2009-2013 Affordable Housing Plan
Keeping Chicago's neighborhoods affordable.
July-September
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2012 Third Quarter Progress Report, which presents the Department of Housing and Economic Development's progress on the goals set forth in the City's fourth Affordable Housing Plan, covering the years 2009-2013.
Through the third quarter of 2012 the Department has committed $197 million to support more than 5,600 units of affordable housing. This represents 54% of our annual resource allocation goal and 63% of our units assisted goal.
In the third quarter, the Department approved financing for two multifamily development projects, opened the first phase of a major mixed-income development on the West Side and launched a new foreclosure mitigation program targeting rental buildings.
As always, we would like to thank our many partners for their continued support and cooperation. We could not succeed in our work without the perseverance of these neighborhood and business groups, elected officials, state and federal agencies, and other community stakeholders. Through our joint efforts, we continue to progress in our goals to create and preserve affordable housing for the people of Chicago.
Commissioner
Affordable Housing Plan 2009-2013 Quarter ending September 2012 g&
TABLE OF CONTENTS INTRODUCTION
Multi-Family Rehab and New Construction Updates on Previously Reported Developments Multi-Family Preservation
APPENDICES
Estimates of Production
Commitments and Production Comparison to Plan
Units Accessing Multiple HED Programs
Summaries of Multifamily Developments
Senior Suites of Midway Village
3208 N. Sheffield Avenue
Woodlawn Six Apartments
Multifamily Closing Status Report
Multifamily Loan Commitments
Multifamily MAUI Commitments
Multifamily TIF Commitments
Low-Income Housing Tax Credit Commitments
Multifamily Mortgage Revenue Bond Commitments
Multifamily City Land Commitments
2 2
4 5
7 8
|10 10...
Click here for full text