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2009-2013 Affordable Housing
Keeping Chicago's neighborhoods affordable.
2012 Fourth Quarter Progress Report
October-December
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2012 Fourth 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 for the years 2009-2013.
Perhaps more than at any time since the inception of the five-year planning process, 2012 was a year of great challenges in the housing and lending markets. In particular, the collapse of the single-family housing market has had a crippling effect on our homebuyer initiatives.
Despite these issues, the Department in 2012 committed $276 million to support more than 7,000 units of affordable housing. This represents 75% of our annual resource allocation goal and 80% of our units assisted goal.
During the fourth quarter, the Department approved financing for two multifamily developments and conducted our annual Rents Right Housing Expo to assist tenants and landlords in finding answers to their housing questions.
As always, we would like to thank all of our partners for their continued support and cooperation under difficult circumstances. Working with them, we will continue to progress in our goals to create and preserve affordable housing for the people of Chicago.
Inonev "
Andrew J. Mooney Commissioner
Affordable Housing Plan 2009-2013
TABLE OF CONTENTS INTRODUCTION
Creation and Preservation of Affordable Rental Units|910|Multifamily Rehab and New Construction
Promotion and Support of Homeownership|910|Improvement and Preservation of Homes|910|Policy, Legislative Affairs and Other Issues|910|APPENDICES
Estimates of Production
Commitments and Production Comparison to Plan
Units Accessing Multiple Benefits
Summary of Multifamily Developments
Shops and Lofts at 47
Dorchester Artist Housing
Loan Closings Report
Multifamily Loa...
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