2009"201 3 2013MAY ~9 AM
Affordable Housing Plan
Keeping Chicago's neighborhoods affordable.
2013 First Quarter Progress Report
January-March
City of Chicago Rahm Emanuel, Mayor
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2013 First 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.
As we do each year, the Department is also releasing estimates of housing production for 2013, the final year of the current five-year plan. We expect to deploy nearly $312 million to assist almost 8,500 units of housing this year, through programs in the following three categories:
Creation and Preservation of Affordable Rental Units: $266,302,599 to assist 5,571 units
Promotion and Support of Homeownership: $33,460,056 to assist 861 units
Improvement and Preservation of Homes: $12,074,500 to assist 2,062 units
The Department's resources also include almost $3 million for other initiatives, including housing counseling and other delegate agency programs, which complement our housing production efforts.
To help readers better understand the production tables included in these quarterly reports, we have included a user's guide to the Department's housing development and preservation programs. The guide is organized by the three main categories of work as outlined above; it offers a brief description of each program along with information about funding sources and reporting methodologies.
The Department of Housing and Economic Development (HED) is the lead agency for the City's affordable housing, housing preservation and homebuyer assistance programs. HED also promotes economic development by helping existing businesses grow and attracting new industry to the city, and it coordinates all of our zoning, land use planning, sustainability and historic preservation initiatives.
We at HED could not succeed in our work ...
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