2014-2018
Chicago Five-Year Housing Plan; i
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CHICAGO DEPARTMENT OF PLANNING & DEVELOPMENT
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2015 Third Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth in the City's Five-Year Housing Plan 2014-2018. In the first three quarters of 2015 the Department committed $200 million to support 6,187 units of affordable housing. This represents 79% of our annual resource allocation goal and 75% of our units assisted goal.
During the third quarter the City approved funding for two multi-family developments and authorized a $75 million, three-year extension of the Tax Smart Mortgage Credit Program serving low- and moderate-income homcbuyers.
The Department of Planning and Development (DPD) is the lead agency for the City's affordable housing, housing preservation and homebuyer assistance programs. DPD 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, sustainabiliry and historic preservation initiatives.
Wc at DPD could not succeed in our work without the ongoing support and cooperation of our valued partners—neighborhood and business groups, elected officials, state and federal agencies, and other community stakeholders. Through these efforts, we will continue to move forward in creating and preserving affordable housing for the people of Chicago.
David L. Reifman Commissioner
Department of Planning and Development
Chicago Housing Plan 2014-2018
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
4 5 6
APPENDICES
2015 Estimates of Production by Income Level
Commitments and Production Comparison...
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