CHICAGO DEPARTMENT OF PLANNING S DEVELOPMENT
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2017 Fourth Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth in Bouncing Back, the City's Five-Year Housing Plan covering the years 2014-18. During the fourth quarter the City approved three innovative mixed-use projects combining affordable housing with neighborhood libraries, and we inaugurated two pilot projects under the 2015 Affordable Requirements Ordinance designed to spur creation of additional affordable units in neighborhoods experiencing accelerated private development.
For the full year of 2017, the Department committed $403.5 million to support 8,208 housing units. This represents 166% of our annual resource allocation goal and 107% of our unit goal. With the completion of the fourth year of our plan we have now achieved 101% of our five-year resource goal and 71% of our unit goal.
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.
David L. Reifman Commissioner
Department of Planning and Development
With the Chicago housing market's accelerating recovery from the 2007-8 collapse, along with the successful 015 expansion of the City's Affordable Requirements Ordinance, we have seen an upsurge in production under our affordable housing programs. But we at DPD could not succeed in our work without the ongoing support and cooperation of our community partners that serve Chicago's neighborhoods, together with elected officials, state and federal agencies and other community stakeholders. Through these efforts, we will continue to move forward in creating a...
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