No that's literally what they're doing

Ald. Stephanie Coleman (16th Ward), the chair of the Chicago City Council’s Black Caucus, said the subcommittee is likely to be part of the City Council’s Committee on Contracting Equity and Oversight, which is led by Ald. Emma Mitts (37th Ward). That panel will meet for no more than a year, and then transition to a full commission, Coleman told WTTW News.

Edit: I'm going to go back on this specific criticism, as has been pointed out by other commenters, this committee has voiced their intentions to model their program after Evanston, which began with means-testing assistance but had a 2nd phase which instituted "$25,000 in no-strings-attached direct cash payments for those eligible. Black residents who lived in Evanston during a 50-year period of discriminatory zoning laws and their direct descendants receive priority for eligibility."

There's still plenty to criticize around the inefficiencies and contradictions of reparation attempts under liberal democracy, but I don't want to direct my ire at efforts that actually accomplish some material benefit, at least if and until they demonstrate failure. In other words, we should agitate these efforts to do it correctly, and clown on them if they end up with some means-tested liberal nonsense, but not clown on them for attempting it all.