2014-2018
CHICAGO FIVE-YEAR HOUSING PLAN
Strengthening Neighborhoods — Increasing Afford ability.
CHICAGO DEPARTMENT OF PLANNING & DEVELOPMENT
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2018 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 I lousing Plan. With this report we begin the final year of our plan, Bouncing Back, which covers die years 2014-18.
As we do at the beginning of each year, the Department is releasing estimates ol housing production under our programs for all of 2018. This year we expect to commit over $321 million to support 8,549 units of housing through programs in the following three categories:
To Create and Preserve Affordable Rental Units: $276.5 million to assist 5,854 units
To Promote anil Support Homeownership: $23.7 million to assist 497 units
To Improve and Preserve Homes: $21.1 million to assist 2,198 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, we 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 is a brief description of each initiative along with information about 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 industrial and commercial investment, and it coordinates all of our zoning, land use planning, sustainability and histotic preservation initiatives.
The bulk of the City's housing resources, especially federa...
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