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2017 JUH-9 AH 9: Id
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2017 First Quarter Progress Report January - March
City of Chicago Rahm Emanuel, Mayor
fear Housing
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2017 First Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth m ilic City's Hvc-Ycar Housing Plan. With this report we begin the fourth year of our plan, Bouncing Back, which covers the yen s 2014-18.
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As we do at the beginning of each year, the Department is releasing estimates ol housing production under our programs for all of 2017. This year we expect to deploy almost $244 million to support nearly 7,700 units of housing through programs in the following three categories:
To Create and Preserve Affordable Rental Units: $204.5 million to assist 5,450 units
To Promote and Support Homeownership: $25.8 million to assist 434 units
To Improve arid Preserve Homes: $13.3 million to assist 1,769 units
The Department's resources also include over $3 million for other initiatives, including delegate agency programs that support our housing production efforts.
To help readers better understand the production tables included in these quarterly reports, wc have included a user's guide to the Department's housing development and preservation programs. The user's guide breaks these programs down into the three categories noted above; it includes a brief descriprion of each initiative along with information on funding sources and reporting methodologies.
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 die city, and it coordinates all of our zoning, land use planning, suscainability and historic preservation initiatives.
Thc unprecedented budget impasse in Springfield, along with rising construction costs and the ...
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