique."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.