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icaao Five-Year H
2017 First Quarter Progress Report January - March
City of Chicago Rahm Emanuel, Mayor
CHICAGO DEPARTMENT OF7 PLANNING « OgVELOPMSNT
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 in the City's Five-Year Housing Plan. With this report we begin the fourth year of our plan, Bouncing Back, which covers the years 2014-18.
As we do at the beginning of each year, the Department is releasing estimates of housing production under our programs for all of 2017. This year wc 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 and 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 description 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 the city, and it coordinates all of our zoning, land use planning, sustainability and historic preservation initiatives.
The unprecedented budget impasse in Springfield, along wi...
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