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Strengthening Neighborhoods — Increasing Affordability.
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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
Chicago Housing Plan 2014-2018
TABLE OF CONTENTS
PAGE
INTRODUCTION
Creation and Preservation of Affordable Rental Units|910|Multi-Family Rehab and New Construction|910|Other Multi-Family Initiatives|910|Promotion and Support of Homeownership|910|Improvement and Preservation of Homes|910|Policy, Legislative Affairs and Other Issues 9
APPENDICES
2014 Estimates of Production by I...
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