Record #: F2014-110   
Type: Report Status: Placed on File
Intro date: 12/10/2014 Current Controlling Legislative Body:
Final action: 12/10/2014
Title: Affordable Housing Plan 2014-2018 Quarterly Progress Report (2014 Q3)
Sponsors: Dept./Agency
Topic: REPORTS - Quarterly
Attachments: 1. F2014-110.pdf
bnicaqo i-ive-rear nousina nan
Strengthening Neighborhoods — Increasing Affordability.
 
 
 
 
 
 
 
 
 
 
C3
 
 
en o
s
_T
 
 
 
2014 Third Quarter Progress Report July-September
 
 
 
 
City of Chicago wgffa Rahm Emanuel, Mayor
 
 
DPP
CHICAGO DEPARTMENT OF PLANNING & DEVELOPMENT
 
 
 
 
 
LETTER FROM THE COMMISSIONER
 
 
We are pleased to submit the 2014 Third Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth in Bouncing Back, the City's fifth Five-Year Housing Plan covering the years 2014-2018.
The Department of Planning and Development (DPD) is the lead agency for the City's affordable housing, housing preservation and homebuyer assistance programs. In the first three quarters of 2014 the Department committed almost $225 million to support 5,840 units of afFordable housing. This represents 85% of our annual resource allocation goal and 70% of our units assisted goal.
During the third quarter, the Department approved financing for seven multi-family development projects— our highest quarterly total in more than four years.
Once again, we would like to thank our many partners for their continued support and participation. We at DPD could not succeed in our work without the ongoing support and cooperation of these valued partners— neighborhood and business groups, elected officials, state and federal agencies, and other community stakeholders. Through our combined efforts, we will continue to move forward in creating, preserving and supporting affordable housing for the people of Chicago.
 
Commissioner
Department of Planning and Development
 
 
Quarter ending September 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chicago Housing Plan 2014-2018
 
 
TABLE OF CONTENTS
PAGE
INTRODUCTION
 
Creation and Preservation of Affordable Rental Units      2
Multi-Family Rehab and New Construction      2
Other Multi-Family Initiatives      6
Promotion and Support of Homeownership      8
Improvement and Preservation of Homes      8
Policy, Legislative Affairs and Other Issues      9
 
APPENDICES
  2. 2014 Estimates of Production by Income Level
  3. Commitments and Production Comparison to Plan
  4. Production by Income Level
4.      Summaries of Approved Multi-family Developments
    • Kennedy Jordan Manor
    • Sangamon Terrace Senior Apartments
    • St. Edmund's Tower Annex
    • Cicero and George Elderly Housing
    • Cornerstone Apartments
    • Milwaukee Avenue Apartments
    • The Strand
  • Multi-family Development Closings
  • Multi-family Loan Commitments
  • Multi-family MAUI Appropriations
  • Multi-family TIF Commitments
  • Low-Income Housing Tax Credit Commitments
10. Illinois Affordable Housing Tax Credit Commitments
  1. Multi-family Mortgage Revenue Bond Commitments
  2. Multi-family City Land Commitments
  3. Chicago Low-Income Housing Trust Fund Commitments
  4. Troubled Buildings Initiative I (Multi-family)
  5. City Lots for City Living
  6. TIF Neighborhood Improvement Program (Single-family)
  7. Historic Chicago Bungalow Initiative
  8. Neighborhood Lending Program
  9. Neighborhood Stabilization Program Activity
  10. Status of Neighborhood Stabilization Program Properties
  11. Affordable Housing Opportunity Fund
  12. Affordable Requirements Ordinance
  13. Density Bonus Commitments
  14. CHA Plan for Transformation Commitments
 
 
REFERENCE
  1. Chicago Metropolitan Area Median Incomes
  2. City of Chicago Maximum Affordable Monthly Rents
 
 
Quarter ending September 2014
Chicago Housing Plan 2014-2018
 
INTRODUCTION
 
 
 
 
 
 
 
his document is the 2014 Third Quarter Progress Report on the Chicago Department of Planning and
Development's housing plan, Bouncing Back: Five-Year Housing Plan 2014-2018.
 
For 2014, DPD has projected commitments of more than $265 million to assist nearly 8,300 units of housing.
 
 
Through the third quarter of 2014, the Department has committed almost $225 million in funds to support more than 5,800 units, which represents 70% of die 2014 unit goal and 85% of the 2014 resource allocation goal.
 
won
Quarter ending September 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chicago Housing Plan 2014-2018
 
CREATION AND PRESERVATION OF AFFORDABLE RENTAL UNITS
In 2014, the Department of Planning and Development expects to commit almost $210 million to support more than 5,600 units of affordable rental housing using loans for new construction or rehab along with rental subsidies.
 
Through the third quarter, DPD has committed over $195 million in resources to support 4,259 units. These numbers represent 93% of the annual multi-family resource allocation goal and 76% of the annual unit goal.
 
Multi-Family Rehab and New Construction Kennedy Jordan Manor
On July 30 the City approved a financial assistance package to enable construction of a 70-unit affordable apartment complex for seniors in West Pullman.
 
Kennedy Jordan Manor, to be developed by Source Works Development, will contain eight studio and 62 one-bedroom units in a four-story elevator building at 825 W. 118th Street in the 34th Ward. All but five of the units will be reserved for tenants earning up to 60 percent of area median income.
 
The $18.4 million development will include an atrium, fitness center, community room, computer work station, laundry facilities on each floor and a landscaped walking trail featuring native plants. The City will provide a $4.5 million loan, $1.5 million in Tax Increment Financing, and $1.2 million in Low Income Housing Tax Credits that will generate $12.2 million in equity for the project.
 
 
 
 
 
 
2
Quarter ending September 2014
 
 
 
 
 
 
Chicago Housing Plan 2014-2018
 
Sangamon Terrace Senior Apartments
 
Also on July 30 the City Council approved financing for the construction of an $8.7 million apartment building in Englewood serving independent seniors at or below 50 percent of area median income. Sangamon Terrace Senior Apartments, to be developed by Evergreen Real Estate Services, will contain 24 one-bedroom apartments in a four-story structure at 6145 S. Sangamon Street in the 16th Ward.
 
 
'(mm
mm*
 
The new building will be connected by a hallway to an existing senior residence, Bethel Terrace, and will share staff and services with the older building. City support will include a $1.4 million loan, $3 million in tax credit equity and $5.9 million in bond financing. The project has also been awarded a $3.9 million grant from HUD's Section 202 Program, which provides financing for the development of affordable housing with supportive services for the very low-income elderly.
 
 
 
St. Edmund's Tower Annex
 
A third project approved on July 30 will involve the construction of a 34-unit addition to an existing Section 202 senior residence in the Washington Park neighborhood. The St. Edmund's Tower Annex will be developed by St. Edmund's Redevelopment Corporation on a City-owned vacant lot at 6151 S. Michigan Avenue in the 20th Ward.
C3;:
£3 ;-.-'i£3EJ-.
Mi
,~3 ■"■3-
■S3 rX'EPJ^'T^rJD'l,
u
 
The five-story, $6.6 million complex will include a community room, laundry facilities, a garden and office space. All units will be leased to seniors at or below 50 percent of area median income. The land, valued at $180,000, will be conveyed by the City for $1. The project will also be supported with $77,000 in donations tax credit equity, along with state and federal grants, including $5.9 million from the HUD Section 202 Program. It will be constructed next to St. Edmund's Tower, a 59-unit building completed in 1998.
 
 
Quarter ending September 2014
 
Chicago Housing Plan 2014-2018
 
Cicero and George Elderly Housing
 
 
On September 10, the City Council approved the development of a six-story, 70-unit apartment building for seniors in the Belmont Cragin community. Cicero and George Elderly Housing, located at 4800 W. George Street in the 31st Ward, will feature a mix of studio, one- and two-bedroom units as well as a community room, exercise/wellness room, atrium, terrace, community garden and laundry room. Sixty-one of the units will be reserved for tenants earning up to 60 percent of AMI and eight for those up to 80 percent of AMI.
 
City assistance will include $4 million in TIF funds, a $4.9 million loan and $1.2 million in Low Income Housing Tax Credits generating $11.8 million in equity for the development. Additional funding sources for the $21.6 million project will include state and federal grants. The developer is Hispanic Housing Development Corporation.
 
Cornerstone Apartments
Also on September 10 the Council approved a $15.5 million, multi-site construction and renovation project in Grand Boulevard that will encompass the rehabilitation of 45 affordable family apartments and the construction of 14 affordable units for artists.
 
The new units will consist of one-and two-bedroom apartments in two 3-story structures to be erected on vacant land in the 600 block of E. 50th Street in the 4th Ward. These units will be designed to serve as live/work spaces for artists earning up to 80 percent of AMI.
 
The rehab work will be focused on a pair of three-story walk-up buildings located at 731 E. 50th Place and 4950 S. Langley Avenue. Both buildings will receive new windows, floors, roofs, kitchens and bathrooms. The upgraded units, ranging in size from one to three bedrooms, will be leased to residents earning up to 60 percent of area median income.
 
City assistance for Cornerstone Apartments will include $2 million in TIF funds, a $1.3 million loan, $1.6 million in Donations Tax Credit equity and $9.5 million in Low Income Housing Tax Credit equity. Developer of the 59-unit project is The Community Builders, Inc.
 
 
 
These two apartment buildings, constructed in the early 1900s and renovated in the 1990s, will receive $4.6 million in improvements to provide 45 units affordable to families at up to 60% of AMI.
 
4
Quarter ending September 2014 k|
 
Jt
Chicago Housing Plan 2014-2018
 
Milwaukee Avenue Apartments
In a third project approved on September 10, the City will provide $1 million in TIF funds for the construction of a 32-unit supportive housing complex in Avondale. The $9.7 million development, located at 3060 N. Milwaukee Avenue in the 30th Ward, will offer affordable, barrier-free apartments designed to allow residents with mobility and sensory impairments to live as independently as possible.
 
Milwaukee Avenue Apartments will consist of 25 one- and 7 two-bedroom units in a four-story, brick-veneer building. All units will be affordable for tenants at or below 60% of AMI. The project will feature an ADA-accessible garden with raised beds and paved surfaces. Onsite support will include personal care and other health and wellness services to maximize tenants' independent living.
The project developer is Full Circle Communities, Inc., a non-profit entity dedicated to eliminating barriers to housing. Additional funding and tax credits will be provided by the Illinois Housing Development Authority.
 
The Strand
A final project approved on September 10 will create 63 rental units in a landmark, 99-year-old hotel building at the intersection of 63rd Street and Cottage Grove Avenue in the 20th Ward.
 
The $22.9 million rehabilitation by Historic Strand LP will be made possible through $2.7 million in Tax Increment Financing (TIF), a $4.7 million loan, $3.3 million in historic tax credit equity, $294,000 in donations tax credit equity and $1.2 million in Low Income Housing Tax Credits generating $12.4 million in equity for the project.
 
 
After renovation, The Strand will contain a mix of studio and one-bedroom apartments along with ground-floor retail space. Fifty-three of the units will be made available to residents earning up to 60 percent of area median income.
The five-story structure was placed on the National Register of Historic Places in 2013 as the only remaining residential hotel building of its type in Woodlawn. Acquired by the City via tax foreclosure in 2002, the property will be conveyed to the developer for $ 1.
The vacant, Classical Revival-styled Strand Hotel will house 63 studio and one-bedroom apartments following a $23 million, mixed-use redevelopment.
 
5
Chicago Housing Plan 2014-2018
 
 
3*5
Quarter ending September 2014 S&
 
Other Multi-Family Initiatives
 
Chicago Low-Income Housing Trust Fund Update
 
On September 11 the Chicago Low-Income Housing Trust Fund hosted more than 300 leaders to mark 25 years of success in creating affordable housing opportunities for Chicago's low-income residents. The occasion brought together non-profit organizations, public officials, landlords, the research and foundation communities, as well as private developers in a warm tribute to the past, present and future of the Trust Fund. The celebration recognized the Trust Fund's partners in this work who have contributed to past successes and remain vitally important to the future of the City and the well-being of its lower-income residents.
Honored at the event were Jackie Taylor Holsten and Peter Holsten of the Holsten Real Estate Development Corporation, who received the Douglas C. Dobmeyer Partnership Award for their work in creating affordable housing opportunities, including their current project—the preservation of the Lawson House YMCA on the Near North Side.
The contributions of Thomas J. McNulty and the attorneys at Neal Gerber and Eisenberg LLP were also recognized. Mr. McNulty has provided 25 years of volunteer service to the City and the Trust Fund as its president, and the firm provides pro bono legal counsel to the Trust Fund.
The Chicago Low-Income Housing Trust Fund works to bridge the gap between the cost of market-rate rental housing and the rate a low-income household is able to pay. Its Rental Subsidy Program (RSP) is the largest municipally funded rental assistance program for low-income households in the nation. Currently there are nearly 2,800 households benefiting from the RSP living in more than 600 properties across the city.
 
 
 
 
 
WINGS Metro LLC
 
On September 9 the Trust Fund approved a grant of $400,000 from the Affordable Housing Opportunity Fund to create three 2-bedroom rental units for survivors of domestic violence. WINGS Metro LLC is the first domestic violence shelter program created in Chicago in over ten years. Greater Southwest Development Corporation and WINGS Program Inc. are partnering in the development of this new community-based resource for Chicago families.
 
These extended-stay units are designed to afford survivors of domestic violence an opportunity to stabilize from the trauma they have experienced while implementing plans for family and economic stability. The apartments will provide a home environment with access to services for families at or below 15% of AMI.
 
6
Quarter ending September 2014
 
 
Chicago Housing Plan 2014-2018
 
TIF Purchase/Rehab Program Reaches Milestone
 
In August the TIF Purchase Rehab Program began lease-up of the first multi-family property restored under the program. The building, located at 1860-66 S. Komensky in the 24th Ward, was fully rehabbed by Pangea Properties using $735,319 in TIF funds. Of the building's 26 units, thirteen (50%) are required to be maintained as long-term affordable for households at or below 50% of AMI. DPD celebrated the full lease-up of the property at a ribbon-cutting ceremony on October 28, joined by Alderman Michael Chandler, the Sweet Home Coalition, Community Investment Corporation and Pangea Properties.
 
The TIF Purchase Rehab Program offers forgivable loans or grants to developers for purchase and rehab of 5- or more-unit rental properties to be leased to low- or moderate-income tenants. To qualify for funding, a property must be vacant, require substantial renovation and be located in an approved TIF. TIF Purchase Rehab is currently operating in four TIF Districts: Ogden/Pulaski, Humboldt, Division/Homan and Chicago/Central Park.
 
BEFORE
 
 
 
 
 
 
 
This four-story apartment building in the Ogden/Pulaski TIF District was the first to be completely rehabbed under the TIF Multi-family Purchase Rehab Program
 
7
Chicago Housing Plan 2014-2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ending September 2014 @£S
 
PROMOTION AND SUPPORT OF HOMEOWNERSHIP
In 2014, the Department of Planning and Development expects to commit over $41 million to help more than 650 households achieve or sustain homeownership.
Through the third quarter, DPD has committed nearly $18 million to support 273 units. These numbers represent 44% of the annual homeownership resource allocation goal and 42% of the annual unit goal.
 
 
IMPROVEMENT AND PRESERVATION OF HOMES
In 2014, the Department of Planning and Development expects to commit nearly $15 million to assist more than 2,000 households repair, modify or improve their homes.
Through the third quarter, DPD has committed more than $11 million to support 1,308 units. These numbers represent 75% of the annual improvement and preservation resource allocation goal and 65% of the annual unit goal.
 
Large Lot Program Expands to East Garfield Park
Building on the successful launch of the Large Lot Pilot Program in Englewood, Washington Park and Woodlawn this past March, DPD expanded the program to the East Garfield Park community starting July 1, enabling homeowners, block clubs and non-profit groups to purchase City-owned land for $ 1 per parcel.
To qualify for the program, applicants must: own property on the same block as the parcel to be acquired; be current on property taxes; and have no financial obligations to the City. Lots proposed for purchase from the city must be vacant and zoned residential (R). Properties are sold "as is" via quit claim deed. Eligible applicants may purchase up to two parcels under the program.
More than 400 property owners submitted applications in the first round of the program. In August the Chicago Plan Commission authorized the sale of 322 parcels, clearing the way for City Council approval later this year.
In July over 400 East Garfield Park lots were made available in the second round of the program. In response, 319 purchase applications were submitted and are now being reviewed by DPD staff.
The Large Lot Program is the first initiative launched by the City under its new Five-Year Housing Plan for 2014-2018.
 
8
Quarter ending September 2014
 
 
 
Chicago Housing Plan 2014-2018
 
POLICY, LEGISLATIVE AFFAIRS AND OTHER ISSUES
 
Chicago Foreclosure Filings Continue to Decline in 2014
A recent report by the Woodstock Institute found that new foreclosure activity continued to decline in Chicago during the first half of 2014. Overall, foreclosure filings dropped by 34.4% to 3,950 from 6,021 the previous year. This decline reflects a comparable slowdown across the entire six-county region, where filings fell by 37.7%. All but four of Chicago's 77 community areas shared in this trend.
 
Foreclosure auctions, which represent the completion of the foreclosure process, also declined in the first half of 2014, but at a less dramatic pace. Citywide, completed foreclosure auctions decreased by just 20.6% to 3,762 in 2014. Here the decline within the City actually exceeded the six-county reduction of 16.7%.
 
For more information on the report, please visit the Woodstock Institute website at: http://wwtu. woodstockinst. org/research/foreclosure-updates.
 
Neighborhood Stabilization Program Update
In March 2014 the City of Chicago achieved full compliance with all HUD deadlines for utilization of a total of $169 million in NSP grants awarded since the program began in 2009. The City will continue to invest in NSP targeted areas by using the income generated through sales of NSP properties to fund the acquisition and rehabilitation of additional buildings.
 
Through the third quarter of 2014, a total of 858 units in 193 properties have been acquired using funds from Chicago's three NSP grants. Construction has started on 806 units in 166 properties; 727 units (148 properties) have been finished or are nearing completion. One hundred thirty-six units (103 properties) have been sold to qualified homebuyers, and 27 multi-family properties containing 382 units have been fully rented out. A list of all properties that have been assisted through NSP can be found in the Appendix. A recent version of this list is always available at http://www.chicagonsp.org/index.html.
 
 
 
 
 
 
 
 
 
 
 
Chicago Housing Plan 2014-2018      9      Quarter ending September 2014 m
 
APPENDICES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -1
 
1
 
o: ui
fc
Z 3
 
 
 
 
o o
 
o lo
 
CN
l>
a? o o
cn io
■o; co
 
 
 
o
00
IV.
O
m
 
 
 
CN
UJ
o (J z
a* o so
O i 03 LO s3; rv.
 
 
 
z
3
a? o lo
CN i—
: O- CO
! CN ■—
 
LO
O O ID
 
 
 
s3l-*r
a? o
CO
CO .— O
S3
LO
CO
 
 
 
ae m
S3 CN CN
o
O S3
 
 
 
oooooo oooooo oooooo
o~ o o o" o" o" oooooo-<> o o^ co p_ o
S3 O 0~ CO S3 >—
•o >o -«t
CN O
 
CN
 
O CN
 
 
M W        W V)
 
3
O T3
2
u
 
to
LU
>
 
 
z
o
I—
u
Q
o
oc
Q_
o z
CO
o
X
z
      I
z
LU
 
CQ
oc O
 
 
UJ CO LU
oc
CL.
Q Z <
LU
<
cc U
O
 
(J
CO
cr
U
x      j;
g -° o o
-1 T3
^ fe it
■I      I
g      <S
§      §"
—      CO
K   u   J ._ ."t
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i o o £t. »> l<iX
 
 
 
 
 
 
 
 
□;
E o
5
ii
 
 
 
 
CO
 
o o
oc
Cu
      I
i<
Z
LU OC
m
oc O
 
2
o
 
 
Appendices - 2
 
O  O >r
i— . CO , CN ,
1 O ! O ; CN I CN
0      ; O
01      o
o! o cn . o
1
NO
CO CN
oo
 
 
 
aS + o
CO
o
CO
 
o
 
LO
 
CO
co
 
 
rv. O
 
O
oo
5 O u z
>-m
 
Z
as o
S3
 
a? o m
 
 
 
I I
as o
CO
 
as
 
 
 
So z £
 
 
 
 
 
 
o o o: o o
LD
 
 
 
 
 
 
O O
! o o~ o o
00 o
: CN
 
a- oo u") i
 
 
o;o o
0;0 O OOO
OiO O O
io
o
 
 
o o
CN
o
CN CO
.a
CN
 
N3 CN
(A
LO
o j*x
O LiJ
y to o
X
O O
O IO
O p_ lo'Ioo
CN '■—
 
 
 
 
o I o oo ojo o~ o
O S3 O- Iv.
O      O
o      o
u->      UI
N      CN
O
o o
CO
in
 
 
 
o o o
N3 Iv.
CN
CO
 
 
 
■SI
 
OO UJ
> !<
 
z
o
I—
u
3 Q
0 ot
Q_
o
CO
o
x
 
 
X
UJ
Z
o
LU
o
I
o □_
CL.
D oo
Q Z <
O 2
c o
c
3
E E o u o
CO
□
U
 
 
 
 
 
 
 
J5 o o
1
 
 
 
 
 
 
 
 
 
E □
co o
 
 
 
 
E
A
co
1!
-a ! fc c o
 
 
.9 "5
.t= N
C r=
j _Q
as
c to
3 ; O -a o
0) _Q
-Q -c
3 CO O
9 i 9 i »
 
 
 
 
 
 
 
 
 
E □
"5>i
 
 
 
 
 
 
 
 
 
E o
CO
o
 
 
 
 
 
E o X
1 CL. Oi
s.
E □
CO
o
 
 
 
 
 
 
 
 
a- I UJ
lu a> >. E
 
 
"6 <*
S-i °>
LV ■ c
a;
_c o
U : 0)
o 1 &
T3 C C 0) O CO
o> E
0£. . UJ
 
 
 
 
 
 
 
o!
cl
 
•81
 
 
JS; >.
 
u ; ■ u ! _0)
< CO LO
 
 
 
 
 
 
 
 
 
 
 
CO
p      u
tt      i
CO      o
c      .-E
TJ _E
-1 J3
o co o c
 
raj o 'a)' !2 Z.X
CO
LU >
 
 
 
 
 
U 3 O
O at
 
<
_f
i<
o
\— Q Z
o
 
 
 
CO LU
>
 
 
>-u z
LU
3
LU
§
 
 
 
 
 
a>: col
CO 0) C I w
"Si 3 </>. o
§!U o
U E □
co g
Q_
CD
 
 
 
 
to
LU >
 
 
>-
u z
LU UJ
 
 
 
2
o
 
Appendices - 3
 
 
I
 
 
 
 
 
>■ o
 
1°
 
 
 
 
 
 
 
 
o o o in -O ■ r~~
 
m z o =>
 
2 8
as o
 
I** — CO f> CO <w — CO
 
 
 
n      o      i-
n      <o      oj
Pv      C?      .-
O      «i      ri i
>— CD CD I O O Cl I
-o t>T o tn !in
 
o o o o o o o~ o" o o
oooo oooo oooo o o d o oooo n i/i in o V ^ V o*
o o o o o o o" o"
 
 
 
 
LU >
c c c c
3    3    3 3 < CD —
! 'Hi-
!      3   3 3
I 31":
 
 
 
5 11
Z
O
3
D
9
o z
co ZD
o
x
  1. O £
  2. <J < i=
 
 
 
 
 
 
1 E =3 .5
 
 
Appendices - 4
 
 
at <
' p
 
 
z =>
 
 
 
 
 
a
LU
be
m z O 3
 
3 8
as O
 
 
 
 
 
CO CO
o in oo
 
 
 
 
 
 
 
3 1 CO m ro
 
cr ■a
 
o
CN CO CN
 
it
i
 
 
CO LU >
 
E E
z O
u
ZD Q
g
Ol.
o z
CO
o
x
 
 
 
 
 
 
o
O
 
 
E;
E
 
ill
* Mi
>
 
 
 
I
Q Z
0
 
Appendices - 5
 
n
LO LO
o
o
LO CN
 
CN
ae + o
 
c o
u
UJ TJ
c o
 
't/>
O I
 
 
 
 
 
 
 
c
0)
o
CN
o"
CO
> ^
I o
— "e >■ £
CQ Q. 0)
Z 00
o
C V
E t o
Q.
CD
Q
i— ^
 
 
 
Ott Q_
o o
 
as o
GO
 
as o
ND
i
in
a? o m
i
 
as o co
 
ae to
 
 
 
 
 
 
to
UJ
>
 
 
 
z
o
r-
u
Q
2
Q_
o z
to
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 CO
i-S
D
o
X
0>
: E
: O
£
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
cz o
B c o
~D
o
 
 
-rj
0)
co
'to 3
o
X
u
 
 
c o co
a>
3      CZ 0)
!F,      ° -O
>      -3 -S
°*      O
4)      'c tt
CO      t 5
t      ~ o
O      3 .E
S      S =
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
a
5 u
u :
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CO
2 els'.
 
O Q.
 
 
 
 
 
 
 
 
 
 
 
■3.1 S 5
611
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
_o o
 
- +
■=l 0) 1/1
CO o 3
o
CO
tv. CN CO
CO CO
-«»■
 
 
O NO CN
 
 
CN
 
 
CN CO
CO
 
 
CN CO
 
 
tv. CO
 
 
 
 
 
o o
CO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
to
 
O O
Oi Q_
      I
i<
Z
UJ
at
UJ
_i
ca < Q
oi.
o
 
i<
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CO
 
 
 
 
 
-O
 
 
Appendices - 6
 
CO
o
00
 
a? + 5
CN CN
 
ae o o
 
ae o
00
CO T O CO
-O CN
O CN
 
 
 
00 CO I
 
c
0)
 
>      Z\ *
Q      uj o
E      ^ o
o      U n
  1. y i
  2. >- I
  1. co g.
  2. o ^
-      y §
c      Q °
s      o
■c      °*
O      °-
Q. Q>
Q
 
ae o
5
ae o m
O u z
 
z
3
 
ae o
CO
 
ae in
 
 
 
 
 
 
CO
LU >
 
 
 
 
 
u
3 Q
2
o_ O
z
to 3
o
x
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i
LU
z o
LU
o
x
o
CL. Q_
co Q Z <
O
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
til
3
TJ 1 C
 
c
3
E E o U o
CO
□
JZ
u
 
 
 
 
c
0)
E
(U l_
'5 cr
0)
oc:
JP
_o o -o
w O
m
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i  I I
 
 
 
 
 
E o
CO
o ct
CD (J
co oi
tft vi CO CO
c c is! 3 '5 '5
CQ j 00
-o--o
Q> CD
C . _w |
'> "tfl:
4> a> <J o
° a
3 . r O
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
E
_i co
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
c o
IJ9:
 
 
+ in CD □
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i/i Q-.1= 0)
5
 
_r: i D u JB
 
 
 
'00 .-
; CN : O
 
I I
00 NJ
 
 
 
 
 
 
 
 
 
 
 
 
 
I?'
! 0)
a. J, iv E o x
D_ Of
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
to
 
CD
 
z O
I
LU CO
 
3
o
i
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C
o
3 .a 'u
 
i
Appendices - 7
 
Appendices - 8
 
City of Chicago Department of Planning and Development
 
Summaries of Approved Multifamily Developments Third Quarter 2014
 
 
 
Kennedy Jordan Manor
Source Works Development 825 W. 118th Street
 
Sangamon Terrace Senior Apartments
Evergreen Real Estate Services 6145 S. Sangamon Street
 
St. Edmund's Tower Annex
St. Edmund's Redevelopment Corporation 6151 S. Michigan Avenue
 
Cicero and George Elderly Housing
Hispanic Housing Development Corporation 4800 W. George Street
 
Cornerstone Apartments
The Community Builders, Inc. 11 E. 50th Street 633 E. 50th Street 636 E. 50th Street 731 E. 50th Place 4950 S. Langley Street
 
Milwaukee Avenue Apartments
Full Circle Communities, Inc. 3060 N. Milwaukee Avenue
 
The Strand
Historic Strand LP 6315 S. Cottage Grove Avenue
 
 
 
 
Appendices - 9
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Kennedy Jordan Manor
 
 
 
 
 
 
BORROWER/DEVELOPER:      Source Works Development
FOR PROFIT/NOT-FOR-PROFIT: For-Profit
PROJECT NAME AND ADDRESS: Kennedy Jordan Manor
825 W. 118th Street
WARD AND ALDERMAN:      34th Ward
Alderman Carrie Austin
COMMUNITY AREA:      West Pullman
CITY COUNCIL APPROVAL:        July 30, 2014
PROJECT DESCRIPTION:      Construction of a 70-unit affordable apartment complex for
seniors in West Pullman. All but five of the units will be reserved for tenants earning up to 60 percent of area median income. The project will contain eight studio and 62 one-bedroom units in a four-story elevator building. The ground floor will contain an all-weather atrium along with a fitness center, community room and computer work area.
TIF Funds: $1,500,000
MF Loan: $4,500,000
LIHTCs:      $1,167,689 in 9% credits generating $12,212,859 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -10
 
 
Project Summary: Kennedy Jordan Manor Page 2
 
 
 
 
UNIT MIX / RENTS
 
Type
Number
Rent*
Income Levels Served
Studio
5
$345
30% AMI
Studio
3
$500
50% AMI
1 bedroom
36
$675
50% AMI
1 bedroom
21
$725
60% AMI
1 bedroom
5
Market
Unrestricted
TOTAL
70
 
 
♦Utilities included: heating, cooling and hot water
 
 
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 860,000
$ 12,286
4.7%
Construction
$13,755,500
$ 196,507
74.9%
Soft Costs
$ 2,755,374
$ 39,362
15.0%
Developer Fee
$ 1,000,000
$ 14,286
5.4%
TOTAL
$18,370,874
$ 262,434
100%
 
 
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
LIHTC Equity
$12,212,859
 
$ 35,606
66.5%
HOME Loan
$ 4,500,000
 
$ 117,380
24.5%
TIF Funds
$ 1,500,000
 
$ 94,340
8.2%
DCEO Grant
$ 158,015
 
$ 33,868
0.8%
TOTAL
$18,370,874
 
$ 262,434
100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -11
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Sangamon Terrace Senior Apartments
 
 
 
 
 
BORROWER/DEVELOPER:      Evergreen Real Estate Services
FOR PROFIT/NOT-FOR-PROFIT: For-Profit
PROJECT NAME AND ADDRESS: Sangamon Terrace Senior Apartments
6145 S. Sangamon Street
WARD AND ALDERMAN:      16th Ward
Alderman JoAnn Thompson
COMMUNITY AREA: Englewood
CITY COUNCIL APPROVAL:        July 30, 2014
PROJECT DESCRIPTION:      Construction of 24 units of affordable supportive housing for
independent seniors in a new building adjacent to the existing Bethel Terrace development. The two buildings will be connected by a hallway, enabling shared staffing and services. The four-story structure will contain all one-bedroom apartments targeted at residents at or below 50% of AMI. The project has been awarded a $3.9 million Section 202 Grant by HUD.
Tax-Exempt Bonds:      $5,900,000 (for construction financing)
MF Loan: $1,350,000
LIHTCs:      $234,463 in 4% credits generating $2,985,060 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -12
 
 
Project Summary: Sangamon Terrace Senior Apartments Page 2
 
 
 
 
UNIT MIX / RENTS
 
Type
Number
Rent*
Income Levels Served
1 bedroom
24
$900
50% AMI
TOTAL
24
 
 
♦Tenants pay cooking gas.
 
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 123,646
$ 5,152
1.4%
Construction
$ 6,394,916
$ 266,636
71.4%
Soft Costs
$ 1,559,645
$ 73,211
19.6%
Developer Fee
$ 663,999
$ 27,667
7.4%
TOTAL
$ 8,662,206
$ 373,666
100%
 
 
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
LIHTC Equity
$ 2,985,060
 
$ 35,606
34.5%
DPD HOME Loan
$ 1,350,000
0%
$ 117,380
15.6%
HUD 202 Grant
$ 3,894,600
 
$ 94,340
45.0%
Other Sources
$ 432,546
 
$ 33,868
5.0%
TOTAL
$ 8,662,206
 
$ 373,666
100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -13
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: St. Edmund's Tower Annex
 
 
 
 
 
BORROWER/DEVELOPER:      St. Edmund's Redevelopment Corporation
FOR PROFIT/NOT-FOR-PROFIT: Not-For-Profit
PROJECT NAME AND ADDRESS: St. Edmund's Tower Annex
6151 S. Michigan Avenue
WARD AND ALDERMAN:      20th Ward
Alderman Willie B. Cochran
COMMUNITY AREA:      Washington Park
CITY COUNCIL APPROVAL:        July 30, 2014
PROJECT DESCRIPTION:      Construction of a 34-unit addition to an existing Section 202
senior residence utilizing a City-owned vacant lot. The original 59-unit building was constructed in 1998. The five-story addition will contain all one-bedroom apartments targeted at residents at or below 50% of AMI. The project has been awarded a $5.5 million Section 202 Grant by HUD.
City Land Write-down: $180,000
Donation Tax Credits:      $76,500 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -14
 
I
 
 
 
 
 
 
Project Summary: St. Edmund's Tower Annex Page 2
 
 
 
 
UNIT MIX / RENTS
 
Type
Number
Rent*
Income Levels Served
1 bedroom
34
$950
50% AMI
TOTAL
34
 
 
♦Tenants pay cooking gas and electric.
 
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 1
$ -
<0.1%
Construction
$ 5,483,688
$ 161,285
83.4%
Soft Costs
$ 739,183
$ 21,741
11.2%
Developer Fee
$ 354,226
$ 10,418
5.4%
TOTAL
$ 6,577,098
$ 193,444
100%
 
 
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
DTC Equity
$ 76,500
 
$ 2,250
1.2%
HUD 202 Grant
$ 5,517,400
 
$ 162,276
83.9%
Other Grants
$ 780,881
 
$ 22,967
45.0%
Deferred Developer Fee
$ 202,317
 
$ 5,951
11.9%
TOTAL
$ 6,577,098
 
$ 193,444
100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -15
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Cicero and George Elderly Housing
 
 
 
 
 
BORROWER/DEVELOPER:      Hispanic Housing Development Corporation
FOR PROFIT/NOT-FOR-PROFIT: Not-For-Profit
PROJECT NAME AND ADDRESS: Cicero and George Elderly Housing
4800 W. George Street
WARD AND ALDERMAN:      31st Ward
Alderman Ray Suarez
COMMUNITY AREA:      Belmont Cragin
CITY COUNCIL APPROVAL:        September 10, 2014
PROJECT DESCRIPTION:      Construction of a six-story, 70-unit building for seniors aged 55
and over. The project will contain a mix of studio, one- and two-bedroom units as well as a community room, exercise/wellness room, atrium, terrace, community garden and laundry room. Sixty-one of the units will be reserved for tenants earning up to 60 percent of AMI and eight for tenants up to 80 percent of AMI.
MF Loan: $4,935,563
TIF Funds: $4,000,000
LIHTCs:      $1,150,000 in 9% credits generating $ 11,845,000 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -16
 
 
Project Summary: Cicero and George Elderly Housing Page 2
 
 
 
 
UNIT MIX / RENTS
 
Type
Number
Rent*
Income Levels Served
Studio/w bath
1
$320
30% AMI
1 bed/1 bath
7
$340
30% AMI
1 bed/1 bath
11
$470
40% AMI
1 bed/1 bath
28
$605
50% AMI
1 bed/1 bath
13
$770
60% AMI
1 bed/1 bath
5
$900
80% AMI
2 bed/1 bath
1
$850
60% AMI
2 bed/1 bath
3
$950
80% AMI
Janitor's apartment
1
 
 
TOTAL
70
 
 
* Utilities included in rent: heat, gas, sewer, water and trash removal. Tenant pays for electricity.
 
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 2,789,000
$ 39,843
12.9%
Construction
$ 15,317,800
$218,826
70.9%
Soft Costs
$ 2,488,863
$ 35,555
11.5%
Developer Fee
$ 1,000,000
$ 14,286
4.6%
TOTAL
$ 21,595,663
$ 308,509
100%
 
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
DPD HOME Loan
$ 4,935,563
 
$ 70,508
22.9%
TIF Funds
$ 4,000,000
 
$ 57,143
18.5%
LIHTC Equity
$ 11,845,000
 
$ 169,214
54.8%
Other Grants
$ 815,100
 
$ 11,644
3.8%
TOTAL
$21,595,663
 
$ 308,509
100%
 
 
 
 
 
 
 
 
 
 
Appendices -17
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Cornerstone Apartments
 
 
BORROWER/DEVELOPER:      The Community Builders, Inc.
FOR PROFIT/NOT-FOR-PROFIT: Not-For-Profit
 
PROJECT NAME AND ADDRESS:
 
 
 
 
 
 
WARD AND ALDERMAN:
 
COMMUNITY AREA:
CITY COUNCIL APPROVAL:
PROJECT DESCRIPTION:
 
 
 
 
 
 
 
 
 
 
MF Loan:
TIF Funds:
LIHTCs:
Donation Tax Credits:
Cornerstone Apartments 611 E. 50th Street 633 E. 50th Street 636 E. 50th Street 731 E. 50th Place 4950 S. Langley Street
4th Ward
Alderman Will Burns Grand Boulevard September 10,2014
Multi-site construction and renovation project featuring the rehabilitation of 45 family apartments and the development of 14 new units for artists. The new units will consist of one-and two-bedroom apartments in two 3-story structures to be erected on vacant land in the 600 block of E. 50th Street in the 4th Ward. These units will be live/work spaces for artists earning up to 80 percent of AMI. The rehab work will be focused on a pair of three-story walk-up buildings located at 731 E. 50th Place and 4950 S. Langley Avenue. These units, ranging in size from one to three bedrooms, will be leased to households earning up to 60% of AMI.
$ 1,254,887 (assumption of existing loan) $2,000,000
$950,000 in 9% credits generating $9,549,045 in equity $1,848,277 in credits generating $1,608,001 in equity
 
 
 
 
 
 
 
 
 
 
Appendices -18
 
 
Project Summary: Cornerstone Apartments Page 2
 
 
 
UNIT MIX / RENTS
Rehab Units:
 
Type
Number
Rent*
Income Levels Served
1 bed/1 bath
1
$673
50% AMI
1 bed/1 bath
1
$790
60% AMI
2 bed/1 bath
10
$778
50% AMI
2 bed/1 bath
17
$890-$949
60% AMI
3 bed/1 bath
1
$864
50% AMI
3 bed/1 bath
15
$1026-$1093
60% AMI
TOTAL
45
 
 
New Units:
 
Type
Number
Rent*
Income Levels Served
1 bed/1 bath
6
$656
60% AMI
2 bed/1 bath
1
$787
60% AMI
2 bed/1 bath
5
$1020
80% AMI
3 bed/2 bath
2
$1233
80% AMI
TOTAL
14
 
 
* Tenant pays for some utilities, based on location of unit.
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 900,337
$ 15,260
5.8%
Renovation
$ 4,590,985
$ 77,813
29.6%
New Construction
$ 5,166,931
$ 87,575
33.3%
City Loan Assumption
$ 1,254,887
$ 21,269
8.1%
Soft Costs
$ 3,594,498
$ 60,924
23.2%
TOTAL
$ 15,507,638
$ 262,841
100%
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
LIHTC Equity
$ 9,549,045
 
$ 161,848
61.6%
TIF Funds
$ 2,000,000
 
$ 33,898
12.9%
Donation Tax Credits
$ 1,608,001
 
$ 27,254
10.4%
DPD CDBG Loan
$ 1,254,887
 
$ 21,269
8.1%
Deferred Developer Fee
$ 100,000
 
$ 1,695
0.6%
Other Sources
$ 995,705
4%
$ 16,876
6.4%
TOTAL
$ 15,507,638
 
$ 262,841
100%
 
 
Appendices -19
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Milwaukee Avenue Apartments
 
 
 
 
 
 
BORROWER/DEVELOPER:      Full Circle Communities, Inc.
FOR PROFIT/NOT-FOR-PROFIT:  For Profit
PROJECT NAME AND ADDRESS: Milwaukee Avenue Apartments
3060 N. Milwaukee Avenue
WARD AND ALDERMAN:      30th Ward
Alderman Ariel E. Reboyras
COMMUNITY AREA: Avondale
CITY COUNCIL APPROVAL:        September 10, 2014
PROJECT DESCRIPTION:      Construction of 32 units of affordable, accessible, supportive
housing designed to allow residents with mobility and sensory impairments to live as independently as possible. 4-story brick-veneer building will consist of 25 one- and 7 two-bedroom units. Eleven units will be available for tenants at 30% AMI and 21 units for tenants at 60% AMI.
TIF Funds: $1,000,000
 
LIHTCs:      $706,659 in IHDA 9% credits generating $7,009,356 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices - 20
 
Project Summary: Milwaukee Avenue Apartments Page 2
 
 
 
 
 
UNIT MIX / RENTS
 
Rehab Units:
 
Type
Number
Rent*
Income Levels Served
1 bed/1 bath
8
$393
30% AMI
1 bed/1 bath
8
$787
60% AMI
1 bed/1 bath
9
$924**
60% AMI
2 bed/1 bath
3
$472
30% AMI
2 bed/1 bath
2
$944
60% AMI
2 bed/1 bath
2
$1256**
60% AMI
TOTAL
32
 
 
* Includes utilities.
** CHA project-based voucher units; tenant pays no more than 30% of income in rent.
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 385,000
$ 12,031
4.0%
Construction
$ 6,735,007
$210,469
69.4%
Soft Costs
$ 1,620,798
$ 50,650
16.7%
Developer Fee
$ 968,688
$ 30,272
10.0%
TOTAL
$ 9,709,493
$ 303,422
100%
 
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
TIF Funds
$ 1,000,000
 
$ 31,250
10.3%
IHDA LIHTC Equity
$ 7,009,356
 
$219,042
72.2%
State of Illinois Grants
$ 1,438,104
 
$ 44,941
14.8%
Deferred Developer Fee
$ 261,332
 
$ 8,167
2.7%
Partner Equity
$ 701
 
$ 22
<0.1%
TOTAL
$ 9,709,493
 
$ 303,422
100%
 
 
 
 
 
 
 
 
 
Appendices - 21
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: The Strand
 
 
 
 
 
 
 
BORROWER/DEVELOPER:      Historic Strand LP
FOR PROFIT/NOT-FOR-PROFIT:  For Profit
PROJECT NAME AND ADDRESS: The Strand
6315 S. Cottage Grove Avenue
WARD AND ALDERMAN:      20th Ward
Alderman Willie B. Cochran
COMMUNITY AREA: Woodlawn
CITY COUNCIL APPROVAL:        September 10,2014
PROJECT DESCRIPTION:      The historic preservation and rehabilitation of the former Strand
MF Loan: TIF Funds: LIHTCs:
Historic Tax Credits: Donation Tax Credits: City Land Write-down:
Hotel and the redevelopment of an adjacent vacant parcel for parking. The renovated five-story building will contain 63 studio and one-bedroom apartments, including 53 units affordable to households earning no more than 60 percent of AMI, along with ground-floor retail space.
$4,709,618
$2,000,000
$1,240,507 in 9% credits generating $12,403,829 in equity $3,373,825
$337,500 in credits generating $293,750 in equity $675,000
 
 
 
 
 
 
 
 
 
Appendices - 22
 
Project Summary: The Strand Page 2
 
 
 
 
 
UNIT MIX / RENTS
 
Type
Number
Rent*
Income Levels Served
Studio
3
$525
60% AMI
Studio
9
$625
Market
1 bedroom
10
$575
50% AMI
1 bedroom
40
$674
60% AMI
Resident Manager
1
 
 
TOTAL
63
 
 
* Tenants pay electricity.
 
DEVELOPMENT COSTS
 
Category
Amount
Per Unit
% of Project
Acquisition
$ 1
$ --
<0.1%
Construction
$ 15,885,157
$252,145
69.3%
Soft Costs
$ 6,034,654
$ 95,788
26.3%
Developer Fee
$ 1,000,000
$ 15,873
4.4%
TOTAL
$ 22,919,812
$ 363,807
100%
 
 
PROJECT FINANCING
 
Source
Amount
Rate
Per Unit
% of Project
DPD HOME Loan
$ 4,709,618
 
$ 74,756
20.5%
LIHTC Equity
$ 12,403,829
 
$ 196,886
54.1%
Historic Tax Credits
$ 3,373,825
 
$ 53,553
14.7%
Donation Tax Credits
$ 293,750
 
$ 4,664
1.3%
TIF Funds
$ 2,000,000
 
$ 31,746
8.7%
Other Sources
$ 138,790
 
$ 2,203
0.6%
TOTAL
$ 22,919,812
 
$ 363,807
100%
 
 
 
 
 
 
 
 
 
 
 
 
Appendices - 23
 
I
 
 
E
E o
i
c o
 
C
o o
a> ■a
c =5
c o
u
D
C
o u
tu
TJ
c ZD
C
o
u
 
c o o
"D
c ZD
C
o
 
C
o
u
(1) TJ C
D
cz o
u
ZD
C
o
CO TJ C
ZD
 
 
 
 
 
CO
o
c Z
lO o —i
]U°
ul---
Q Z °
-o "
c
c >
o>0 E .£ _j .2
_ a>
Q- Q I
IS*
III
© •-: Q3
O
Q
CD #C 'So
_o u
 
o
a
I
a c
3
o U
U
 
 
c ZD
O CN
CN
 
 
 
 
 
 
O CM
CO
O CN
 
 
 
 
 
 
 
 
o
CO CN
 
 
 
 
 
N3
o
 
 
 
CN
 
O
CN
CO
 
 
 
 
 
 
 
o
CN
 
 
 
 
 
 
 
m
N3
 
 
o
CN
 
O
CN
 
 
 
 
 
 
 
O CN
 
CN
 
 
 
 
 
 
 
 
 
CN
o
CN
NO CN
 
 
 
 
 
 
o
CN
o co
 
 
 
 
 
 
 
 
 
o
CN
 
 
 
 
 
a>
E a. _o
I
a
 
 
 
 
 
U
 
 
TJ c
V CD
 
 
 
I
c o
TJ
o
a>
 
D
c o
E t o
CL <
c a)
(75
a o_
c _a
"D
o o
 
 
 
 
a; u o
 
o E
Zj
jZ
 
 
X
c c
<
 
o
TJ
c
3
E
 
CO
 
 
 
 
 
 
 
Appendices - 24
 
CO
2 +
i— o oo o
 
o
CO
CN
CO
01
>
OJ _1
CO
E o u c
>.
c Z3
 
-o §
 
in no
 
z: o
CO if)
 
 
o
CO
 
o
CN
co
 
 
CO NO
 
 
o
CN CN
O
m
 
o o
CO
 
o >o
 
o
lO
O riz
55
 
o
NO
o
CO SO
N.
in
 
 
c
D O
£ < c o o
 
D
 
 
 
TJ TJ <
"D o
 
o E
 
 
 
 
 
CL
_o
CU > CD
Q
o o o o" o
CO
 
 
o
CN
 
tu > o
o
to
CD
a
*= o
u
 
TT
 
 
_C0 -Q
a
TJ
o
5
.2      —
O      CO
ct      .E
CO      «
cn      3
<B      O
ct      X
o o o
o" o
 
 
 
1^
CN
 
 
 
 
TJ
c
c -5
O CU
!i2 io
 
 
O- IT) IO .—
•»t r-
 
 
 
 
 
 
co
TJ
o o o
o o in
 
 
 
CO
 
 
 
 
 
co
JZ CO
 
m
CN CO
c
CO
E
CL
o
CO
a
 
 
 
o
CO
o o C5 o" m
CO
 
 
 
 
 
 
 
 
o E o
Ol
c o to
 
 
 
 
 
 
 
o
to oc
C
to
CO
CO
cd .y
CO t
> CO UJ CO
CO NO
uo
CO
o
 
 
 
 
 
 
 
 
to
CO CO
o
co
o
o o oo
 
 
 
CL
■i u
E      g
y      a
c      o
8      p
« CO
X Q
00 CO
m
CN
 
 
 
 
 
 
 
 
 
 
o
 
 
 
 
TJ
 
c
D
E E o U
CO
 
 
o
 
 
 
o
CN
 
 
co > o
O
CO
co
o U
to m co
NO
 
 
 
 
TJ c □
00 NO
o o~ m
 
<u E o Z
"c tu
E
CL
_o
(U >
tu Q
 
 
o 2
3 CL
 
 
to
CO
 
 
o I—
TJ
o
 
 
 
 
TJ c
CN
 
a
c a
TJ
>.
TJ CO c c to
 
TJ CO
 
CO CO
 
 
O c E g
-I
c 2 □ Q-
lO <
 
TJ CO
CO TJ
CO Ol i_
o
to
o
TJ
c o
CO z>
.y o
 
TJ CO
 
co E t o a. < co c O
 
o
 
TJ CO
 
 
 
 
 
 
to
CO JZ
 
TJ CO
 
 
 
 
 
 
 
 
 
i<
o
 
-25
Appendices
 
~   CD —)
•o
1
co;
;
■■>; O _l
t» E. o o
c ■
 
 
 
S3
 
 
> •o. 8 '&
■fit
= S
^ S is 2
2.01
 
 
 
 
 
O 3
 
 
 
 
■ S
■VO ■
 
-o
1"
jo.: o
r» I.
0.
'■e :
a
t;
o
0-
 
 
 
Q a;
■.- ■<
o oo
CO
o
co co co «y>
E P
 
 
 
 
 
 
 
 
N-O ■tf </»
s
co «/»
E
E o
2
"O CD
m
CO
 
 
 
 
O
o o cf o in
 
 
 
 
m
 
cu
CO
o
CN O
 
 
 
 
 
_l      oi      S
£      o
£      55      £-
CD      o      °
*      I      °
O      jz      c
J—      -      »
>,      -t      E
^      o      9-
£      £      fj
e»      5
 
 
 
 
 
 
 
 
o o
CN
<y> o
o o cn
 
 
E o 2
13 CD
m
 
 
 
 
o
O
■■■©
o_ o"
O
 
 
 
 
 
 
 
 
 
 
 
 
 
o
u § z\ i
—1 o
O CD 1- > ♦J CO
o.
«j Q
"co
tO "
o 1
Z D
3
IS
.£:■ o
a
.■■■Cv
■:3 ■
2: P
— o
CO
 
 
 
 
Appendices - 26
 
CN
co
 
 
CO CO CM
 
 
 
 
 
 
 
 
 
 
 
 
 
oo o
 
•tf oo o
 
03
■tf
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CM I
o cn
CO
 
co
 
c
zs
5 < 2
co
•tf
TO
c
U
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
f-o co co"
u
 
 
 
o
o u
c
5 <
 
CO
c
O CO Cl _0
o a
c CO
E "a
CD VI
o ^ □ o
i- CO
o
CD nj
ji
Cl c
I'i
O CD
Ii
£ «
*- C C CD CD <-
^ I CD _0
 
 
 
Cl O Cl —
31
2 E
.2 E
 
e e
Q- E
"E g>
 
•E-S 42 E
cd e
 
 
 
 
 
 
 
 
 
 
 
 
 
o co
ct " .y
o Q ^ & f "S
CO
c
3 > (/> P
CD
c
it
o
E-g^ £ i % S "t s
<* .£t5 ■si"
J ll
= Cl ^ CD   °- LU
I o s
E i?0
«?x
CD TJ
a ni u £ ^ "
U CD CD <" T3 O   ° C
C D U U
s ■§ E
a)
tf) Q_
  1. 2
•— o_
CO
CD i_
<a
o o o
CM
TJ C □
c
CD
u
'55      f?
  1. E
O      u
1.1
O
u 0
c
to o O £
i_ CJs
ai —1 o
O "
TJ
CD .
C CD CD
3-° *
Odd c to -Q
co >-o ~
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
c
CO
E
CO k_
'd
 
5 o
 
(0
E
 
 
c o
TJ CO
 
 
TJ CO
t o a.
CO
 
CO CL O
Cl <
 
■— o
CO o
 
■ a? 5g
CN
o
CN
 
CO
o-co
o o
 
CO m
 
CO I—
z
LU |
 
o
fa,
1 2§ Q = o
 
o>^ E •E £L? ®
c — CL
c t- «o o «/>
al O ■
 
<S Z § E < c
r z -S
a u_ <u ~~
CO
 
 
 
55
c (1)
*.i
U E E o U
 
J
 
 
 
TD < tj
'o
 
 
 
 
■o o
 
o o o o~ o o o"
 
 
1^
CN
 
 
 
 
 
 
5°
 
lO i—
 
 
 
 
 
 
 
O O
o
o o
lO
 
 
 
 
 
 
 
 
 
 
 
 
lO CN GO
 
 
 
 
o
 
 
o o o
o o
CD
 
 
 
 
 
 
 
to « t? o a) O
 
o o co
 
 
 
 
iO
 
O o o o" o o
 
 
 
 
 
 
 
 
 
 
o to
 
 
 
 
CN CO
 
o o
C3
o~
O O
 
 
O CO
 
 
 
 
 
 
2
o
NJ
o
CO
 
 
 
 
CO N5
 
o o o o o o
 
 
o
CN
 
 
<
CU
> o
6
a> ra □
CJ to
lO
 
 
 
 
o o
 
o o o o~ o
lO
 
E a. o
 
U
a>
CL
_o cu > a>
Q
 
 
tt) E o Z
"c
0)
E
Q_
_o
1) > CD
Q
 
 
 
 
 
 
 
 
 
 
TJ      —
'S      $
-£      o
a      -c
D_      Q_
 
 
o
it
■i <j
x g .y o.
c o
8-1
x a
 
ra
8 ?
"I
o X o
a> ai
.y -o
U Lu
 
 
 
 
 
 
E •c
D
a <
a>
 
 
o U
 
 
 
 
 
 
 
 
<
d) c
I1
_> o
5^
 
T3 C
o </5
 
 
 
 
 
 
 
to a>
 
o
O 2 3 Q.
an.
 
 
 
Appendices - 27
 
Units by Income Level |
+
 
lO
 
 
o
CO
"tf
 
 
o
On LO
 
 
 
 
 
 
 
 
 
I
 
 
 
CO
 
 
 
 
 
 
LO
 
o>
CO
CN
■tf
o tf
CO
tf
CO
■o
 
CN
CO
tf
CN
 
•o
CN
o>
CO
o> co
CN
o
 
•tf
CN
 
o
O
LO
 
 
IO
CO
 
 
 
 
 
 
■tf CN
 
 
 
 
 
 
 
 
 
 
■
 
1bnicaqo i-ive-rear nousina nan
Strengthening Neighborhoods — Increasing Affordability.
 
 
 
 
 
 
 
 
 
 
C3
 
 
en o
s
_T
 
 
 
2014 Third Quarter Progress Report July-September
 
 
 
 
City of Chicago wgffa Rahm Emanuel, Mayor
 
 
DPP
CHICAGO DEPARTMENT OF PLANNING & DEVELOPMENT
 
 
 
 
 
LETTER FROM THE COMMISSIONER
 
 
We are pleased to submit the 2014 Third Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth in Bouncing Back, the City's fifth Five-Year Housing Plan covering the years 2014-2018.
The Department of Planning and Development (DPD) is the lead agency for the City's affordable housing, housing preservation and homebuyer assistance programs. In the first three quarters of 2014 the Department committed almost $225 million to support 5,840 units of afFordable housing. This represents 85% of our annual resource allocation goal and 70% of our units assisted goal.
During the third quarter, the Department approved financing for seven multi-family development projects— our highest quarterly total in more than four years.
Once again, we would like to thank our many partners for their continued support and participation. We at DPD could not succeed in our work without the ongoing support and cooperation of these valued partners— neighborhood and business groups, elected officials, state and federal agencies, and other community stakeholders. Through our combined efforts, we will continue to move forward in creating, preserving and supporting affordable housing for the people of Chicago.
 
Commissioner
Department of Planning and Development
 
 
Quarter ending September 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chicago Housing Plan 2014-2018
 
 
TABLE OF CONTENTS
PAGE
INTRODUCTION
 
Creation and Preservation of Affordable Rental Units      2
Multi-Family Rehab and New Construction      2
Other Multi-Family Initiatives      6
Promotion and Support of Homeownership      8
Improvement and Preservation of Homes      8
Policy, Legislative Affairs and Other Issues      9
 
APPENDICES
  2. 2014 Estimates of Production by Income Level
  3. Commitments and Production Comparison to Plan
  4. Production by Income Level
4.      Summaries of Approved Multi-family Developments
    • Kennedy Jordan Manor
    • Sangamon Terrace Senior Apartments
    • St. Edmund's Tower Annex
    • Cicero and George Elderly Housing
    • Cornerstone Apartments
    • Milwaukee Avenue Apartments
    • The Strand
  • Multi-family Development Closings
  • Multi-family Loan Commitments
  • Multi-family MAUI Appropriations
  • Multi-family TIF Commitments
  • Low-Income Housing Tax Credit Commitments
10. Illinois Affordable Housing Tax Credit Commitments
  1. Multi-family Mortgage Revenue Bond Commitments
  2. Multi-family City Land Commitments
  3. Chicago Low-Income Housing Trust Fund Commitments
  4. Troubled Buildings Initiative I (Multi-family)
  5. City Lots for City Living
  6. TIF Neighborhood Improvement Program (Single-family)
  7. Historic Chicago Bungalow Initiative
  8. Neighborhood Lending Program
  9. Neighborhood Stabilization Program Activity
  10. Status of Neighborhood Stabilization Program Properties
  11. Affordable Housing Opportunity Fund
  12. Affordable Requirements Ordinance
  13. Density Bonus Commitments
  14. CHA Plan for Transformation Commitments
 
 
REFERENCE
  1. Chicago Metropolitan Area Median Incomes
  2. City of Chicago Maximum Affordable Monthly Rents
 
 
Quarter ending September 2014
Chicago Housing Plan 2014-2018
 
INTRODUCTION
 
 
 
 
 
 
 
his document is the 2014 Third Quarter Progress Report on the Chicago Department of Planning and
Development's housing plan, Bouncing Back: Five-Year Housing Plan 2014-2018.
 
For 2014, DPD has projected commitments of more than $265 million to assist nearly 8,300 units of housing.
 
 
Through the third quarter of 2014, the Department has committed almost $225 million in funds to support more than 5,800 units, which represents 70% of die 2014 unit goal and 85% of the 2014 resource allocation goal.
 
won
Quarter ending September 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chicago Housing Plan 2014-2018
 
CREATION AND PRESERVATION OF AFFORDABLE RENTAL UNITS
In 2014, the Department of Planning and Development expects to commit almost $210 million to support more than 5,600 units of affordable rental housing using loans for new construction or rehab along with rental subsidies.
 
Through the third quarter, DPD has committed over $195 million in resources to support 4,259 units. These numbers represent 93% of the annual multi-family resource allocation goal and 76% of the annual unit goal.
 
Multi-Family Rehab and New Construction Kennedy Jordan Manor
On July 30 the City approved a financial assistance package to enable construction of a 70-unit affordable apartment complex for seniors in West Pullman.
 
Kennedy Jordan Manor, to be developed by Source Works Development, will contain eight studio and 62 one-bedroom units in a four-story elevator building at 825 W. 118th Street in the 34th Ward. All but five of the units will be reserved for tenants earning up to 60 percent of area median income.
 
The $18.4 million development will include an atrium, fitness center, community room, computer work station, laundry facilities on each floor and a landscaped walking trail featuring native plants. The City will provide a $4.5 million loan, $1.5 million in Tax Increment Financing, and $1.2 million in Low Income Housing Tax Credits that will generate $12.2 million in equity for the project.
 
 
 
 
 
 
2
Quarter ending September 2014
 
 
 
 
 
 
Chicago Housing Plan 2014-2018
 
Sangamon Terrace Senior Apartments
 
Also on July 30 the City Council approved financing for the construction of an $8.7 million apartment building in Englewood serving independent seniors at or below 50 percent of area median income. Sangamon Terrace Senior Apartments, to be developed by Evergreen Real Estate Services, will contain 24 one-bedroom apartments in a four-story structure at 6145 S. Sangamon Street in the 16th Ward.
 
 
'(mm
mm*
 
The new building will be connected by a hallway to an existing senior residence, Bethel Terrace, and will share staff and services with the older building. City support will include a $1.4 million loan, $3 million in tax credit equity and $5.9 million in bond financing. The project has also been awarded a $3.9 million grant from HUD's Section 202 Program, which provides financing for the development of affordable housing with supportive services for the very low-income elderly.
 
 
 
St. Edmund's Tower Annex
 
A third project approved on July 30 will involve the construction of a 34-unit addition to an existing Section 202 senior residence in the Washington Park neighborhood. The St. Edmund's Tower Annex will be developed by St. Edmund's Redevelopment Corporation on a City-owned vacant lot at 6151 S. Michigan Avenue in the 20th Ward.
C3;:
£3 ;-.-'i£3EJ-.
Mi
,~3 ■"■3-
■S3 rX'EPJ^'T^rJD'l,
u
 
The five-story, $6.6 million complex will include a community room, laundry facilities, a garden and office space. All units will be leased to seniors at or below 50 percent of area median income. The land, valued at $180,000, will be conveyed by the City for $1. The project will also be supported with $77,000 in donations tax credit equity, along with state and federal grants, including $5.9 million from the HUD Section 202 Program. It will be constructed next to St. Edmund's Tower, a 59-unit building completed in 1998.
 
 
Quarter ending September 2014
 
Chicago Housing Plan 2014-2018
 
Cicero and George Elderly Housing
 
 
On September 10, the City Council approved the development of a six-story, 70-unit apartment building for seniors in the Belmont Cragin community. Cicero and George Elderly Housing, located at 4800 W. George Street in the 31st Ward, will feature a mix of studio, one- and two-bedroom units as well as a community room, exercise/wellness room, atrium, terrace, community garden and laundry room. Sixty-one of the units will be reserved for tenants earning up to 60 percent of AMI and eight for those up to 80 percent of AMI.
 
City assistance will include $4 million in TIF funds, a $4.9 million loan and $1.2 million in Low Income Housing Tax Credits generating $11.8 million in equity for the development. Additional funding sources for the $21.6 million project will include state and federal grants. The developer is Hispanic Housing Development Corporation.
 
Cornerstone Apartments
Also on September 10 the Council approved a $15.5 million, multi-site construction and renovation project in Grand Boulevard that will encompass the rehabilitation of 45 affordable family apartments and the construction of 14 affordable units for artists.
 
The new units will consist of one-and two-bedroom apartments in two 3-story structures to be erected on vacant land in the 600 block of E. 50th Street in the 4th Ward. These units will be designed to serve as live/work spaces for artists earning up to 80 percent of AMI.
 
The rehab work will be focused on a pair of three-story walk-up buildings located at 731 E. 50th Place and 4950 S. Langley Avenue. Both buildings will receive new windows, floors, roofs, kitchens and bathrooms. The upgraded units, ranging in size from one to three bedrooms, will be leased to residents earning up to 60 percent of area median income.
 
City assistance for Cornerstone Apartments will include $2 million in TIF funds, a $1.3 million loan, $1.6 million in Donations Tax Credit equity and $9.5 million in Low Income Housing Tax Credit equity. Developer of the 59-unit project is The Community Builders, Inc.
 
 
 
These two apartment buildings, constructed in the early 1900s and renovated in the 1990s, will receive $4.6 million in improvements to provide 45 units affordable to families at up to 60% of AMI.
 
4
Quarter ending September 2014 k|
 
Jt
Chicago Housing Plan 2014-2018
 
Milwaukee Avenue Apartments
In a third project approved on September 10, the City will provide $1 million in TIF funds for the construction of a 32-unit supportive housing complex in Avondale. The $9.7 million development, located at 3060 N. Milwaukee Avenue in the 30th Ward, will offer affordable, barrier-free apartments designed to allow residents with mobility and sensory impairments to live as independently as possible.
 
Milwaukee Avenue Apartments will consist of 25 one- and 7 two-bedroom units in a four-story, brick-veneer building. All units will be affordable for tenants at or below 60% of AMI. The project will feature an ADA-accessible garden with raised beds and paved surfaces. Onsite support will include personal care and other health and wellness services to maximize tenants' independent living.
The project developer is Full Circle Communities, Inc., a non-profit entity dedicated to eliminating barriers to housing. Additional funding and tax credits will be provided by the Illinois Housing Development Authority.
 
The Strand
A final project approved on September 10 will create 63 rental units in a landmark, 99-year-old hotel building at the intersection of 63rd Street and Cottage Grove Avenue in the 20th Ward.
 
The $22.9 million rehabilitation by Historic Strand LP will be made possible through $2.7 million in Tax Increment Financing (TIF), a $4.7 million loan, $3.3 million in historic tax credit equity, $294,000 in donations tax credit equity and $1.2 million in Low Income Housing Tax Credits generating $12.4 million in equity for the project.
 
 
After renovation, The Strand will contain a mix of studio and one-bedroom apartments along with ground-floor retail space. Fifty-three of the units will be made available to residents earning up to 60 percent of area median income.
The five-story structure was placed on the National Register of Historic Places in 2013 as the only remaining residential hotel building of its type in Woodlawn. Acquired by the City via tax foreclosure in 2002, the property will be conveyed to the developer for $ 1.
The vacant, Classical Revival-styled Strand Hotel will house 63 studio and one-bedroom apartments following a $23 million, mixed-use redevelopment.
 
5
Chicago Housing Plan 2014-2018
 
 
3*5
Quarter ending September 2014 S&
 
Other Multi-Family Initiatives
 
Chicago Low-Income Housing Trust Fund Update
 
On September 11 the Chicago Low-Income Housing Trust Fund hosted more than 300 leaders to mark 25 years of success in creating affordable housing opportunities for Chicago's low-income residents. The occasion brought together non-profit organizations, public officials, landlords, the research and foundation communities, as well as private developers in a warm tribute to the past, present and future of the Trust Fund. The celebration recognized the Trust Fund's partners in this work who have contributed to past successes and remain vitally important to the future of the City and the well-being of its lower-income residents.
Honored at the event were Jackie Taylor Holsten and Peter Holsten of the Holsten Real Estate Development Corporation, who received the Douglas C. Dobmeyer Partnership Award for their work in creating affordable housing opportunities, including their current project—the preservation of the Lawson House YMCA on the Near North Side.
The contributions of Thomas J. McNulty and the attorneys at Neal Gerber and Eisenberg LLP were also recognized. Mr. McNulty has provided 25 years of volunteer service to the City and the Trust Fund as its president, and the firm provides pro bono legal counsel to the Trust Fund.
The Chicago Low-Income Housing Trust Fund works to bridge the gap between the cost of market-rate rental housing and the rate a low-income household is able to pay. Its Rental Subsidy Program (RSP) is the largest municipally funded rental assistance program for low-income households in the nation. Currently there are nearly 2,800 households benefiting from the RSP living in more than 600 properties across the city.
 
 
 
 
 
WINGS Metro LLC
 
On September 9 the Trust Fund approved a grant of $400,000 from the Affordable Housing Opportunity Fund to create three 2-bedroom rental units for survivors of domestic violence. WINGS Metro LLC is the first domestic violence shelter program created in Chicago in over ten years. Greater Southwest Development Corporation and WINGS Program Inc. are partnering in the development of this new community-based resource for Chicago families.
 
These extended-stay units are designed to afford survivors of domestic violence an opportunity to stabilize from the trauma they have experienced while implementing plans for family and economic stability. The apartments will provide a home environment with access to services for families at or below 15% of AMI.
 
6
Quarter ending September 2014
 
 
Chicago Housing Plan 2014-2018
 
TIF Purchase/Rehab Program Reaches Milestone
 
In August the TIF Purchase Rehab Program began lease-up of the first multi-family property restored under the program. The building, located at 1860-66 S. Komensky in the 24th Ward, was fully rehabbed by Pangea Properties using $735,319 in TIF funds. Of the building's 26 units, thirteen (50%) are required to be maintained as long-term affordable for households at or below 50% of AMI. DPD celebrated the full lease-up of the property at a ribbon-cutting ceremony on October 28, joined by Alderman Michael Chandler, the Sweet Home Coalition, Community Investment Corporation and Pangea Properties.
 
The TIF Purchase Rehab Program offers forgivable loans or grants to developers for purchase and rehab of 5- or more-unit rental properties to be leased to low- or moderate-income tenants. To qualify for funding, a property must be vacant, require substantial renovation and be located in an approved TIF. TIF Purchase Rehab is currently operating in four TIF Districts: Ogden/Pulaski, Humboldt, Division/Homan and Chicago/Central Park.
 
BEFORE
 
 
 
 
 
 
 
This four-story apartment building in the Ogden/Pulaski TIF District was the first to be completely rehabbed under the TIF Multi-family Purchase Rehab Program
 
7
Chicago Housing Plan 2014-2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ending September 2014 @£S
 
PROMOTION AND SUPPORT OF HOMEOWNERSHIP
In 2014, the Department of Planning and Development expects to commit over $41 million to help more than 650 households achieve or sustain homeownership.
Through the third quarter, DPD has committed nearly $18 million to support 273 units. These numbers represent 44% of the annual homeownership resource allocation goal and 42% of the annual unit goal.
 
 
IMPROVEMENT AND PRESERVATION OF HOMES
In 2014, the Department of Planning and Development expects to commit nearly $15 million to assist more than 2,000 households repair, modify or improve their homes.
Through the third quarter, DPD has committed more than $11 million to support 1,308 units. These numbers represent 75% of the annual improvement and preservation resource allocation goal and 65% of the annual unit goal.
 
Large Lot Program Expands to East Garfield Park
Building on the successful launch of the Large Lot Pilot Program in Englewood, Washington Park and Woodlawn this past March, DPD expanded the program to the East Garfield Park community starting July 1, enabling homeowners, block clubs and non-profit groups to purchase City-owned land for $ 1 per parcel.
To qualify for the program, applicants must: own property on the same block as the parcel to be acquired; be current on property taxes; and have no financial obligations to the City. Lots proposed for purchase from the city must be vacant and zoned residential (R). Properties are sold "as is" via quit claim deed. Eligible applicants may purchase up to two parcels under the program.
More than 400 property owners submitted applications in the first round of the program. In August the Chicago Plan Commission authorized the sale of 322 parcels, clearing the way for City Council approval later this year.
In July over 400 East Garfield Park lots were made available in the second round of the program. In response, 319 purchase applications were submitted and are now being reviewed by DPD staff.
The Large Lot Program is the first initiative launched by the City under its new Five-Year Housing Plan for 2014-2018.
 
8
Quarter ending September 2014
 
 
 
Chicago Housing Plan 2014-2018
 
POLICY, LEGISLATIVE AFFAIRS AND OTHER ISSUES
 
Chicago Foreclosure Filings Continue to Decline in 2014
A recent report by the Woodstock Institute found that new foreclosure activity continued to decline in Chicago during the first half of 2014. Overall, foreclosure filings dropped by 34.4% to 3,950 from 6,021 the previous year. This decline reflects a comparable slowdown across the entire six-county region, where filings fell by 37.7%. All but four of Chicago's 77 community areas shared in this trend.
 
Foreclosure auctions, which represent the completion of the foreclosure process, also declined in the first half of 2014, but at a less dramatic pace. Citywide, completed foreclosure auctions decreased by just 20.6% to 3,762 in 2014. Here the decline within the City actually exceeded the six-county reduction of 16.7%.
 
For more information on the report, please visit the Woodstock Institute website at: http://wwtu. woodstockinst. org/research/foreclosure-updates.
 
Neighborhood Stabilization Program Update
In March 2014 the City of Chicago achieved full compliance with all HUD deadlines for utilization of a total of $169 million in NSP grants awarded since the program began in 2009. The City will continue to invest in NSP targeted areas by using the income generated through sales of NSP properties to fund the acquisition and rehabilitation of additional buildings.
 
Through the third quarter of 2014, a total of 858 units in 193 properties have been acquired using funds from Chicago's three NSP grants. Construction has started on 806 units in 166 properties; 727 units (148 properties) have been finished or are nearing completion. One hundred thirty-six units (103 properties) have been sold to qualified homebuyers, and 27 multi-family properties containing 382 units have been fully rented out. A list of all properties that have been assisted through NSP can be found in the Appendix. A recent version of this list is always available at http://www.chicagonsp.org/index.html.
 
 
 
 
 
 
 
 
 
 
 
Chicago Housing Plan 2014-2018      9      Quarter ending September 2014 m
 
APPENDICES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -1
 
1
 
o: ui
fc
Z 3
 
 
 
 
o o
 
o lo
 
CN
l>
a? o o
cn io
■o; co
 
 
 
o
00
IV.
O
m
 
 
 
CN
UJ
o (J z
a* o so
O i 03 LO s3; rv.
 
 
 
z
3
a? o lo
CN i—
: O- CO
! CN ■—
 
LO
O O ID
 
 
 
s3l-*r
a? o
CO
CO .— O
S3
LO
CO
 
 
 
ae m
S3 CN CN
o
O S3
 
 
 
oooooo oooooo oooooo
o~ o o o" o" o" oooooo-<> o o^ co p_ o
S3 O 0~ CO S3 >—
•o >o -«t
CN O
 
CN
 
O CN
 
 
M W        W V)
 
3
O T3
2
u
 
to
LU
>
 
 
z
o
I—
u
Q
o
oc
Q_
o z
CO
o
X
z
      I
z
LU
 
CQ
oc O
 
 
UJ CO LU
oc
CL.
Q Z <
LU
<
cc U
O
 
(J
CO
cr
U
x      j;
g -° o o
-1 T3
^ fe it
■I      I
g      <S
§      §"
—      CO
K   u   J ._ ."t
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i o o £t. »> l<iX
 
 
 
 
 
 
 
 
□;
E o
5
ii
 
 
 
 
CO
 
o o
oc
Cu
      I
i<
Z
LU OC
m
oc O
 
2
o
 
 
Appendices - 2
 
O  O >r
i— . CO , CN ,
1 O ! O ; CN I CN
0      ; O
01      o
o! o cn . o
1
NO
CO CN
oo
 
 
 
aS + o
CO
o
CO
 
o
 
LO
 
CO
co
 
 
rv. O
 
O
oo
5 O u z
>-m
 
Z
as o
S3
 
a? o m
 
 
 
I I
as o
CO
 
as
 
 
 
So z £
 
 
 
 
 
 
o o o: o o
LD
 
 
 
 
 
 
O O
! o o~ o o
00 o
: CN
 
a- oo u") i
 
 
o;o o
0;0 O OOO
OiO O O
io
o
 
 
o o
CN
o
CN CO
.a
CN
 
N3 CN
(A
LO
o j*x
O LiJ
y to o
X
O O
O IO
O p_ lo'Ioo
CN '■—
 
 
 
 
o I o oo ojo o~ o
O S3 O- Iv.
O      O
o      o
u->      UI
N      CN
O
o o
CO
in
 
 
 
o o o
N3 Iv.
CN
CO
 
 
 
■SI
 
OO UJ
> !<
 
z
o
I—
u
3 Q
0 ot
Q_
o
CO
o
x
 
 
X
UJ
Z
o
LU
o
I
o □_
CL.
D oo
Q Z <
O 2
c o
c
3
E E o u o
CO
□
U
 
 
 
 
 
 
 
J5 o o
1
 
 
 
 
 
 
 
 
 
E □
co o
 
 
 
 
E
A
co
1!
-a ! fc c o
 
 
.9 "5
.t= N
C r=
j _Q
as
c to
3 ; O -a o
0) _Q
-Q -c
3 CO O
9 i 9 i »
 
 
 
 
 
 
 
 
 
E □
"5>i
 
 
 
 
 
 
 
 
 
E o
CO
o
 
 
 
 
 
E o X
1 CL. Oi
s.
E □
CO
o
 
 
 
 
 
 
 
 
a- I UJ
lu a> >. E
 
 
"6 <*
S-i °>
LV ■ c
a;
_c o
U : 0)
o 1 &
T3 C C 0) O CO
o> E
0£. . UJ
 
 
 
 
 
 
 
o!
cl
 
•81
 
 
JS; >.
 
u ; ■ u ! _0)
< CO LO
 
 
 
 
 
 
 
 
 
 
 
CO
p      u
tt      i
CO      o
c      .-E
TJ _E
-1 J3
o co o c
 
raj o 'a)' !2 Z.X
CO
LU >
 
 
 
 
 
U 3 O
O at
 
<
_f
i<
o
\— Q Z
o
 
 
 
CO LU
>
 
 
>-u z
LU
3
LU
§
 
 
 
 
 
a>: col
CO 0) C I w
"Si 3 </>. o
§!U o
U E □
co g
Q_
CD
 
 
 
 
to
LU >
 
 
>-
u z
LU UJ
 
 
 
2
o
 
Appendices - 3
 
 
I
 
 
 
 
 
>■ o
 
1°
 
 
 
 
 
 
 
 
o o o in -O ■ r~~
 
m z o =>
 
2 8
as o
 
I** — CO f> CO <w — CO
 
 
 
n      o      i-
n      <o      oj
Pv      C?      .-
O      «i      ri i
>— CD CD I O O Cl I
-o t>T o tn !in
 
o o o o o o o~ o" o o
oooo oooo oooo o o d o oooo n i/i in o V ^ V o*
o o o o o o o" o"
 
 
 
 
LU >
c c c c
3    3    3 3 < CD —
! 'Hi-
!      3   3 3
I 31":
 
 
 
5 11
Z
O
3
D
9
o z
co ZD
o
x
  1. O £
  2. <J < i=
 
 
 
 
 
 
1 E =3 .5
 
 
Appendices - 4
 
 
at <
' p
 
 
z =>
 
 
 
 
 
a
LU
be
m z O 3
 
3 8
as O
 
 
 
 
 
CO CO
o in oo
 
 
 
 
 
 
 
3 1 CO m ro
 
cr ■a
 
o
CN CO CN
 
it
i
 
 
CO LU >
 
E E
z O
u
ZD Q
g
Ol.
o z
CO
o
x
 
 
 
 
 
 
o
O
 
 
E;
E
 
ill
* Mi
>
 
 
 
I
Q Z
0
 
Appendices - 5
 
n
LO LO
o
o
LO CN
 
CN
ae + o
 
c o
u
UJ TJ
c o
 
't/>
O I
 
 
 
 
 
 
 
c
0)
o
CN
o"
CO
> ^
I o
— "e >■ £
CQ Q. 0)
Z 00
o
C V
E t o
Q.
CD
Q
i— ^
 
 
 
Ott Q_
o o
 
as o
GO
 
as o
ND
i
in
a? o m
i
 
as o co
 
ae to
 
 
 
 
 
 
to
UJ
>
 
 
 
z
o
r-
u
Q
2
Q_
o z
to
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 CO
i-S
D
o
X
0>
: E
: O
£
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
cz o
B c o
~D
o
 
 
-rj
0)
co
'to 3
o
X
u
 
 
c o co
a>
3      CZ 0)
!F,      ° -O
>      -3 -S
°*      O
4)      'c tt
CO      t 5
t      ~ o
O      3 .E
S      S =
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
a
5 u
u :
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CO
2 els'.
 
O Q.
 
 
 
 
 
 
 
 
 
 
 
■3.1 S 5
611
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
_o o
 
- +
■=l 0) 1/1
CO o 3
o
CO
tv. CN CO
CO CO
-«»■
 
 
O NO CN
 
 
CN
 
 
CN CO
CO
 
 
CN CO
 
 
tv. CO
 
 
 
 
 
o o
CO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
to
 
O O
Oi Q_
      I
i<
Z
UJ
at
UJ
_i
ca < Q
oi.
o
 
i<
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CO
 
 
 
 
 
-O
 
 
Appendices - 6
 
CO
o
00
 
a? + 5
CN CN
 
ae o o
 
ae o
00
CO T O CO
-O CN
O CN
 
 
 
00 CO I
 
c
0)
 
>      Z\ *
Q      uj o
E      ^ o
o      U n
  1. y i
  2. >- I
  1. co g.
  2. o ^
-      y §
c      Q °
s      o
■c      °*
O      °-
Q. Q>
Q
 
ae o
5
ae o m
O u z
 
z
3
 
ae o
CO
 
ae in
 
 
 
 
 
 
CO
LU >
 
 
 
 
 
u
3 Q
2
o_ O
z
to 3
o
x
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i
LU
z o
LU
o
x
o
CL. Q_
co Q Z <
O
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
til
3
TJ 1 C
 
c
3
E E o U o
CO
□
JZ
u
 
 
 
 
c
0)
E
(U l_
'5 cr
0)
oc:
JP
_o o -o
w O
m
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i  I I
 
 
 
 
 
E o
CO
o ct
CD (J
co oi
tft vi CO CO
c c is! 3 '5 '5
CQ j 00
-o--o
Q> CD
C . _w |
'> "tfl:
4> a> <J o
° a
3 . r O
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
E
_i co
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
c o
IJ9:
 
 
+ in CD □
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i/i Q-.1= 0)
5
 
_r: i D u JB
 
 
 
'00 .-
; CN : O
 
I I
00 NJ
 
 
 
 
 
 
 
 
 
 
 
 
 
I?'
! 0)
a. J, iv E o x
D_ Of
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
to
 
CD
 
z O
I
LU CO
 
3
o
i
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
C
o
3 .a 'u
 
i
Appendices - 7
 
Appendices - 8
 
City of Chicago Department of Planning and Development
 
Summaries of Approved Multifamily Developments Third Quarter 2014
 
 
 
Kennedy Jordan Manor
Source Works Development 825 W. 118th Street
 
Sangamon Terrace Senior Apartments
Evergreen Real Estate Services 6145 S. Sangamon Street
 
St. Edmund's Tower Annex
St. Edmund's Redevelopment Corporation 6151 S. Michigan Avenue
 
Cicero and George Elderly Housing
Hispanic Housing Development Corporation 4800 W. George Street
 
Cornerstone Apartments
The Community Builders, Inc. 11 E. 50th Street 633 E. 50th Street 636 E. 50th Street 731 E. 50th Place 4950 S. Langley Street
 
Milwaukee Avenue Apartments
Full Circle Communities, Inc. 3060 N. Milwaukee Avenue
 
The Strand
Historic Strand LP 6315 S. Cottage Grove Avenue
 
 
 
 
Appendices - 9
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Kennedy Jordan Manor
 
 
 
 
 
 
BORROWER/DEVELOPER:      Source Works Development
FOR PROFIT/NOT-FOR-PROFIT: For-Profit
PROJECT NAME AND ADDRESS: Kennedy Jordan Manor
825 W. 118th Street
WARD AND ALDERMAN:      34th Ward
Alderman Carrie Austin
COMMUNITY AREA:      West Pullman
CITY COUNCIL APPROVAL:        July 30, 2014
PROJECT DESCRIPTION:      Construction of a 70-unit affordable apartment complex for
seniors in West Pullman. All but five of the units will be reserved for tenants earning up to 60 percent of area median income. The project will contain eight studio and 62 one-bedroom units in a four-story elevator building. The ground floor will contain an all-weather atrium along with a fitness center, community room and computer work area.
TIF Funds: $1,500,000
MF Loan: $4,500,000
LIHTCs:      $1,167,689 in 9% credits generating $12,212,859 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -10
 
 
Project Summary: Kennedy Jordan Manor Page 2
 
 
 
 
UNIT MIX / RENTS
 
TypeNumberRent*Income Levels ServedStudio5$34530% AMIStudio3$50050% AMI1 bedroom36$67550% AMI1 bedroom21$72560% AMI1 bedroom5MarketUnrestrictedTOTAL70♦Utilities included: heating, cooling and hot water
 
 
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 860,000$ 12,2864.7%Construction$13,755,500$ 196,50774.9%Soft Costs$ 2,755,374$ 39,36215.0%Developer Fee$ 1,000,000$ 14,2865.4%TOTAL$18,370,874$ 262,434100%
 
 
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectLIHTC Equity$12,212,859$ 35,60666.5%HOME Loan$ 4,500,000$ 117,38024.5%TIF Funds$ 1,500,000$ 94,3408.2%DCEO Grant$ 158,015$ 33,8680.8%TOTAL$18,370,874$ 262,434100%
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -11
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Sangamon Terrace Senior Apartments
 
 
 
 
 
BORROWER/DEVELOPER:      Evergreen Real Estate Services
FOR PROFIT/NOT-FOR-PROFIT: For-Profit
PROJECT NAME AND ADDRESS: Sangamon Terrace Senior Apartments
6145 S. Sangamon Street
WARD AND ALDERMAN:      16th Ward
Alderman JoAnn Thompson
COMMUNITY AREA: Englewood
CITY COUNCIL APPROVAL:        July 30, 2014
PROJECT DESCRIPTION:      Construction of 24 units of affordable supportive housing for
independent seniors in a new building adjacent to the existing Bethel Terrace development. The two buildings will be connected by a hallway, enabling shared staffing and services. The four-story structure will contain all one-bedroom apartments targeted at residents at or below 50% of AMI. The project has been awarded a $3.9 million Section 202 Grant by HUD.
Tax-Exempt Bonds:      $5,900,000 (for construction financing)
MF Loan: $1,350,000
LIHTCs:      $234,463 in 4% credits generating $2,985,060 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -12
 
 
Project Summary: Sangamon Terrace Senior Apartments Page 2
 
 
 
 
UNIT MIX / RENTS
 
TypeNumberRent*Income Levels Served1 bedroom24$90050% AMITOTAL24♦Tenants pay cooking gas.
 
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 123,646$ 5,1521.4%Construction$ 6,394,916$ 266,63671.4%Soft Costs$ 1,559,645$ 73,21119.6%Developer Fee$ 663,999$ 27,6677.4%TOTAL$ 8,662,206$ 373,666100%
 
 
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectLIHTC Equity$ 2,985,060$ 35,60634.5%DPD HOME Loan$ 1,350,0000%$ 117,38015.6%HUD 202 Grant$ 3,894,600$ 94,34045.0%Other Sources$ 432,546$ 33,8685.0%TOTAL$ 8,662,206$ 373,666100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -13
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: St. Edmund's Tower Annex
 
 
 
 
 
BORROWER/DEVELOPER:      St. Edmund's Redevelopment Corporation
FOR PROFIT/NOT-FOR-PROFIT: Not-For-Profit
PROJECT NAME AND ADDRESS: St. Edmund's Tower Annex
6151 S. Michigan Avenue
WARD AND ALDERMAN:      20th Ward
Alderman Willie B. Cochran
COMMUNITY AREA:      Washington Park
CITY COUNCIL APPROVAL:        July 30, 2014
PROJECT DESCRIPTION:      Construction of a 34-unit addition to an existing Section 202
senior residence utilizing a City-owned vacant lot. The original 59-unit building was constructed in 1998. The five-story addition will contain all one-bedroom apartments targeted at residents at or below 50% of AMI. The project has been awarded a $5.5 million Section 202 Grant by HUD.
City Land Write-down: $180,000
Donation Tax Credits:      $76,500 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -14
 
I
 
 
 
 
 
 
Project Summary: St. Edmund's Tower Annex Page 2
 
 
 
 
UNIT MIX / RENTS
 
TypeNumberRent*Income Levels Served1 bedroom34$95050% AMITOTAL34♦Tenants pay cooking gas and electric.
 
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 1$ -<0.1%Construction$ 5,483,688$ 161,28583.4%Soft Costs$ 739,183$ 21,74111.2%Developer Fee$ 354,226$ 10,4185.4%TOTAL$ 6,577,098$ 193,444100%
 
 
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectDTC Equity$ 76,500$ 2,2501.2%HUD 202 Grant$ 5,517,400$ 162,27683.9%Other Grants$ 780,881$ 22,96745.0%Deferred Developer Fee$ 202,317$ 5,95111.9%TOTAL$ 6,577,098$ 193,444100%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -15
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Cicero and George Elderly Housing
 
 
 
 
 
BORROWER/DEVELOPER:      Hispanic Housing Development Corporation
FOR PROFIT/NOT-FOR-PROFIT: Not-For-Profit
PROJECT NAME AND ADDRESS: Cicero and George Elderly Housing
4800 W. George Street
WARD AND ALDERMAN:      31st Ward
Alderman Ray Suarez
COMMUNITY AREA:      Belmont Cragin
CITY COUNCIL APPROVAL:        September 10, 2014
PROJECT DESCRIPTION:      Construction of a six-story, 70-unit building for seniors aged 55
and over. The project will contain a mix of studio, one- and two-bedroom units as well as a community room, exercise/wellness room, atrium, terrace, community garden and laundry room. Sixty-one of the units will be reserved for tenants earning up to 60 percent of AMI and eight for tenants up to 80 percent of AMI.
MF Loan: $4,935,563
TIF Funds: $4,000,000
LIHTCs:      $1,150,000 in 9% credits generating $ 11,845,000 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices -16
 
 
Project Summary: Cicero and George Elderly Housing Page 2
 
 
 
 
UNIT MIX / RENTS
 
TypeNumberRent*Income Levels ServedStudio/w bath1$32030% AMI1 bed/1 bath7$34030% AMI1 bed/1 bath11$47040% AMI1 bed/1 bath28$60550% AMI1 bed/1 bath13$77060% AMI1 bed/1 bath5$90080% AMI2 bed/1 bath1$85060% AMI2 bed/1 bath3$95080% AMIJanitor's apartment1TOTAL70* Utilities included in rent: heat, gas, sewer, water and trash removal. Tenant pays for electricity.
 
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 2,789,000$ 39,84312.9%Construction$ 15,317,800$218,82670.9%Soft Costs$ 2,488,863$ 35,55511.5%Developer Fee$ 1,000,000$ 14,2864.6%TOTAL$ 21,595,663$ 308,509100%
 
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectDPD HOME Loan$ 4,935,563$ 70,50822.9%TIF Funds$ 4,000,000$ 57,14318.5%LIHTC Equity$ 11,845,000$ 169,21454.8%Other Grants$ 815,100$ 11,6443.8%TOTAL$21,595,663$ 308,509100%
 
 
 
 
 
 
 
 
 
Appendices -17
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Cornerstone Apartments
 
 
BORROWER/DEVELOPER:      The Community Builders, Inc.
FOR PROFIT/NOT-FOR-PROFIT: Not-For-Profit
 
PROJECT NAME AND ADDRESS:
 
 
 
 
 
 
WARD AND ALDERMAN:
 
COMMUNITY AREA:
CITY COUNCIL APPROVAL:
PROJECT DESCRIPTION:
 
 
 
 
 
 
 
 
 
 
MF Loan:
TIF Funds:
LIHTCs:
Donation Tax Credits:
Cornerstone Apartments 611 E. 50th Street 633 E. 50th Street 636 E. 50th Street 731 E. 50th Place 4950 S. Langley Street
4th Ward
Alderman Will Burns Grand Boulevard September 10,2014
Multi-site construction and renovation project featuring the rehabilitation of 45 family apartments and the development of 14 new units for artists. The new units will consist of one-and two-bedroom apartments in two 3-story structures to be erected on vacant land in the 600 block of E. 50th Street in the 4th Ward. These units will be live/work spaces for artists earning up to 80 percent of AMI. The rehab work will be focused on a pair of three-story walk-up buildings located at 731 E. 50th Place and 4950 S. Langley Avenue. These units, ranging in size from one to three bedrooms, will be leased to households earning up to 60% of AMI.
$ 1,254,887 (assumption of existing loan) $2,000,000
$950,000 in 9% credits generating $9,549,045 in equity $1,848,277 in credits generating $1,608,001 in equity
 
 
 
 
 
 
 
 
 
 
Appendices -18
 
 
Project Summary: Cornerstone Apartments Page 2
 
 
 
UNIT MIX / RENTS
Rehab Units:
 
TypeNumberRent*Income Levels Served1 bed/1 bath1$67350% AMI1 bed/1 bath1$79060% AMI2 bed/1 bath10$77850% AMI2 bed/1 bath17$890-$94960% AMI3 bed/1 bath1$86450% AMI3 bed/1 bath15$1026-$109360% AMITOTAL45New Units:
 
TypeNumberRent*Income Levels Served1 bed/1 bath6$65660% AMI2 bed/1 bath1$78760% AMI2 bed/1 bath5$102080% AMI3 bed/2 bath2$123380% AMITOTAL14* Tenant pays for some utilities, based on location of unit.
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 900,337$ 15,2605.8%Renovation$ 4,590,985$ 77,81329.6%New Construction$ 5,166,931$ 87,57533.3%City Loan Assumption$ 1,254,887$ 21,2698.1%Soft Costs$ 3,594,498$ 60,92423.2%TOTAL$ 15,507,638$ 262,841100%
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectLIHTC Equity$ 9,549,045$ 161,84861.6%TIF Funds$ 2,000,000$ 33,89812.9%Donation Tax Credits$ 1,608,001$ 27,25410.4%DPD CDBG Loan$ 1,254,887$ 21,2698.1%Deferred Developer Fee$ 100,000$ 1,6950.6%Other Sources$ 995,7054%$ 16,8766.4%TOTAL$ 15,507,638$ 262,841100%
 
Appendices -19
 
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: Milwaukee Avenue Apartments
 
 
 
 
 
 
BORROWER/DEVELOPER:      Full Circle Communities, Inc.
FOR PROFIT/NOT-FOR-PROFIT:  For Profit
PROJECT NAME AND ADDRESS: Milwaukee Avenue Apartments
3060 N. Milwaukee Avenue
WARD AND ALDERMAN:      30th Ward
Alderman Ariel E. Reboyras
COMMUNITY AREA: Avondale
CITY COUNCIL APPROVAL:        September 10, 2014
PROJECT DESCRIPTION:      Construction of 32 units of affordable, accessible, supportive
housing designed to allow residents with mobility and sensory impairments to live as independently as possible. 4-story brick-veneer building will consist of 25 one- and 7 two-bedroom units. Eleven units will be available for tenants at 30% AMI and 21 units for tenants at 60% AMI.
TIF Funds: $1,000,000
 
LIHTCs:      $706,659 in IHDA 9% credits generating $7,009,356 in equity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices - 20
 
Project Summary: Milwaukee Avenue Apartments Page 2
 
 
 
 
 
UNIT MIX / RENTS
 
Rehab Units:
 
TypeNumberRent*Income Levels Served1 bed/1 bath8$39330% AMI1 bed/1 bath8$78760% AMI1 bed/1 bath9$924**60% AMI2 bed/1 bath3$47230% AMI2 bed/1 bath2$94460% AMI2 bed/1 bath2$1256**60% AMITOTAL32* Includes utilities.
** CHA project-based voucher units; tenant pays no more than 30% of income in rent.
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 385,000$ 12,0314.0%Construction$ 6,735,007$210,46969.4%Soft Costs$ 1,620,798$ 50,65016.7%Developer Fee$ 968,688$ 30,27210.0%TOTAL$ 9,709,493$ 303,422100%
 
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectTIF Funds$ 1,000,000$ 31,25010.3%IHDA LIHTC Equity$ 7,009,356$219,04272.2%State of Illinois Grants$ 1,438,104$ 44,94114.8%Deferred Developer Fee$ 261,332$ 8,1672.7%Partner Equity$ 701$ 22<0.1%TOTAL$ 9,709,493$ 303,422100%
 
 
 
 
 
 
 
 
Appendices - 21
 
City of Chicago Department of Planning and Development Third Quarter 2014
 
Project Summary: The Strand
 
 
 
 
 
 
 
BORROWER/DEVELOPER:      Historic Strand LP
FOR PROFIT/NOT-FOR-PROFIT:  For Profit
PROJECT NAME AND ADDRESS: The Strand
6315 S. Cottage Grove Avenue
WARD AND ALDERMAN:      20th Ward
Alderman Willie B. Cochran
COMMUNITY AREA: Woodlawn
CITY COUNCIL APPROVAL:        September 10,2014
PROJECT DESCRIPTION:      The historic preservation and rehabilitation of the former Strand
MF Loan: TIF Funds: LIHTCs:
Historic Tax Credits: Donation Tax Credits: City Land Write-down:
Hotel and the redevelopment of an adjacent vacant parcel for parking. The renovated five-story building will contain 63 studio and one-bedroom apartments, including 53 units affordable to households earning no more than 60 percent of AMI, along with ground-floor retail space.
$4,709,618
$2,000,000
$1,240,507 in 9% credits generating $12,403,829 in equity $3,373,825
$337,500 in credits generating $293,750 in equity $675,000
 
 
 
 
 
 
 
 
 
Appendices - 22
 
Project Summary: The Strand Page 2
 
 
 
 
 
UNIT MIX / RENTS
 
TypeNumberRent*Income Levels ServedStudio3$52560% AMIStudio9$625Market1 bedroom10$57550% AMI1 bedroom40$67460% AMIResident Manager1TOTAL63* Tenants pay electricity.
 
DEVELOPMENT COSTS
 
CategoryAmountPer Unit% of ProjectAcquisition$ 1$ --<0.1%Construction$ 15,885,157$252,14569.3%Soft Costs$ 6,034,654$ 95,78826.3%Developer Fee$ 1,000,000$ 15,8734.4%TOTAL$ 22,919,812$ 363,807100%
 
PROJECT FINANCING
 
SourceAmountRatePer Unit% of ProjectDPD HOME Loan$ 4,709,618$ 74,75620.5%LIHTC Equity$ 12,403,829$ 196,88654.1%Historic Tax Credits$ 3,373,825$ 53,55314.7%Donation Tax Credits$ 293,750$ 4,6641.3%TIF Funds$ 2,000,000$ 31,7468.7%Other Sources$ 138,790$ 2,2030.6%TOTAL$ 22,919,812$ 363,807100%
 
 
 
 
 
 
 
 
 
 
 
Appendices - 23
 
I
 
 
E
E o
i
c o
 
C
o o
a> ■a
c =5
c o
u
D
C
o u
tu
TJ
c ZD
C
o
u
 
c o o
"D
c ZD
C
o
 
C
o
u
(1) TJ C
D
cz o
u
ZD
C
o
CO TJ C
ZD
 
 
 
 
 
CO
o
c Z
lO o —i
]U°
ul---
Q Z °
-o "
c
c >
o>0 E .£ _j .2
_ a>
Q- Q I
IS*
III
© •-: Q3
O
Q
CD #C 'So
_o u
 
o
a
I
a c
3
o U
U
 
 
c ZD
O CN
CN
 
 
 
 
 
 
O CM
CO
O CN
 
 
 
 
 
 
 
 
o
CO CN
 
 
 
 
 
N3
o
 
 
 
CN
 
O
CN
CO
 
 
 
 
 
 
 
o
CN
 
 
 
 
 
 
 
m
N3
 
 
o
CN
 
O
CN
 
 
 
 
 
 
 
O CN
 
CN
 
 
 
 
 
 
 
 
 
CN
o
CN
NO CN
 
 
 
 
 
 
o
CN
o co
 
 
 
 
 
 
 
 
 
o
CN
 
 
 
 
 
a>
E a. _o
I
a
 
 
 
 
 
U
 
 
TJ c
V CD
 
 
 
I
c o
TJ
o
a>
 
D
c o
E t o
CL <
c a)
(75
a o_
c _a
"D
o o
 
 
 
 
a; u o
 
o E
Zj
jZ
 
 
X
c c
<
 
o
TJ
c
3
E
 
CO
 
 
 
 
 
 
 
Appendices - 24
 
CO
2 +
i— o oo o
 
o
CO
CN
CO
01
>
OJ _1
CO
E o u c
>.
c Z3
 
-o §
 
in no
 
z: o
CO if)
 
 
o
CO
 
o
CN
co
 
 
CO NO
 
 
o
CN CN
O
m
 
o o
CO
 
o >o
 
o
lO
O riz
55
 
o
NO
o
CO SO
N.
in
 
 
c
D O
£ < c o o
 
D
 
 
 
TJ TJ <
"D o
 
o E
 
 
 
 
 
CL
_o
CU > CD
Q
o o o o" o
CO
 
 
o
CN
 
tu > o
o
to
CD
a
*= o
u
 
TT
 
 
_C0 -Q
a
TJ
o
5
.2      —
O      CO
ct      .E
CO      «
cn      3
<B      O
ct      X
o o o
o" o
 
 
 
1^
CN
 
 
 
 
TJ
c
c -5
O CU
!i2 io
 
 
O- IT) IO .—
•»t r-
 
 
 
 
 
 
co
TJ
o o o
o o in
 
 
 
CO
 
 
 
 
 
co
JZ CO
 
m
CN CO
c
CO
E
CL
o
CO
a
 
 
 
o
CO
o o C5 o" m
CO
 
 
 
 
 
 
 
 
o E o
Ol
c o to
 
 
 
 
 
 
 
o
to oc
C
to
CO
CO
cd .y
CO t
> CO UJ CO
CO NO
uo
CO
o
 
 
 
 
 
 
 
 
to
CO CO
o
co
o
o o oo
 
 
 
CL
■i u
E      g
y      a
c      o
8      p
« CO
X Q
00 CO
m
CN
 
 
 
 
 
 
 
 
 
 
o
 
 
 
 
TJ
 
c
D
E E o U
CO
 
 
o
 
 
 
o
CN
 
 
co > o
O
CO
co
o U
to m co
NO
 
 
 
 
TJ c □
00 NO
o o~ m
 
<u E o Z
"c tu
E
CL
_o
(U >
tu Q
 
 
o 2
3 CL
 
 
to
CO
 
 
o I—
TJ
o
 
 
 
 
TJ c
CN
 
a
c a
TJ
>.
TJ CO c c to
 
TJ CO
 
CO CO
 
 
O c E g
-I
c 2 □ Q-
lO <
 
TJ CO
CO TJ
CO Ol i_
o
to
o
TJ
c o
CO z>
.y o
 
TJ CO
 
co E t o a. < co c O
 
o
 
TJ CO
 
 
 
 
 
 
to
CO JZ
 
TJ CO
 
 
 
 
 
 
 
 
 
i<
o
 
-25
Appendices
 
~   CD —)
•o
1
co;
;
■■>; O _l
t» E. o o
c ■
 
 
 
S3
 
 
> •o. 8 '&
■fit
= S
^ S is 2
2.01
 
 
 
 
 
O 3
 
 
 
 
■ S
■VO ■
 
-o
1"
jo.: o
r» I.
0.
'■e :
a
t;
o
0-
 
 
 
Q a;
■.- ■<
o oo
CO
o
co co co «y>
E P
 
 
 
 
 
 
 
 
N-O ■tf </»
s
co «/»
E
E o
2
"O CD
m
CO
 
 
 
 
O
o o cf o in
 
 
 
 
m
 
cu
CO
o
CN O
 
 
 
 
 
_l      oi      S
£      o
£      55      £-
CD      o      °
*      I      °
O      jz      c
J—      -      »
>,      -t      E
^      o      9-
£      £      fj
e»      5
 
 
 
 
 
 
 
 
o o
CN
<y> o
o o cn
 
 
E o 2
13 CD
m
 
 
 
 
o
O
■■■©
o_ o"
O
 
 
 
 
 
 
 
 
 
 
 
 
 
o
u § z\ i
—1 o
O CD 1- > ♦J CO
o.
«j Q
"co
tO "
o 1
Z D
3
IS
.£:■ o
a
.■■■Cv
■:3 ■
2: P
— o
CO
 
 
 
 
Appendices - 26
 
CN
co
 
 
CO CO CM
 
 
 
 
 
 
 
 
 
 
 
 
 
oo o
 
•tf oo o
 
03
■tf
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CM I
o cn
CO
 
co
 
c
zs
5 < 2
co
•tf
TO
c
U
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
f-o co co"
u
 
 
 
o
o u
c
5 <
 
CO
c
O CO Cl _0
o a
c CO
E "a
CD VI
o ^ □ o
i- CO
o
CD nj
ji
Cl c
I'i
O CD
Ii
£ «
*- C C CD CD <-
^ I CD _0
 
 
 
Cl O Cl —
31
2 E
.2 E
 
e e
Q- E
"E g>
 
•E-S 42 E
cd e
 
 
 
 
 
 
 
 
 
 
 
 
 
o co
ct " .y
o Q ^ & f "S
CO
c
3 > (/> P
CD
c
it
o
E-g^ £ i % S "t s
<* .£t5 ■si"
J ll
= Cl ^ CD   °- LU
I o s
E i?0
«?x
CD TJ
a ni u £ ^ "
U CD CD <" T3 O   ° C
C D U U
s ■§ E
a)
tf) Q_
  1. 2
•— o_
CO
CD i_
<a
o o o
CM
TJ C □
c
CD
u
'55      f?
  1. E
O      u
1.1
O
u 0
c
to o O £
i_ CJs
ai —1 o
O "
TJ
CD .
C CD CD
3-° *
Odd c to -Q
co >-o ~
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
c
CO
E
CO k_
'd
 
5 o
 
(0
E
 
 
c o
TJ CO
 
 
TJ CO
t o a.
CO
 
CO CL O
Cl <
 
■— o
CO o
 
■ a? 5g
CN
o
CN
 
CO
o-co
o o
 
CO m
 
CO I—
z
LU |
 
o
fa,
1 2§ Q = o
 
o>^ E •E £L? ®
c — CL
c t- «o o «/>
al O ■
 
<S Z § E < c
r z -S
a u_ <u ~~
CO
 
 
 
55
c (1)
*.i
U E E o U
 
J
 
 
 
TD < tj
'o
 
 
 
 
■o o
 
o o o o~ o o o"
 
 
1^
CN
 
 
 
 
 
 
5°
 
lO i—
 
 
 
 
 
 
 
O O
o
o o
lO
 
 
 
 
 
 
 
 
 
 
 
 
lO CN GO
 
 
 
 
o
 
 
o o o
o o
CD
 
 
 
 
 
 
 
to « t? o a) O
 
o o co
 
 
 
 
iO
 
O o o o" o o
 
 
 
 
 
 
 
 
 
 
o to
 
 
 
 
CN CO
 
o o
C3
o~
O O
 
 
O CO
 
 
 
 
 
 
2
o
NJ
o
CO
 
 
 
 
CO N5
 
o o o o o o
 
 
o
CN
 
 
<
CU
> o
6
a> ra □
CJ to
lO
 
 
 
 
o o
 
o o o o~ o
lO
 
E a. o
 
U
a>
CL
_o cu > a>
Q
 
 
tt) E o Z
"c
0)
E
Q_
_o
1) > CD
Q
 
 
 
 
 
 
 
 
 
 
TJ      —
'S      $
-£      o
a      -c
D_      Q_
 
 
o
it
■i <j
x g .y o.
c o
8-1
x a
 
ra
8 ?
"I
o X o
a> ai
.y -o
U Lu
 
 
 
 
 
 
E •c
D
a <
a>
 
 
o U
 
 
 
 
 
 
 
 
<
d) c
I1
_> o
5^
 
T3 C
o </5
 
 
 
 
 
 
 
to a>
 
o
O 2 3 Q.
an.
 
 
 
Appendices - 27
 
Units by Income Level |+lOoCO
"tfoOn LO
81-
100%I
5§COLO
o>
COCN■tfo tfCO
tfCO
■oCNCO
tfCN
■ a? zz o
CO u-j•o
CNo>
COo> coCNo•tf
CNoO
LO
coIOCO■tf CN
i on-O "O■Total Units
IO
■o
o
1^
o
r-*
o> m
CO
o
•o o
tf
CN
CN CO
CO
NO
o>
GO ■tf
Equity Generated
$ 14,433,000
$ 12,212,859
$ 11,845,000
$ 9,549,045
$ 12,403,829
$ 8,734,843
$ 2,985,060
$ 7,009,356
$ 3,373,825
$14,433,000
Tax Credit Allocation
$ 1,415,000
$ 1,167,689
$ 1,150,000
$ 950,000
$ 1,240,507
 
CO
NO
•tf -tf"
CO CN
$ 706,659
 
TOTAL
Ward
o
CN
tf
CO
CO
tf
o
CN
i\
CN
NJ
o
CO
o
CN
Project Address
6116-44 S. Cottage Grove
825 W. 118th St.
4800 W. George St.
611 E. 50th St.
6315 S. Cottage Grove Ave.
459 W. Division 1151 N.Cleveland
6145 S. Songamon St.
3060 N. Milwaukee Ave.
6315 S. Cottage Grove Ave.
Developer
Preservation of Affordable Housing, Inc.
Source Works Development
Hispanic Housing Development Corp.
The Community Builders, Inc.
Historic Strand LP
Parkside Phase IIB, LP
Evergreen Real Estate Services
Full Circle Communities, Inc.
Historic Strand LP
Development Name
Woodlawn Park Senior Apartments
Kennedy Jordan Manor
Cicero ond George Elderly Housing
Cornerstone Apartments
The Strand
Parkside of Old Town-Phase IIB
Sangamon Terrace Senior Apartments
Milwaukee Avenue Apartments
The Strand
Quarter Approved
"5
"O CO
■p
CO
TJ CO
"O CO
2nd
-o
CO
CO
"O CO
 
DPD 9% CREDITS
DPD 4% CREDITS
IHDA 9% CREDITS
HISTORIC CREDITS
 
 
 
Appendices - 28
 
 
. a? ,— o
00 o
 
 
■ a?
 
zz o
CO u-,
 
 
, a? o to
 
CO
\— Z
LU |
 
o
E t 9. Q tf
co oc: °
> 11 CN CO VJ . D O
S ^
D)(J E
 
°- 3 ■ o o ^
=x cT ig 1
o oc: O
35
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
<
CD
2" o.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
O 6
 
 
 
 
 
CD CO O
 
 
 
tf
<
CO
o
Z
o
X
 
 
 
o t o
u
LU
6
 
5
> o
E a.
 
CO »
? £ cr °-
 
 
 
 
 
Appendices - 29
 
CO
tf
 
. as
r- O
CO o
■ as 5 §
 
 
 
co lo
 
CO
 
o "1
 
3 5
NO
o
o
CO
 
Q ^
o o o_
o~ o o
o o cj o~ o
On
o o o
o
o
0>
 
C
o m
 
o
ii i      CO
Z      c
i LU      e
>      J»
LU      q.
 
O   '"S r-
TJ TJ < T3 5L "o
 
 
5"
O- lO ID ■—
 
 
 
 
CL
o
 
3
-g J3
 
a> 2: > a)
LU </3
 
 
 
E □ Z
c <u E a _o
0)
> D
.      "O
I      $
1      9
3      Q.
 
 
 
o
o co
 
 
 
O c E S
o
5 I c 2 o 2-to <
 
 
 
 
Appendices - 30
 
r- O
00 o
 
S3
>
CD
      I
CD
LO
E o o _c
CO
>-. -Q
 
O
00
 
O S3
as o
LO
 
-O £, *~ CO
 
O LO
 
55
 
Si
—1 o
CD J> 3 'C
I*
o o
C3
cd
CO
O
o o
o o
CD
lo"
LO 00
 
TJ
o
 
TJ TJ
<
ti
CO.
'o
o
6
 
o u
 
LO
 
CO CL
_o
CO
>
a. o U
c
-"• p
~° 5 c o.
E
TJ
m TJ
co
CO QC
 
E
CO
E □
z
c
CO
E
Q. 0
CD
 
S 2
D D_
TJ CO
TJ CO
2
o
 
 
 
Appendices - 31
 
 
 
 
 
 
 
■a c
3      -tf
«      O
V)      CM
2      O
f—      ro
JO
£
CL)
cu
cu CO
 
u <
u c
3 CD
            c
ro      JS
c      t
fc      o
 
5 o « E
° 3
ID
m o
—      u
a;      c5
^      LU
°      5;
oo m
<-H O
m vo
O 00
M -a ^ En
 
o rn m id (N in m m
 
£ Ln
. Tf
 
 
 
 
 
 
 
E o I
 
5 i
II
S      K
c      ™
>S      vi
*      2
o      c
j      ra
 
 
u      <
 
 
 
 
C CO
u
 
 
 
£ E
in ai
 
 
CU  .           t-^ _£z
 
QJ
 
oJo o u cc
E Ol
0) Zj 00 _i
ll
<u s;
o £ ct >
<U 'LT X CU 3 >
13
>-      ~Z?
ro      »>
cu      5
§> CU
0 «
•J P. CJ _1 CD _j J  BD J
 
2- *=
i      o
>      ct      >
~      CU      ~
CU      X      <u
3 >      3      >
 
-32
Appendices
 
 
 
 
 
Community Area
Fuller Park
Grand Boulevard
Grand Boulevard
Washington Park
Washington Park
Near South Side
Washington Park
Grand Boulevard
Grand Boulevard |
|       Englewood |
Oakland |
Kenwood I
Hyde Park |
Kenwood I
Grand Blvd. |
Kenwood
|      South Shore |
South Shore
South Shore |
Greater Grand Boulevard
South Shore
\       South Shore |
|       South Shore |
|      South Shore |
\      South Shore |
|        Woodlawn I
|      South Shore |
Greater Grand Crossing
[       Woodlawn |
South Shore
Ward
m
m
m
m
m
m
m
m
m
m
t
 
■vf
«*
■vt
t
 
m
 
m
W
Ui
Ui
Ui
m
Ui
m
m
Ui
Ui
 
O
%      °
£      3
K      5
d      a!
—      -in.
Z3      u
ra      a>
 
■a s s
U. rH *J O
Cfl CM
2 o
C_ CO
SD B
a o X
cu
CO JO
E
OJ
ex
CO CO
o u s
i 2 o &
a
tu
CQ U
.S o,
JS Oh
u <
01
•a
"O
< u c
;6
'5 m
 
 
 
 
 
 
 
 
 
c
CO
U
 
 
 
 
 
 
 
 
 
 
CO      Zj
00      _|
™
ra      c
 
ai      oi
°-      ?
ct      > a.
 
 
 
 
 
 
 
 
 
u E u E u
OO _|
c. *J m c
li
t " oj 5i
°- 2
O —
ct >■
 
 
 
 
 
 
 
 
 
CO
E      Gl
CU      Zj
  1. _l
C      4-»
(0      C
  1. a
5      oj
°-      i?
o      —
ct      >*
QJ      *C
X      CO
3      >
  1. ai
£ c
  1. 2.
S> E
CO
ro c U ra
 
o      r*-      id
rN m      ^      •«*
o r-»      ^      ^
rsi in      in      in
Appendices - 33
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
cn
to 2
 
 
 
 
 
 
 
 
 
 
 
 
 
ra      _,
O      ro
5      'u
3      o
E
ifl
<      <
 
 
 
O TT Ol
 
 
 
 
 
 
 
 
 
 
O
a
QJ
 
 
 
O r\l 00
 
 
 
 
 
 
 
 
 
 
E t
 
I
 
 
 
 
 
 
 
 
<
2r
E
E o u
o 3
oj _ ooj <
 
•a
re
3
 
TJ <
 
 
 
 
 
 
m ±r
 
Ou >■
5 >
 
 
 
 
 
no
o
E G E G E
CU 'C
3 >
 
>- 5
 
O. >
o- et
CU "Z
= >
e      d
01      _j
ao      —j
<5      »
ra      c
11
t      w
a>      v
°-      ?
o      —
ct      >
 
Appendices - 34
 
 
 
 
 
Community Area
Greater Grand Crossing
Greater Grand Crossing
Greater Grand Crossing
Greater Grand Crossing
|        Englewood |
|    West Englewood |
Greater Grand Crossing
|        Englewood I
Englewood
|        Englewood |
|       Englewood I
|         Chatham |
|      South Shore |
|      South Shore |
|      South Shore |
|      South Shore |
South Shore
|       South Shore |
|     South Chicago |
|     South Chicago |
|      South Chicago |
|     South Chicago |
1      South Chicago |
|      South Shore |
|      South Chicago |
|       South Shore |
South Shore
|       South Shore |
South Shore
South Chicago
I      South Deering |
South Shore
|      South Shore |
|      South Shore |
Ward
LO
ID
 
LD
LO
LO
LO
LO
LD
LD
LO
LO
p*.
p*.
p*.
p»
p*.
p*.
FN.
p*.
p*.
Ps.
p*.
ps.
Ps.
rs
ps.
rs
r*
 
 
ps.
ps.
 
 
o I
 
 
 
 
u      o
H      to
M      S
.5      j=
vi      C
°      a
ac      a.
CU      LO
 
 
 
 
 
.2 a js a. u <
 
U
■o
<
u
 
3
oa
 
 
 
 
 
 
 
 
 
 
cc
c c
<
2-
t
i
 
 
 
 
 
 
 
 
 
 
 
 
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o
CL
 
 
 
 
 
 
 
 
 
 
 
 
 
o
1/1 TJ
 
 
 
 
 
 
 
 
 
 
 
 
 
O
E
ra OC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o3
>
 
 
 
 
 
 
 
 
 
 
5
>
 
O
E
o l/l o
 
Appendices - 35
 
 
 
 
 
e- v.
 
OJ      £
CO      o
 
l/l      w
E
I-      S
TJ      O
i      '
m      rs c
O      LU
U      CO
LO      IN
m      oo
if)      i-h
tH      00
r*      rn
 
 
 
 
 
 
 
 
 
 
CC
oa E
 
I
 
 
 
H   H CM
 
 
 
 
Community Area
South Shore
|     South Chicago |
|       South Shore |
|     South Deering |
|      South Shore |
|       South Shore |
|     South Chicago |
|      South Chicago |
South Chicago
South Shore
|      South Chicago |
South Shore
|     South Chicago |
|    Washington Park |
South Shore
[       South Shore |
South Chicago
South Shore I
South Shore |
South Shore
South Shore
South Shore
South Chicago |
South Chicago |
South Shore |
South Shore I
South Chicago |
South Shore |
Calumet Heights |
South Shore |
South Shore |
South Chicago
South Shore |
South Shore |
South Shore |
South Shore |
Ward
rs
r*
 
rs
rs
rs.
rs
r-
rs
rs
rs
rs
rs
rs
rs
rs
Ps.
r-
r-
r-
rs
rs
rs
r«
r*
rs
rs
r-
rs
rs
r-
r-
rs
r»
r-
rs
 
ZT o
sc JZ
<
c o
 
5      s
l/l      LU
LD      VO
in      m
 
3
ca
 
 
o
CO
 
OJ <->
" -I
 
Appendices - 36
 
 
c n ttc
o
 
 
 
O u
E <
CTJ      o
oj      on
CC      ra
n.      -a
OJ      JZ
as      u
S      o.
S.      Sz
Oj
w DC
cc nT
ra .y
QJ JZ
at u S o-
\£. Szj
 
t.
ID JZ
t/1
3
 
 
X ro CC
 
 
 
 
 
 
15
£■ c
3
E E o u
o u
O G TJ
o G
 
13
'cu X
o G
 
TJ
IV.
ra
3
 
TJ < BO C
 
LO LU LO Ol
o
CT JZ
4- TJ
l/l L-
nj ro
 
ro r\i ra
O ra
 
 
 
 
o 6
 
E
o 13
 
oil
LO 4-i
>
<
oil
5
5 <
5
 
Appendices - 37
 
1
 
 
 
 
 
 
o
 
 
<
c
3
E
E o u
TJ
eg
3
 
 
 
 
 
 
dl
TJ
 
3 ■* *J o
Cfl CNl
2 o m i
.5 J3
in
 
3 03
 
 
 
01 £i
cr -Jf
"** OJ
dl to
03
i °
u
* .2 o 5
-J 2
Is .a b.
u <
 
 
 
 
 
 
c
RJ U w
o
 
 
 
 
E _ > <
 
E O
 
E G
01 It!
ll
o — et >
3 > 3 >
 
 
 
 
 
g S
t/i _ro O U
S -9.
cn      u
Appendices - 38
 
 
cu ro E = cu >
c ■*-*
4-i
 
 
 
 
 
 
4-1
CU 'Z.
x cu
=! >
 
E o
ai r!
oo       l
 
 
o      i
(1      >] c
CU      'C
X      CU ._
3      > 5
 
 
 
 
 
Community Area
Gage Park
|        Gage Park I
|        Gage Park I
I    West Englewood |
|      Chicago Lawn |
|    West Englewood |
|    West Englewood |
West Englewood
Gage Park
West Englewood
|    West Englewood |
West Englewood
|      Chicago Lawn |
|      Chicago Lawn |
|      Chicago Lawn 1
Chicago Lawn
West Englewood
West Englewood
West Englewood
Englewood
West Englewood
Englewood
West Englewood |
West Englewood
Chicago Lawn |
West Englewood |
Englewood I
West Englewood |
New City I
Chicago Lawn |
Greater Grand Crossing
Ward
Tt t-l
Tt
Tt
L/l
Ln
i/i
m
m
m
in
in
in
LD
LD
LD
LD
LO
LO
LO
LD
ID
LO
ID
ID
LD
LD
LD
LD
LD
r-
ps.
 
TJ TJ < BO
 
3 CD
>
o -
o o
3
o -E
 
LO O
m cn
OJ
t:
ro L3
3
 
 
 
E u ^ u E u
5
II
O-   > Q_ >
Q_ >■
y 3
3 >
 
 
 
 
 
c re bo
E u E tj E r;i
o.      a i
01      ™
X OJ
=!      >
 
 
2" ~
 
CU      ~      CU      ■:
X      Q>      X      QJ      "J
^      >      ^      >      J
_l      i_      _l      —      c
 
 
 
 
 
 
Oi =
3 >
C CU
e      a
01      -J
DO      _l
C      4-*
U
oi      oi
°-      ?
E ^
01 __!
DO _l
 
 
 
CL >■
E G
 
 
 
a. >
4-»
 
 
o
6
 
 
 
 
 
>
a <
 
Appendices - 39
 
 
00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o o
00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o cf
 
 
 
< >■
'E
3
E
E o <_>
<
 
 
-D
<
 
 
J3 <
 
 
J3 <
 
O
o
3
 
$
Oi
z
 
S
01
z
 
5
QJ
z
O
to
 
TJ CO
3
 
£ E
£ E
TJ TJ < BO C
ct 33
ra
3
 
o m uj rn uj
 
 
UJ
3
00
01
Ln E
 
 
00
o 6
 
 
 
O-   > D- >
3 >
3 >
5 >
 
 
c o
n
N C IS B0 k_
O
 
 
 
 
 
a <
a
ot TJ ra i O X
 
 
 
 
 
o ID
£3      y
o      -1
O      to
_ m      Qi
E in      ~
 
u      a
>      a:
C- j
01      ^
UI      U
 
 
 
o <->
(/l 4-1
2 o3
Appendices - 40
 
 
 
 
 
ID U
 
 
o
5
5 >
<
X
c
ro — \%
t s
OJ Jj a. o
> Cu >
3 >
 
 
 
 
 
Community Area
Washington Park
Woodlawn
New City
I       Woodlawn I
|        Englewood I
|        Woodlawn |
|       Englewood |
|        New City I
|    Washington Park |
Washington Park
Washington Park
|         New City I
|    West Englewood |
|    Washington Park |
Washington Park
Washington Park
|       Woodlawn |
|        Woodlawn |
|    Washington Park |
I       Woodlawn |
|       Woodlawn |
[        Englewood |
Washington Heights |
Washington Heights
Washington Heights |
Auburn Gresham
Auburn Gresham
Auburn Gresham
Washington Heights
Auburn Gresham
Auburn Gresham
Ward
OZ
o
rN
o
rN
o
fN
o
fN
o
rsi
o
fN
o
CM
o
fN
o rsi
o
rsi
o rsi
o
fN
o rsi
o
rsi
o rsi
o
rsi
o rsi
o
fN
o
rsi
o
fN
o rsi
rsi
rsi
fN
rsi
rsi
rsi
fN
rsi
rsi
 
 
03
 
 
 
 
oo-
 
<D w TJ TJ <
bo _c
|5 '5
03
 
 
 
m oo m m m m
 
 
9      *
rt      m
o      ut
in      Ln
cn      »h
 
ui      3
o      rsi
rH      m
o      rsi
*-i      e'-
en      t-h
 
 
 
o
-11
rt £
rt oi
5 5
5 5
3 > 5
 
 
 
 
.2
ro
N
'E n ba
 
E      n   E   ii   E n
CU      Zj   01   Zj   CU Zj
QO       I   00       l   00 —I
£      £ ™ ~
sv c
Q. 5
o —
ra      c
 
01
O.      >
°      —
3 > 3 >
—I   w —J
3 5
 
o
 
 
2 IE
00 vi
 
 
SI
01
01
 
rt s
S3
no
ct -— a '  ? 15 oj I
<
o3
 
 
 
 
 
 
e
ro
5
 
Appendices - 41
 
I
 
 
 
 
 
 
 
 
o
<
 
E E o u
 
 
t:
o
 
 
ra 13
 
 
t o
 
 
t. o
o
 
 
t-
o
 
 
t o
■o
C
3
 
t
ra 13
 
 
ra 5
 
TJ < U
H   £   J H
" 2 rt
 
 
 
O   U3   O O
3 03
O
T—I
00
 
 
 
 
5
 
E G
E G
5 c
o       
3 5
rt >
R >
 
 
 
 
 
ba O
Q_ >
3 >
E o a
 
 
 
 
 
3
it
 
 
 
3
CO
3
E Gl
00 —I
11
 
O- 4?
3 > 5
 
DO C
 
x <
c ■-
1 3 E -
 
Appendices - 42
 
2      iH <H
fN m
fN      H   H      m t-i
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SVj
 
Community Area
|    Lower West Side |
|    Lower West Side |
Lower West Side
Lower West Side
Lower West Side
Humboldt Park |
Humboldt Park
|         Hermosa I
|     Humboldt Park |
Logan Square
Humboldt Park
|     Humboldt Park |
|     Humboldt Park |
Humboldt Park |
|       West Town I
Logan Square
Humboldt Park
Humboldt Park
|     Humboldt Park |
|     Humboldt Park |
|     Humboldt Park |
|       West Town I
Humboldt Park
|     Humboldt Park |
Humboldt Park
I     Humboldt Park |
|      Logan Square |
|     Humboldt Park |
|       West Town I
I     Humboldt Park |
|     Humboldt Park |
|     Humboldt Park |
I     Humboldt Park |
|   East Garfield Park |
Ward
LO
rsi
LO
rsi
LO
rsi
LO
rsi
LO
rsi
LO
rsi
LO fN
LO fN
LO
fN
LD
rN
LO fsj
LO fN
LO
rsi
LD
rsi
LO
rsi
LO
rsi
LO fN
LD fN
LO fM
LO fN
LD
rsi
LO
rsi
LO
rsi
LO
rsi
LD
rsi
LD IN
LO
rsi
LO fN
LD fN
LO
rsi
LO
rsi
r*s rsi
r»
fN
r~ rsi
 
 
QJ 5
X <
QJ LJ
5 J6
 
s
3
Ch      rH
4-.      ©
VI      Ps)
2      o
.5      -°
to      P
2      5
S
o. CJ
CU      OO
i      o
1      a
*      2
o      e
•J      .2
a      >-
o.
J3      &
U      <
TJ TJ <
bs
i=
jo '5
09
O
 
CJ
5
 
 
 
 
 
 
 
 
 
 
 
 
 
3
Tt
2 E
z
Tt
 
 
 
 
 
 
O       
8 5i
 
 
 
y 2.
CO S.
 
 
 
 
 
 
 
 
 
 
oil
O 13 a <4-<? " o
 
 
Appendices - 43
 
 
 
 
 
 
 
 
 
 
 
 
< X
U zi
I ±J_i
 
rt c-
rt rt
 
LD
Tt
fN
t-l
 
 
in
00
rH
cn
rH
ro
fN
ro
fN
rH
CO
rs)
rt
rt
m
 
LO
rt
rH
rH
rH
rt
rt
j $ 29,964
$ 81,300
$ 7,620
$ 9,660
$          7,272 |
$ 416,580
1 $          7,680 |
$ 70,236
$ 24,480
S         16,320 |
$ 21,900
S         10,500 |
$ 6,300
$ 52,764
$ 13,440
$ 8,844
$ 2,100
$ 21,288
CO 00 rt «> Tt
■ov
S         37,560 |
S          9,720 |
$         12,000 |
S 10,692
$ 9,900
$ 12,240
$         12,468 |
 
 
<
c
3
E E o u
 
 
E
zt X
 
 
 
■o
TJ < DO C
 
3
o o E E
 
 
rt Cl rt 6 O O
o
3 *
 
-5 3 2 S
rt <N
 
 
 
< tu
 
 
c o
 
BO
O
 
i O > ot
E   LJ   E   LJ   E i_j
 
 
0J
>
OJ
o £ Hot >(.c
X QJ
—izZ.—iZZ.—i^.
 
 
i/i CL C <
 
LU O
C X
S 3
 
VI V) QJ
vi Q.
4_<      qj
C      >
QJ      C
E      Z
QJ      VI
00      Of
*      s
fl
5      5
c      c
vt      E
 
 
5 >•
311
Q_ >■
3 >
e ol
O) O0 ro c ro
5 >■ t
 
D_      >      Q_      >
0J      ~      CU      ~
X      QJ      x      CU
^      >      3      >
 
Appendices - 44
 
o o
LO~
O O Tt
o
3
o o
00
cT
LD Tt
o
00 CO
 
 
 
£ E
3 if
3 3
<
3
E E o u
TJ
k
ra 5
oj
w TJ TJ < DO C
03
>■
 
t
ro ID
 
t ra 13
 
 
 
 
 
 
 
 
 
 
3 "5 3
 
t ra 13
 
 
 
 
 
 
 
 
 
 
 
 
 
3 3
 
 
>
LU
co
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10 Tt
uj
 
 
 
 
 
 
 
 
 
 
 
 
 
a 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3 3
o o o
rt rsi Tt i/i
 
 
O
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3      ^
m      ">
o      co
rt      9
O      LO
LO      O
l/l      LO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
£      5
7      z
CO
LTI      Oi
 
 
 
 
 
 
 
 
 
 
 
 
 
5
3
 
 
 
E
E
E E o u
E a
OJ —1
 
0J rj
oo Zj ra _i
 
 
 
c ra oo
o oj cn
~ LO r- ~
oj ni
-r —1
'c > =5 o oc
 
Appendices - 45
 
1
 
O
<
3
E E o u
t o
t; o
 
TJ
to
5
 
"O TJ <
 
 
 
 
 
 
2 E
 
3 z
s 3
3 CO
Ln co o m
o rH
 
 
 
E <
 
 
 
c o
to
'E to
s?
O
O      -C
OJ      o
ro      5
-1      c
on      qj
■I      3
3      T3
O      C
X      ni
>■      -E
 
 
 
 
 
< >
 
08
E t
a —i <
 
 
 
 
 
>-13
.Q
■a u
E <
 
Appendices - 46
 
 
 
 
 
 
5 i
<
>■
4-* 'E
3
E
11 ■o
13 <
no c
|5
3 CO
E o u
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
o o
m ro in m
 
 
 
 
 
 
 
 
 
 
 
 
 
I 3 z P
 
 
 
-   OJ __l
00       I
 
ll
£ -i
o- >■
a. >■
3   >   3 >
 
 
 
as O
o
X
5 '"
 
Appendices - 47
 
4.*
 
<
>-
3
oj >
 
E E o u
Ct _E
 
 
rs
3
 
ct a. cl qj
3 5
3 5
 
3
V)      CM
2      o
F—      ro
10
3 O X
u
.5      j=
E
CU
■M
ex
OJ C/5
ca
e      ° u
E      «
i      2
o      a
a ^
.a o.
U <
TJ TJ <
bo c
TJ
 
 
 
 
 
 
 
 
 
 
c rs bo
 
 
 
 
 
 
 
 
 
s s
OJ *-
 
DO QJ
'5 E
 
 
 
 
 
 
 
 
 
l/l
i s
 
00 QJ
 
11
 
 
 
 
 
 
 
 
 
 
 
 
 
~ 3 it 1/1 QJ
!°
 
3 <
 
 
 
 
 
 
 
 
 
 
 
 
ra
5
 
 
 
 
 
 
 
 
 
 
 
Ct 0)
o '
 
 
 
 
 
 
 
 
 
 
JU ro 5 ™
t_ c
3 oi c
£■ -S.
  1. X
  2. -a
c      o
-      i
x      5j
 
 
 
 
 
 
 
 
 
 
 
 
E OJ o
 
 
x ii 5 HI 5
t
o z
3
Tf
 
 
 
 
 
 
 
 
 
U CJ
13
      i
Q
S <5
3 3
 
Appendices - 48
 
rt °
^ rt
 
 
 
 
 
 
 
r- m o *-i
 
 
www w
 
 
<
 
E
E o u
00
O oc
00 I O I
cc c
 
TJ TJ < 00
 
 
 
 
 
 
 
 
 
? E
 
3 CO
 
 
 
5
 
x
O
o 2
U 01
 
E 5
 
to
£? o
5 *
oo ^
 
Appendices - 49
 
Department of Planning and Development TROUBLED BUILDINGS INITIATIVE I (Multi-family) January 1 - September 30, 2014
 
Quarter First Counted
Primary Address
# of Units
TBI Status
Ward
Community Area
2014,1
4834 S PRAIRIE AVE
4
In Court
3
Grand Boulevard
2014,1
4416 N KOSTNER AVE
9
In Court
45
Irving Park
2014,1
3144-50 S PRAIRIE
8
In Court
3
Douglas
2014,1
7919-29 S Maryland
37
In Court
8
Chatham
2014,1
8025-27 S Maryland Ave
6
In Court
8
Chatham
2014,1
8045-47 S Maryland Ave
6
In Court
8
Chatham
2014,1
8131-33 S Maryland Ave
6
In Court
8
Chatham
2014,1
8222 S Dobson Ave
6
In Court
8
Chatham
2014,1
6749-51 S JEFFERY BLVD
50
In Court
5
South Shore
2014,1
8053-61 S Cottage Grove Ave / 800-04 E 81st St
16
Partly Occupied
8
Chatham
2014,1
8145-51 S Drexel Ave
19
Occupied
8
Chatham
2014,1
8101 S Maryland Ave
8
Occupied
8
Chatham
2014,1
8252 S Maryland Ave
6
Occupied
8
Chatham
2014,1
1015-19 E 82nd St
4
Partly Occupied
8
Chatham
2014,1
7359 S Emerald / 714 W 74th St.
5
Under Receivership
17
Englewood
2014,1
6400-04 S EBERHART AVE
4
Under Receivership
20
Woodlawn
2014,1
6120 S SAINT LAWRENCE AVE
3
Under Receivership
20
Woodlawn
 
 
 
 
 
 
Appendices - 50
 
Department of Planning and Development TROUBLED BUILDINGS INITIATIVE I (Multi-family) January 1 - September 30, 2014
 
Quarter First Counted
Primary Address
# of Units
TBI Status
Ward
Community Area
2014,1
5850-54 S Campbell
9
Under Receivership
16
Gage Park
2014,1
6128 S EBERHART AVE
4
Under Receivership
20
Woodlawn
2014,1
1350 W 98th PL / 9817-25 S Loomis
10
Stabilized
21
Washington Heights
2014,2
8228 S Dobson Ave
6
In Court
8
Chatham
2014,2
632-38 E. 61st Street
3
In Court
20
Woodlawn
2014,2
4157 W Adams
6
Under Receivership
28
West Garfield Park
2014,2
6426 S. St. Lawrence
1
Purchased
20
Woodlawn
2014,2
936-44 W 76th St
8
In Court
17
Auburn Gresham
2014,2
1445 W WALTON
4
Under Receivership
27
West Town
2014,2
6022-24 S. Eberhart Ave.
6
In Court
20
Woodlawn
2014,2
8230 S Dobson Ave
9
In Court
8
Chatham
2014,2
1616-22 W Marquette/6659 S Marshfield
8
Under Receivership
15
West Englewood
2014,2
905 N. Central Park Ave
1
Under Contract
27
Humboldt Park
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices - 51
 
5 8
 
i- o CO o
■ a? 5§
 
 
c
o o ■"" CO
 
o
CN
>N ifr
 
 
 
55
 
<u
>      TJ
<      _>
=      00
-S      5
Q_      V>
u      <
 
CO
Q. O
° z
I > Q -i
n
i O i
c
0)
E t o a a> Q
-2 Z °- £ 1>
 
 
r= < — to
0)
 
-1 o
 
5*
TJ O
 
 
 
 
c
a)
E a
_o
CO
> co
a
O O CD N3
CO Vi
 
 
 
CN
 
>•      TJ
-D      C
TJ C
a
TJ      O
0)      OJ
■?      o
=>      ^J
o      ?
o      E
a>      o
o      -2
c      00
'42      i
—      B
S3      O
u
o o o
CO Vi
 
 
 
0)
>
0)
Q
CD Q.
_o
co >
CO
Q
c
CO
E
CO
CO
>
u
od
 
 
 
c
CO
E c>
s-E
_o a
5 z
CO
Q
!_      TJ
CO      «>
S      I
3      Q.
a      °-
 
 
 
 
 
 
o
CN
 
 
 
 
Appendices - 52
 
CN
CN
+ o
 
CN
CO
LT)
 
o o
 
co
 
CN
co
co
CO
CO
CO
CN
CN
CN
CO
CN
CN
CN
CO
CO
 
 
 
 
_ > g u
a ^
_o
o o
ad.
O-
> 0)
Q
T3 C
o
 
 
 
 
 
 
 
 
 
o
CN
o"
CO
0) _Q
E
5
CD
_i a> E o
u _c
>«.
CN
o oo
 
 
o
m i
CO
 
o
CO
00 CN
 
 
 
 
 
 
00
 
 
 
00
 
NO
o
c — o. c © o to
 
 
c
_ a
a> _ E Z
a oo
 
Q z
 
 
 
° 1
 
 
 
in
TJ      „_
i      S
u-      o.
u_      to
 
 
 
00 00 On
u-T
CO
to
 
 
 
CN
 
 
 
 
CO -0 •n" CN
«/3-
 
 
 
 
 
 
00 CN CO^
CO
o
 
 
O CN
 
 
 
CN CN
co"
CN CN
«»0
 
 
 
 
 
 
CO 00
o"
CO
 
 
CO
 
 
 
o o co
co"
CN
to
 
 
CO
 
 
 
o o o
co"
CN
CN
 
 
 
 
 
 
NO
co"
CO
 
CO
o
 
 
 
CO
o
co
 
 
 
to
 
 
in
b
 
 
TJ
cn co
 
TJ
c o
CD
a
c
QJ
U \ o
CO
o u
Ic
U
 
 
 
TJ O O
 
CO
c
 
 
c
OJ
U \ c O
OT
"l— k~
o X
 
N TJ CO
CO
u c
CO 1—
□
 
 
c □
J
"5 o_
_c
t o
 
E
TJ
      I
C
o
J
3
 
 
 
_o
3 Q_
C CO CO TJ
o
c a
TJ
o o
 
 
CO
c
 
 
o
CO .
□ u
U
 
 
 
 
>
CO N
c o
m
 
 
 
3
o to
c o
</>
TJ TJ <
co
a
'o l_
co E
E o U
 
TJ
o o
to CO
 
 
 
 
Appendices - 53
 
UJ
a.
tn tn ce
 
o a
 
 
CN
 
3
a o
CO
lu S
f= E
o
fN
  1. o
h- Q.
7 ®
± CO
3t O) a> O  3 .O
O
u O
n a c o
Q.
a> u
-j o Z o
m °
E n
O)
o
o -
  1. a>
 
 
y      TO
Ctt      OJ
O      .>
H      a
co      °
— CJ)
x etui
4)
c
0)
m
3
o o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ce o
y
Q
 
 
 
 
 
 
 
 
 
8 2
TJ TJ
S £
O *»
ll
o ro
■o oj a; £ co
o c a. co a. J=
s      »
CO      c
CO      CO
£      I
CO      {/)
K,      SI
°      g
I      E
S      ™
S      1
a.      o
CO      TJ
C-      «
.      CO
cn      E
■£      a>
fj      O)
 
*  %   * 5t
JD      CO
3      CO
o      o
TJ      g
tj      a.
o      o
>      ~
co      co
£cj
 
 
 
 
 
 
Appendices - 54
 
Department of Planning and Development NEIGHBORHOOD LENDING PROGRAM January 1 - September 30, 2014
 
Quarter Reported
Primary Address
Loan Amount
# of Units
Ward
2014,1
10010 S. Parnell Ave.
$88,752
1
9
2014,1
6722 S. Dorchester
$207,200
1
5
2014,1
5404 S. Winchester
$87,650
1
16
2014,1
3043 W. Washington, Unit 2
$220,700
1
2
2014,1
4625 W. Warwick
$192,890
1
38
2014,1
7327 S. Greenwood
$113,600
1
5
2014,1
4709 S. Western Blvd.
$102,200
 
12
2014,1
1725 E. 67th Street, 2F
$100,870
1
5
2014,1
8333 S. Phillips
$123,266
1
7
2014,1
10746 S. Ave N
$27,253
1
10
2014,1
6216 S. Champlain
$135,050
 
20
2014,1
12113 S. Harvard
$57,595
1
34
2014,1
5455 N. Sheridan Road, #811
$131,100
1
48
2014,1
1034 N. Massasoit
$260,300
 
29
2014,1
7415 S. Rhodes
$228,800
 
6
2014,1
4700 W. 83rd St.
$174,400
1
13
2014,1
1326 W. Cullerton
$47,025
1
25
2014,1
6223 S. Champlain Ave
$28,980
 
20
2014,1
3925 W. 66th Street
$138,520
1
13
2014,1
1791 W. Howard, Unit 303
$94,740
1
49
2014,1
1341 W. 110th Place
$82,965
1
34
2014,1
8505 S. Dorchester Ave.
$113,537
1
8
2014,1
8234 S. Saginaw
$40,275
1
7
2014,1
4456 W. Augusta
$36,999
1
37
2014,1
733 W. 47th Place
$71,000
 
11
2014,2
11170 S Esmond Street
$28,243
1
19
2014,2
12037 S Perry Ave
$108,800
1
9
2014,2
1244 West 97th Place
$17,400
1
21
2014,2
136 S Whipple
$22,890
1
28
2014,2
1618 WWallen Ave IN
$67,000
1
49
2014,2
1917 North Saint Louis Street
$210,000
1
35
2014,2
301 N Latrobe Ave
$114,000
1
28
2014,2
3222 West Douglas Blvd
$104,000
1
24
2014,2
3357 West Flournoy
$33,700
1
24
2014,2
3541 W Polk Street
$151,600
1
24
2014,2
421 East 89th Street
$8,060
1
6
2014,2
449 E 91st PI
$160,400
1
6
 
 
 
 
 
Appendices - 55
 
Department of Planning and Development NEIGHBORHOOD LENDING PROGRAM January 1 - September 30, 2014
 
Quarter Reported
Primary Address
Loan Amount
# of Units
Ward
2014,2
4510 W. Deming PL
$159,500
1
31
2014,2
5610 S. Prairie Unit 3-S
$20,665
1
20
2014,2
5711 S Marshfield Ave.
$21,100
1
15
2014,2
6336 S. Kolin Ave.
$170,000
1
13
2014,2
7141 S Campbell
$35,293
1
18
2014,2
7813 S. Dobson Ave.
$8,190
1
8
2014,2
9401 South Lowe
$118,000
1
21
2014,3
2637 N Menard Ave
$37,150
1
30
2014,3
5454 West Gettysburg
$52,000
1
45
2014,3
440 W. 96th St.
$169,500
1
21
2014,3
6538 South Washtenaw
$64,000
1
15
2014,3
5114W. Drummond PL.
$16,197
1
31
2014,3
6972 W. Belmont Ave. Unit 4
$66,500
1
36
2014,3
660 E 51st ST 1A
$112,000
1
4
2014,3
9734 S Yale Ave
$16,800
1
21
2014,3
4912 S. Kolin
$168,000
 
23
2014,3
11834 S Stewart Ave
$55,900
1
34
2014,3
9546 S Normal
$146,600
1
21
2014,3
2112 South Central Park
$132,750
2
24
2014,3
613 East Bowen
$65,650
1
4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Appendices - 56
 
 
 
Appendices - 57
 
 
 
Appendices - 58
 
 
 
Appendices - 59
 
 
 
Appendices - 60
 
 
e
19
if S~
— — C tn (3 PM  QJ CTi
ASS5
CO *^ Is-
 
|l|f?
? 5
S     J b I
ae =
 
 
till pi?
.9 n
"8 9
 
» oi e
S ° 5 &
 
 
 
vi 01
o
E v a
 
I
<
 
E re l.
M O
 
p.,
C
o
2 f
08 u
 
 
 
>-l_>-
o
— ni
re cu
*i ■<> i/i o
TJ C
O o
O "°
■= §
k. re 60
'3 z o
OO
re u
 
 
3 <
E I
U Ll
 
o
in
re *-*
 
a
s
 
 
ct ct tn
3 ~ ~
E E s u
 
2! ■o
 
 
 
 
 
 
Id
 
<3
= -9
3*
 
 
 
 
 
Appendices - 61
 
 
 
 
o
 
 
o
CD
 
fN
ID Oi CD
o~
rsi t
ID
cn us o~
 
 
 
c o
o a. £
 
■a S E
•4-      I- .=
*-•    3    ±   *4- CO
at
E a. o
ai >
01
a
O £
 2      E      co
h      it      P
JZ      o      It
°      s      ™
T3      w      v
O      i
  1. S      £
jj      M      ^
Cj) JO
re
TJ
o
it <
o x <
~a c
3
 
c
3 +->
o
CL Q.
O
□jO
c
"35
3 O X
 
ro -o
 
 
o
ra u
 
TJ 01 >
'fD u
QJ
or
 
TJ >
CD 3 C CD > fD OC
'ai u ai oc m
 
 
TJ 01 >
'3 u ai oc
o
fN
fN
Cf i
m o o rsi
TJ OJ
l/l 01 3 C 01
° £
fN TJ
m =
a _!
TJ >
o
CL Q
o3
cn O O. CD Q
TJ C ro
TJ CD >
"cD <J CD
QC
cd A:
_ O Q.
a. O
□0
CD
C CD > CD CC
 
cu    'cu O
JO
ro
TJ i.
O
<
 
 
 
 
 
 
 
 
 
_ o a. a. O
QO
c
'ui 3
o
X _0I
xi re
TJ <
 
 
< U
O
ra      -O
ro      L:
cu      o
£      c
«»-      o
o      -tz
=      2
cu      £;
cu
>• i_ .25
tj cu
«? UI OJ
C OJ ro XI
 
O ui
Ui TJ
 
 
o
- •
£      "oo
TJ      .E
Oj      i/i
±_      3
tn      O
O      -C
&      —
TJ      XI
OJ      TJ
i: P      o
.« Si;
 
 
 
 
 
TJ
c
cr
OJ C£
 
 
 
c
at E o
u
3
o _i
o
□0 ra u
00
o
Q_ OJ
<
ai ~5
a. o
>• -9 .y «
OJ    OJ   JZ „,
c: u .t;
c o
o oo
«  »      u
OJ XI
«      E
OJ      OJ
01      Ol
XI      JZ
c   c      >
06 S      £
— ~CJ      o
"2 73
-K   c      ci.
00
^±   ui ro
o      3 it <
£      2
01      J=
i2 ^      £r
a. <J >- j" t "5
TJ
j>   OJ      _
XI   ~      ZJ
« o      «
o cu      3
t "°      o t
2 S      * «
§      cu o
5      - "
 
 
3 <
 
cu E
4-"
tn Ol >
4-» C
o
H—
a.
ZD
JZ
aa z> o
 
 
 
o
it <
ro ai >-
Ui
 
^ i_j
 
 
 
 
Appendices - 62
 
 
 
 
Appendices - 63
 
J -8
 
o <
LU
U _
 
Z _j CN Q ^ o"
 
 
Z _ E
UJ _I CD
^ z "S-
C_ CO
55
III _>*
 
•s
¥
■E
i
6 3
II
 
4
 
z
> C
m < Q
o
o
C □
 
 
2
■o
1
8
 
 
 
) to c
! z -4 ! " 5
 
> o ^ ) o -4 1 in o
" — > '
 
Appendices - 64
 
 
 
 
■e
& _
 
 
 
 
 
 
 
] I M
tf EE
* 2 *
,55
 
 
Dovolopor
Plan Commission Approval
Typo
Projected Pujiiimii
Cash Racahwd
Numbar of Aifordabl* Unih
126 N Des Plaines/659 W Randolph
Malirow Stain Development Services
10/6/2006
units/payment
N/A - initially built units rathar than paymanj
$555,124.90
5
2 W Erie, Dana Hotel
Dana Holal. LLC
 
payment
$335,400 00
 
10 East Delaware
Ton East Dolowore, LLC, tha Prima Group, Inc, Ifi Manager
Jun-06
payment
S2.376.420 00
12.376,420.00
 
60 E Monro*
Ma so Dove lop ma nt
5/1/2005
payment
SI,325,303 00
11,329,303.00
 
I1IW llhnoii
The Altar Group
As of Ripjht
payment
S922.420 00
$922,420 00
 
123 S Green, The Emerald B
Greek Town Residential Partners LLC, 4104 N Harlem, 60634
7/21/2006
payment
S2B5.600 00
$285,600.00
 
12SS Gntn, The Emerald A
Greek Town Residential Partners LLC, 4104 N Harlem, 60634
7/21/2006
payment
5224,400 00
1224,400.00
 
151 N 5rote Street (MOMO)
Smithfiob Properties, LLC
7/1/2005
payment
S299.000 00
$299,000 00
 
160E Illinois
Orange Blue RHA
As of Right
payment
$639,828 OO
$639,828 00
 
301-325 W Ohio(Bowna)
Woodlawn Development LLC (Metropolitan Real Estate)
5/19/2005
payment
$1,216,86000
$1,216,860.00
 
550 N St Clair Street
Sutherland Pea no II Dev Corp
As of Right
payment
$373,180 00
$373,180.00
 
600 N Fairbanks Ct
Schatx Development, 610 N Fatrbonkt
7/1/2005
payment
S580,880 00
S5ao,aao.oo
 
611 S W«lls
TR Hamson, LLC
As of Right
payment
522,734 50
122,734.50
 
642 5 Clark
Smithfiald Properties, LLC
As of Right
payment
5225,965 00
3229,969.00
 
1001 W VanBuren
Smrtfifield Properties, LLC
6/1/2005
payment
$87,451 81
$87,451.81
 
I255S Slata
13th&Stote LLC
5/1/2005
payment
$247,254 00
$247,254.00
 
1400-16 S Michigon
1400 S Michigan LLC
12/1/2005
payment
$432,316 80
$432,316.80
 
1454-56 S Mich.gon
Sedgwick Properties Deve Corp
5/19/2005
payment
$322,371 25
3322,371.23
 
1555 $ Wabash Avenue
Nine West Realty, 1300 Paulina St, 3rd FI
As of Right
payment
$127,144 80
$127,144.80
 
1720S Mtchiqan Annua
1 /12THC.LLC by CK2 Development LLC
1 1/1/2005
payment
$915,631 20
$915,631.20
 
2131 S Michigon Av*/2138S Indiana
Michigan-Indiana LLC by Chieftain Const,
11/1/2005
payment
$614,451 60
$614,451.60
 
2100S Indiana
Aval on Development Group, LLC
Sep-06
payment
$285,451 00
$285,451.00
 
205-15 W. Washington
Jupiter Realty Corporation
3/16/2006
poyment
$420,305 60
3420,305.60
 
212-232 E Eno. 217-35 W Huron (Flair Towor)
Newport Builders, Inc.
12/1/2005
payment
$2,250,415 00
$2,250,415.00
 
161 W Kinzie
Lynd Development
Not required
payment
$1,211,280 00
$1,211,280.00
 
1 -5 W. Walton / 2 W. Delwar* (Scottish lit* ■ Walton on tt» Park]
The Enterprise Companies
Not required
payment
$2,698,385 00
12,698,385.00
 
200-218 W Lake St/206 N Walb> St
210-218 W. Lake LLC, 920 York Rd , #320, Hinsdale IL 60521
May-0/
payment
$1,439,416 80
$1,439,416.80
 
118 EEna
NM Proied Company, LLC
Not required
poyment
$1,990,686 11
$1,990,6*6.72
 
501 N Clark 55-75 W Grand 54-74 W "Ws
Boyce II, LLC
11/19/2009
payment
$2,920,843 B0
$2,920,843.80
 
618-630 W Woshmgton/101-121 N Das Plainai {th* Cotahr*)
Th* Cornerstone Group 70, LLC
12/1/2005
payment
$540,630 00
3540,630.00
 
111 W Wackar
 
4/11/2007
poyment
$89,869 68
 
171 N Wabaih/73 E Laka Street
M&R Development, LLC
8/21/2008
poyment
$1,482,941 00
$1^82,941.00
 
212-232 W Illinois St, 501-511 N Fronkl.n 5t
JDL Acquisitions, LLC, 908 N Halsted, Chicago
Aug-OB
poyment
$2,654,166 00
$1,191,822.00
 
1- 19ECh«tnut
Loyola University of Chicago
3/21/2013
payment
$220,607 00
9220,607.00
 
Arkadia
201-17 SHolstad 61-79 W Adams 758-78 WQumcy
Whito Oak Rutty Partners
11/27/2012
payment
$1,675,132 80
11,673,132.80
 
118- 128 W Chicago B0l-8l9NlaSall*
Smrthfield Properties XVI LLC
5/16/2013
payment
S714,B92 20
$714,892.20
 
118- 128 W Chicago 801-819 N LaSalla
SmithfioU Properties XVI LLC
1/16/2014
payment
$953.198 20 $193,198.20
 
Old Colony luilding
407 S Dearborn 35-39 W Van Buren
407 Doorborn LLC
7/18/2013
payment
$605,556 48
$605,556.48
 
707 North Walls
Akara Development Services
N/A
payment
$351,877 60
$351,877.60
 
200-214 N Michigan Ava (200 N. Michigon Avonuo}
Buck Development 200 LLC
12/19/2013
payment
$1,291,931 20
31.291.931.20
 
150 N Jefferson (Roitdolph Hotol]
Atira Hotals/JHMHofeb
n/a
paymant
$474,621 19
 
 
51 -67 E Von Bur on/4 01 -419 5 Wobosh (Buddnoham-Wobath II)
Buckingham/Wabash LLC
6/18/2009
payment
$2,026,879 20
 
 
324 W Harmon Strait (Old Port Offloi)*
International Property Developers North America Inc
7/18/2013
ppyrrwit/unitt
$26,098,631 00
 
 
723-729 W Randolph (729 Randolph Shoot)
725 Randolph LLC
12/19/2013
paymant
$541,640 40
 
 
171 N Halsted
171 Partners IIC
8/21/2014
paymant
$913,703 00
 
 
720 N LoSalle
Supenor Park LLC
8/21/2014
paymant
$1,082,120 80
 
 
167 En«
MAC West LLC
8/21/2014
paymant
$2,310,888 B0
 
 
1149-11675 Statu St (State/Elm Stroot)
Elm State Property LLC
1/16/2014
paymant
$1,178,544 00
 
 
Total
 
 
!
 
$34,464,978.94
■ -i ' '" s
'Developer has agreed lo provide at least 10% of bonus square footage as offordable housing - for a minimum of 281,235 square feel
 
DENSITY BONUS: PROJECTS ON HOLD
Property Address
Dovolopor
Plan Commission Approval
Typo
Pro reefed Poymont
Cash Recoivod
Numbor of Affordable Unite
2346-56 S Wabash
Dave Dubin
3/1 7/2005
unils
N/A Units
 
10
400 N Lake Shore Dnve (Tho Spire)
Shelborne North Water Street LP
4/19/2007
payment
SS, 700,300 00
 
 
137/S Wobash (GJaahaui)
Wobash Street, LLC, c/o Piedmont Development, 377 S Sangamon, 60607
//5/2006
payment
$412,351 00
 
 
1 South Hoisted 723-741 W. ModiMn 1-41 S Hoisted 760-77BW Monroe
M,d City Plo/O LLC
8/16/2012
payment
S2.587.291 60
 
 
535 N St Cloir
Sutherland Peorsoll Dev Corp
6/1/2006
payment
53,595.112 35
 
 
1-15 E Superior
1 E Supenor, LLC
2/1/2006
payment
S940.960 00
 
 
150 E Ontario
Monaco Development
5/19/2005
payment
S3.880.870 40
 
 
Total
 
 
 
S17,11o^85J9
 
 
 
 
 
DENSITY BONUS: CANCELED PROJECTS
 
Property Address
Dovolopor
Plan Commission Approval
Tn»
Pro|octod Poyrnont
Data Canceled
100-106 S Sangomon, 933-943 W Monroe 51
Campus Condominiums, LLC
 
payment
S243.617
Odober-06
301-319 S Sangamon Street / y25 W
Heidnei Properties
August-06
units
N/A Units
March-10
501-517W Huron, 658-6/8 N Kingsbury, 500-502 W Ene [Park Kitastrury)
501 Huron Building Corporation
Juno-06
payment
$853,320
August-07
8 East Huron
8 E Huron Associates
November-06
payment
$153,162
Apr-08
680 N Rush (F/K/A 65 East Huron) (Canyon Ranch)
Huron-Rush, LLC
□eccmbar-05
ent
$1,550,239
June-08
2100 S Proine Avenue
2100S Praine, LLC
As of Right
payment
$129,730
Augusl-08
251 E Ohio/ 540 N Fairbanks
Fairbanks Development Associates, LLC
Januory-07
 
$1,042,945
Odaber-08
2055 S Prairo (Chaos LoftB/Ariitocrsrt)
Worman Development
Seplember-05
payment
$576,947 00
January-09
1712 S Praine
1712 S ProineLLC
2/1/2006
payment
$699,890 00
September-09
630 N McClurg
Golub & Company
5/1/2008
payment
$7,920,806 40
Decembcr-09
Total
 
 
 
113,170^55.60
 
 
Appendices - 65
 
3 a
o c
 
<D
2
CP
13
 
3 1-
 
 
 
 
c o
C9 Q.
£* >>
3 cz
2
■9 ■s
I
 
of
<
i
a      5 it"
5 n      E
| E      55
? *      w
TO "5      ■
™ JC      Ol
.E t:      o>
=
to cn      7
a. .E      a>
O   3      C
o      e
0)
u
P   O »
= en Q 1? ra n u tJ
*5 I
Q  U ft
O)   4» _
TO   f> TO
  1. O O
  2. » '=
0
*> o
0 w E x
E
E o o
 
 
 
 
i
 
 
 
 
 
5
 
 
 
 
 
 
5
E o. o
*
 
 
 
 
 
CO
E
?!
I
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
s
8
 
 
 
 
 
 
 
 
 
 
 
 
 
i z
or
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
 
 
 
 
 
 
 
 
 
 
m <
 
 
 
 
 
 
 
 
 
 
 
 
o tri
 
u
Jt" n
CL
 
 
 
 
 
 
ra O
E o
X
 
 
 
 
 
 
I -fr1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CO
ET-
CD
■s
ra
CL
 
 
 
 
 
 
 
 
 
 
 
 
 
o z
 
 
 
 
 
 
 
o <
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
It o
 
 
 
 
E m o O
I!
 
 
 
 
 
 
 
 
 
 
 
 
 
CO CO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
O m
 
 
1
o
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ce <
 
 
 
 
 
 
 
<
CO
ra a.
 
 
 
 
 
 
 
 
 
 
 
D
5
 
ui
 
I2
 
11
>- 9-
 
 
 
 
 
 
Appendices - 66
 
 
 
 
 
Reference -1
 
J
 
a
Z3 -ZC
a
D ■ X
 
o.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5: o.
 
5 2 ZC
 
i
 
 
 
o I
.3
a -a
 
#1
t3 e
 
 
 
 
°\
 
is
i
c t>
E
E
3
Ie
J Tf
l«s 3
o IO
#1 °\
 
 
>> n E a >
 
Single Family
It uj
Multi-family"
 
-2
 
Reference
 
a
Z) ■ X
a
3 ■ X
 
 
1
 
#1 °\
 
o
x
|J
o
X .c
.2 o X
 
 
 
o x ml ,
o zc ml >
 
 
 
 
1-2
N
 
a
 
 
 
 
 
 
 
 
&1
 
Multi-family"
Single Family
Single Family
 
 
 
 
 
 
 
 
Multi-family"
 
 
 
Reference - 3
 
□
Z3 ■ X
 
°\
 
 
°\
 
o
x
JZ
E
El I
 
 
S.
 
#\°
o x .3
ill
■nl j q
 
 
 
 
 
 
 
 
 
 
 
 
 
 
15
 
°\
 
 
E
E
,'§ 15
 
Multi-family"
Single Family
Multi-family"
Single Family
 
 
 
Reference - 4
 
Multi-family"
Single Family
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
i!i
f!i ii1
ill Ml
in III
Hi
11
If
 
 
 
k
 
 
I
! i
ii!
I % if
 
 
1!
Ml 1!
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I
T-'
 
!
 
 
Reference - 5