2014-2018
Chicago Five-Year Housing Plan
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2015 Fourth Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth in Bouncing Back, Chicago'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 2015, the second year of the Five-Year Plan, the Department committed more than $338 million to support 7,260 units of affordable housing. This represents 133% of our annual resource allocation goal and 88% of our units assisted goal.
During the fourth quarter, the Department approved financing for four multi-family development projects—giving us a total of thirteen for the year—and completed the transition to a strengthened Affordable Requirements Ordinance that is expected to generate 1,200 new units and $90 million in additional resources for affordable housing over the next five 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.
David L. Reifman Commissioner
Department of Planning and Development
Quarter ending December 2015
TABLE OF CONTENTS
INTRODUCTION
Creation and Preservation of Affordable Rental Units 2
Multi-family Rehab and New Construction - 2
Promotion and Support of Homeownership Improvement and Preservation of Homes
Policy, Legislative Affairs and Other Issues
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APPENDICES
I. 2015 Estimates of Production by Income Level
Comm...
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