|
|
Type:
|
Report
|
Status:
|
Placed on File
|
|
Intro date:
|
12/12/2018
|
Current Controlling Legislative Body:
|
|
|
Title:
|
Affordable Housing Plan 2014-2018 Quarterly Progress Report (2018 Q3)
|
|
Attachments:
|
1. F2018-69.pdf
|
ro —i 2014-2018 - CHICAGO FIVE-YEAR 1 HOUSING PLAN Strengthening Neighborhoods — Increasing Affordability. 2018 THIRD QUARTER PROGRESS REPORT JULY-SEPTEIViB CHICAGO DEPARTMENT OF PLANNING & DEVELOPMENT LETTER FROM THE COMMISSIONER We are pleased to submit the 2018 Third Quarter Progress Report, which presents the Department of Planning and Development's progress on the goals set forth in Bouncing Back, the City's fifth Five-Year Housing Plan covering the years 2014-2018. This year continues to bean eventful one, as we transition to a new, free-standing Department of Housing and oversee the collaborative process that will result in the creation ofthe next Five-Year Plan for the years 2019-23. During the third quarter of 2018, the City solicited input into this planning process at a public hearing and collected additional public comments and ideas for the Five-Year Plan at DPD's website. We also helped launch a new $30 million Opportunity Investment Fund to enhance affordability in high-cost neighborhoods, and authorized the latest expansion of our very popular Large Lots Program. Since 2009, the Department of Planning and Development (DPD) has been 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. As we transition to the new Department of Housing, our staff will continue to work closely with neighborhood groups, elected officials, state and federal agencies, and other community stakeholders. We at DPD could not succeed in our efforts without the ongoing support and cooperation of these valued partners. It is only through these relationships that we can continue to move forward in creating and preserving affordable housing for all residents of Chicago. David L. Reifman Commissioner Department of Planning and Development Quarter ending September 2018 Chicago Housing Plan 2014-2018 TABLE OF CONTENTS INTRODUCTION Creation and Preservation of Affordable Rental Units Multi-family Rehab and New Construction Other Multi-family Initiatives|1010|2 4 Promotion and Support of Homeownership Improvement and Preservation of Homes Policy, Legislative Affairs and Other Issues 5 6 7 APPENDICES 1.2018 Estimates of Production by Income Level Commitments and Production Comparison to Plan Production by Income Level Summaries of Approved Multi-family Developments Montclare Senior Residences of Calumet Heights Clark-Estes Apartments Accessible Units in Approved Multi-family Developments Multi-family Development Closings Multi-family Loan Commitments Multi-family TIF Commitments Low Income Housing Tax Credit Commitments 10. Illinois Affordable Housing Tax Credit Commitments Chicago Low Income Housing Trust Fund Commitments Troubled Buildings Initiative I (Multi-family) TIF Neighborhood Improvement Program (Single-family) Historic Chicago Bungalow Initiative Neighborhood Lending Program AHOF / MAUI Allocations and Commitments Affordable Requirements Ordinance Density Bonus Commitments CHA "Plan for Transformation" Commitments REFERENCE Chicago Metropolitan Area Median Incomes City of Chicago Maximum Affordable Monthly Rents wis Chicago Housing Plan 2014-2018 INTRODUCTION T his document is the 2018 Third Quarter Progress Report on the Chicago Department of Planning and Development's housing plan, Bouncing Back: Five-Year Housing Plan 2014-18. For 2018, DPD is projecting commitments of more than $321 million to assist over 8,500 units of housing. Through the third quarterof2018, the Department has committed nearly $129 million in funds to support over 6,700 units, which represents 78% ofthe 2018 unit goal and 40% ofthe resource allocation goal. Chicago Housing Plan 2014-2018 CREATION AND PRESERVATION OF AFFORDABLE RENTAL UNITS In 2018, the Department of Planning and Development expects to commit almost $283 million to support nearly 6,000 units of affordable rental housing. DPD initiatives support new construction, rehab of abandoned or deteriorated properties and direct rental subsidies. Through the third quarter, DPD has committed almost $90 million in resources to support 4,534 units. These numbers represent 77% ofthe 2018 multi-family unit goal and 33% of the multi-family resource allocation goal. Multi-family Rehab and New Construction Montclare Senior Residences of Calumet Heights A $38.3 million, mixed-income senior apartment building will be constructed in Calumet Heights through a financial package approved on July 25 by the City Council. Montclare Senior Residences of Calumet Heights will be developed by MR Properties LLC on a five-acre site at 9401 South Stony Island Avenue in the 8th Ward. City support will include a $9.5 million Multi-family loan, $3 million in TIF assistance, and a $1.3 million loan from the Chicago Low Income Housing Trust Fund, which will also provide rental assistance for 26 units. An additional 34 units will qualify for project-based rental assistance from the CHA. The seven-story structure will contain a total of 134 one- and two-bedroom apartments, of which 104 will be affordable for independent seniors at up to 60% of Area Median Income; the other thirty will have no income restrictions. Building amenities will include a community room, fitness center, library, media room, computer lab, beauty salon and laundry room. This mixed-income rental development to be constructed on an empty lot at the corner of 94th Street and Stony Island Avenue will feature upscale amenities designed to attract senior homeowners who are considering transitioning to an apartment. Chicago Housing Plan 2014-2018 Clark-Estes Apartments Construction of an $18.8 million affordable rental development in the Rogers Park community is now underway following City approval of $ 1.7 million in Low Income Housing Tax Credits. The tax credits will generate $15.8 million in equity for the 54-unit Clark-Estes Apartments, which is being developed by Ross Financial Services, Inc. The four-story building, located at 1763 West Estes Avenue in the 49th Ward, will contain a mix of studio, one-bedroom and two-bedroom apartments, all affordable to households at or below 60% of AMI. Fifteen units will be set aside for persons below 15% of AMI, supported by project-based rental assistance from the CHA. Social services will be provided by Trilogy, Inc., a Rogers Park-based non-profit that specializes in helping persons recovering from mental llness. The building's ground floor will contain twenty indoor parking spaces along with a community room, management offices, 3,400 square feet of commercial space and other amenities. Construction is expected to be completed in the fourth quarter of 2019. Chicago Housing Plan 2014-2018 Other Multi-family Initiatives New Loan Fund Will Boost Affordable Rental Housing in High-Cost Neighborhoods On July 25 the City Council approved a $5 million City contribution to the Opportunity Investment Fund (OIF), which will expand housing affordability in high-cost neighborhoods. Developed by Community Investment Corporation in partnership with the City of Chicago, the OIF will provide low-cost loans to purchasers of multi-family buildings in targeted areas in exchange for the buyer's commitment to make at least 20 percent of the units affordable for a minimum of fifteen years. Over the next five years, the $30 million joint public/private initiative will fund an estimated 300 affordable units in designated target areas where less than 20 percent of residents live below the poverty level. These units will be leased to tenants making up to 50 percent of Area Median Income, which ranges from $29,600 for one person to $42,300 for a family of four. "When the public sector, private sector and non-profits work together, we can create stronger communities and make affordable choices available for Chicagoans in every neighborhood," Mayor Emanuel said. The non-profit Community Investment Corporation (CIC) will administer the fund, with financing from the City's Affordable Housing Opportunity Fund, MB Financial Bank and other public and private sources. The initiative will be coordinated with the CHA's project-based voucher program, which provides rental subsidies to tenants in privately owned buildings. Chicago Housing Plan 2014-2018 PROMOTION AND SUPPORT OF HOMEOWNERSHIP In 2018, the Department of Planning and Development expects to commit almost $24 million to help over 500 households achieve or sustain homeownership. DPD initiatives support the construction of new homes, the acquisition and rehab of deteriorated and abandoned properties and financing programs for home purchase and rehabilitation. Through the third quarter, the Department has committed more than $24 million to support 356 units. These numbers represent 40% ofthe 2018 homeownership unit goal and 68% ofthe hmeownership resource allocation goal. North Lawndale to Host Parade of Homes Building on the success of a similar venture now underway in the Grand Boulevard community, the City has announced the North Lawndale Parade of Homes, targeting 43 City-owned vacant lots in the 24th Ward. Through a Request for Applications (RFA) issued on September 19, the Department of Planning and Development will select developers to design, build, market and sell affordable owner-occupied housing at these locations. Like the Third Ward Parade of Homes, the North Lawndale sites are dispersed along several blocks to better integrate them into the existing neighborhood fabric and encourage further development. Unlike the earlier Parade, the new initiative's focus will be on affordability, targeting buyers with incomes at or below 140% of AMI. The lots will be transferred to approved developers for as little as $1 each under DPD's City Lots for Working Families program. To maintain affordability, sales prices will be capped at an estimated $355,000 for a three-bedroom home and $400,000 for four bedrooms. Responses to the RFA were accepted through November 5. Quarter ending September 2018 Chicago Housing Plan 2014-2018 IMPROVEMENT AND PRESERVATION OF HOMES In 2018, the Department of Planning and Development expects to commit over $21 million to assist nearly 2,200 households repair, modify or improve their homes. DPD initiatives support emergency repairs, energy efficiency improvements and financing programs to help existing homeowners keep their homes. Through the third quarter, DPD has committed over $14 million in resources to support 1,812 units. These numbers represent 82% of the 2018 improvement and preservation unit goal and 69% ofthe improvement and preservation resource allocation goal. Due to its success in delivering energy-efficiency upgrades to bungalows and other vintage homes, the Chicago Bungalow Association (CBA) has qualified for additional funding from Peoples Gas and Commonwealth Edison to serve an extra 250 households in 2018 through the Energy Savers Program. CBA, a DPD-funded delegate agency, provides these retrofits to 1,000 low- and moderate income homeowners each year in neighborhoods across Chicago. Chicago Housing Plan 2014-2018 POLICY, LEGISLATIVE AFFAIRS AND OTHER ISSUES City Collects Ideas for Next Five-Year Plan The Department of Planning and Development (DPD) invited Chicagoans' comments and ideasforthe City's next five-year housing plan in a September 13 public hearing atthe Harold Washington Library. The new plan, to be titled One Chicago: Housing Strategies for a Thriving City, will establish priorities and objectives focused on the housing needs of Chicago's neighborhoods for the years 2019 through 2023. The public hearing was attended by members ofthe plan's Steering and Advisory Committees, along with Aid. Joe Moore (49), Chair ofthe Housing and Real Estate Committee, and key DPD staff. One Chicago will be the City's sixth five-year plan since 1994. Collectively, these blueprints have led to the investment of $8 billion in public resources and enabled the creation or preservation of more than 220,000 units across the city. Bouncing Back, the 2014-18 Plan, responded to a housing market crash and recession that left a landscape of depressed home values and foreclosures in its wake. The 2019-23 Plan recognizes that the return ofthe housing market now presents a different set of challenges, including displacement and gentrification in some neighborhoods, while we still must address lowproperty values, depopulation and the legacy of segregation in many other communities. This year the City has made the planning process more inclusive than ever before, aided by a 120-member Advisory Committee that is twice the size as for previous plans. "Public input will ensure the plan addresses a wide range of community concerns about neighborhood housing markets and the needs of local residents, including families, seniors, veterans, people with special needs and other community stakeholders," said DPD Commissioner David Reifman. A total of thirty persons offered testimony at the September 13 event, joining an additional seventy written comments that were submitted at DPD's website during a public comment period that closed on September 9. The new plan was introduced for adoption by the City Council in November. Chicago Housing Plan 2014-2018 Large Lot Program Update Nearly 2,200 applications to buy City-owned vacant lots for $ 1 each are currently being reviewed by DPD in the seventh and latest round ofthe popular Large Lot Program. Since it began in 2014, the program has transferred more than 1,200 parcels to nearby residents and non-profit organizations for use as community gardens, side yards and other legally permitted purposes. The most recent round, which closed on July 21, offered a total of 4,000 lots on the South and West Sides, representing more than two dozen ofthe city's 77 community areas. To qualify as a buyer, applicants were required to own property on the same block, be current on property taxes and have no outstanding debt to the City. Preparations are already underway for the eighth program round, which is expected to be launched in December 2018. More information on this offering will be available at that time on the Large Lots website at .
Community gardens have proved to be a popular use for parcels acquired via the Large Lot Program. These two gardens in Woodlawn were among 322 lots sold through the program's initial offering in 2014.
Chicago Housing Plan 2014-2018
APPENDICES
Appendices - 1
O : (M
o i —
OOO!
ca ; o u-):
— i 1^ :
. ¦
¦- o 00 o
;CN:
¦w
_ 5
18
O
>-CO
>
iz
¦go
o I—
coU c Z) c Q
oO
CO
O U_ c O
E _
°!<
Q. ^ CD -<
Q i=
CO
LU CO
o
CN|1010|o
o. z
>-m|1010|
co
> 5
u.
=> Q O
Q_- .
o
Z . co
o
o o
OIO
" o
o
o ,o o~'
I/) LT) LT> LT>
iU'U
; D 1 C !_Q : OiC. O I — ¦ o 1 "O
I °
-T-3 J
' £ "« <
¦ -» ¦ -t | ^£ ¦ CO , O
-3 isis!r! =
1 OJ j o_ "a:"o, o
o I CO in: co-
o o o o o o
: o. ii;
3!
o
, _ Si ?¦ £'a>
k. ?r5 u ' "55: m or o
i _Q u i "D C -C
!"s:-!-§. s-<2
,£\ S; o, s ._ !
CN
¦in;-. O
•o o
Tn
O CN
.a.
o o o
fit
IN CN
o
Cl.
ca < Q
o
o
Appendices - 2
o o
CN —
O O I CO | cn
o i o i o o o1 — o t ¦— in h-
ao
co
CN
i- o
GO -O
o
IN., in:
5 O
u>
Zi
>-> co
to
Z £ 5?|1010|
o.<=>
3=
£2
ri tf
<->, CO
O
¦I
o ho CO o oo Iro o !cn m
rv1-1
" lu, Z H-
3 ¦<;.
¦ u. isr
UO I LO
oo' —
00 ! CO -— : CO CD CO
in,
o-;
IN;
co o
CN-00
o-Jco o~| co"
in! o cn 1 LT> •o j CO
t/> t/> t/5
co*
LU >
Z
o
Q O
Q.
O:
z
CO
=>
o> ^ E E
0)
£i£;
¦|!< !
is E
? £ -5lU|
:= £:-
O j cO j -
E i D)| O
5 «
£i£
£ £
£ S
i q_ ; a. j a. j £
CD oY Ol1 O
C C' Ci t
c ¦ c c
0) CU ¦ 03 ?
—I —' | —I _o
¦ "O ¦ ~D j ~D . D
CO LU
'.!<
>-u
<
LU
o t= <
-si gl ii1
5 <~>
U!
<,<
¦ [ Q_ !
d ; PI
u_ ; oo ! aj!
U ZZ Z'l
Appendices - 3
n « ni n
2 I
u t
co oo O co
I ¦
OO fcO */> *jO «/>
00 00 oo 00
www «y> , co; oo oo,
oo oo oo oo 1 oo or>!V>!
¦000 000 000
I IO tO 00
(O f)
«/» OO OO OO OO OO OO OO I OO OO.OOIOO
> !<|1010|o|1010|Z
z O
i=-U Z>" Q
O ai. a.
,0, Z-;
LO
D
o
<
Q
z <
o
J ii
j: I o ¦
I. CZ 1 - I CO I
< X : h- Q- r-
o o
m < a rr: O
<
r-
o
Appendices - 4
co ! ro
o
hi If
LO O
¦ i*- t- ld . co
z
O-
o
I— c Z
Q) O
E to Q.J2 co
Q 0 o -a <-> ^
C Z CD
cog E
¦IDs
C 2 cu
_D O LO
o_ O '
° °- >.
E < c t co o
D I— CL Z CD m
Q
!!i Z
o =>
§1
GO GO OO
OO i GO OO OO
oo (/>;»/> oo oo oo oo oo oo oo
T I O ¦ O LO
?
"! CD ¦ CO . j cn lo co
OO I OO OO OO OO OO ; OO ! OO ! OO
¦«*¦ I O CD ¦ OJ
¦^r ; cd cd -rr
CJ i CD j I— ; CD
O LO CO o
o . r— ¦ cd
OO ; oo , oo
LO cm ' OJ lo ¦
GO GO OO OO
OO j OO | OO
to i to - to i c/>
o
r—
u
Z) Q
O
,; --foe ¦¦¦¦¦¦ o_
.¦:v,0-:-
to
*fe;Z>iS&
' 53 J E, E ¦
; E • ™ - ra :
Q_ . -=
"O "O "O
iz tz ¦ CZ !
, CL) CD 03 i
O ¦ "° ~° ! TZ>
<
O O
CO LU >
<
.™|olm: !S!
e. 8.' =-.¦ E i=:
tm : a>; ~ ¦ o . ^>,
< ' 2T ! O JI Cl !
: w : tzn -E -iz
. X3 -O , -O ¦ . V -CZ _£Z _£Z ' J= Ol CD CD
o 21 2: 21 n:
Appendices - 5
: O
-o: r-^
IT) j —
,— o —
ro cn oi ¦— rtiro in
? o
6 2
o oo
'¦—-o cOiQ
¦3 s
,S oo
o o
CN
-3-
oo
C LU I >
I-1
CD >
0)
Q _
-U
D Z CO —
• - >~ c CQ
O -7"
O —
ro ld
CO CN
¦— ! CO
ro lo
CN
S!°0
LO CN
S3
co
|1010|L4—
c
cd
E
L_
D
a cu Q
U
Q O
OH
o
D
c
D
CO LLI . >
z
o
I—
u
=> Q'
o
an,
Q_
o
CO
o
X
!T3
IU CO m
¦I 9
: D O
: X
: cu c o
CJ) ^ LO
o o _o
DJ .J.|910|t *; CO
O|99|LL.|1099|i=
o X
O
o
i/i D
E «
r2|910|CD CL
Id o
O U O
= u < S
CO
E o
O LO i ^
— i 9?! !
U i Jtl .
o;
to i
I' e
E. S.ii
co ¦ u>
-ii O +
'5 (J1 »>
O
T> .
O, D it
CO <
a
ac O
|1010|o
Appendices - 6
co
co
S3
| CO : CO
m -01
! r\; 01:
CN
00
CN
.- o
eo Q
CO ! CM ¦— CN
CO CN
|1010|O.
u z
>-.
CQ
Z =5
^
N5
° S
r-^ r—
1— j CN :
¦— OI CO CN O- 1 ¦— 1 O. CN
O O LO r-^ CN ¦—
ft*
-§3
co
•— -— O;CN CO
00
o
.CO"
ft
CO
?LU >
Z
o
I—
u
ID Q
O cv:
cu
O
CO
ID
o
.x
U
O
LO
CD
-SI .si
O ; Oj. it; u ! <.Z;
^1
E' o
E
o!
M— !
CD j •
i 03 i
! _o> 1
' _Q ' 3:
01
m: o>. o; _3>I "> I iii
O CD LL. Q- : 1— . r~ I Q- ; r— !
lo ! CL i_ : CD
i CO
oj ! c;
I o'. oj
; x = .g
o b .
o E
Q£ LU
. c
I|910|c
c
CD
-J £
C I CD
1:1
c/> m
-Sis,
E 0)
E. o
o.
Q_ I .
Ei E 00
00 cd; 0.0
H Q_ ; CL. j Q_ j _i
Tl "Dl±
OJ i CD 5 _li_j]_0
-O ! T>
o o o o
9- oo' OT or o tt ¦ C C C :-;=
'-E;-o
o, o
_OI -Q
! O : O _Q ; O
¦ -c: _c
CO
03 O) o
CD OJ 1 ii?
z z "x
j.2> o : oj ; _q ¦ ! Z :
x' ^ . cn 1 'cd U Z
CO
o o
CL.
I
LU CO LU C£ 0_|1010|o
x
r
i< O
Appendices -
[This page intentionally left blank]
Appendices - 8
City of Chicago Department of Planning and Development
Summaries of Approved Multi-family Developments Third Quarter 2018
Montclare Senior Residences of Calumet Heights
MR Properties LLC 9401 S. Stony Island Avenue
Clark-Estes Apartments
Ross Financial Services, Inc. 1 763 W. Estes Avenue 7070 N. Clark Street
Appendices - 9
City of Chicago Department of Planning and Development Third Quarter 2018
Project Summary: Montclare Senior Residences of Calumet Heights
BORROWER/DEVELOPER: MR Properties LLC
FOR PROFIT/NOT-FOR-PROFIT: For-Profit
PROJECT NAME AND ADDRESSES: Montclare Senior Residences of Calumet Heights
9401 S. Stony Island Ave.
WARD AND ALDERMAN: 8th Ward
Alderman Michelle Hams
COMMUNITY AREA: Calumet Heights
CITY COUNCIL APPROVAL: July 25, 2018
PROJECT DESCRIPTION: Construction of a $38.3 million, mixed-income apartment
complex for independent seniors on a vacant five-acre site. The seven-story building will contain a total of 134 one- and two-bedroom apartments, including 104 affordable for tenants at up to 60% of AMI. Of these units, sixty will qualify for rental assistance from the CHA or the Chicago Low Income Housing Trust Fund. Building amenities will include a community meeting room, fitness center, media room, library, computer lab, beauty salon and laundry room.
Multi-family Loan: $9,526,525
TIF Funds: $3,000,000
MAUI: $1,300,000
Appendices - 10
Project Summary: Montclare Senior Residences of Calumet Heights Page 2
UNIT MIX / RENTS
Type Number Rent* Income Levels Served
1 bedroom 17 $315 30% AMI (MAUI)
1 bedroom|99|$359 30% AMI
1 bedroom|99|$800 30% AMI (CHA)
1 bedroom 17 $640 50% AMI
1 bedroom 28 $800 50% AMI (CHA)
1 bedroom 29 $750 60% AMI
2 bedroom|99|$850 60% AMI
2 bedroom 30 $1,040 Market Rate
TOTAL 134
* Tenants pay for electricity and electric cooking.
DEVELOPMENT COSTS
Category Amount Per Unit % of Project
Acquisition $ 835,000 $ 6,231 2.2%
Construction $ 30,962,366 $ 231,062 80.8%
Developer Fee $ 1,296,463 $ 9,675 3.4%,
Reserves $ 2,155,551 $ 16,086 5.6%
Other Soft Costs $ 3,087,805 $ 23,043 8.1%
TOTAL $38,337,185 $ 286,098 100%
PROJECT FINANCING
Source Amount Rate Per Unit % of Project
LI HTC Equity $ 16,945,791 S 126,461 44.2%
DPD Loan $ 9,526,525 S 71,093 24.8%
CLIHTF (MAUI) $ 1,300,000 $ 9,701 3.4%
HUD Loans $ 9,200,000 4.5% $ 68.657 24.0%
DTC Equity $ 549.000 $ 4,097 1.4%
Deferred Developer Fee $ 538,014 $ 4,015 1.4%
Other private sources $ 277,855 $ 2,074 0.7%
TOTAL $38,337,185 $ 286,098 100%
Appendices - 11
City of Chicago Department of Planning and Development Third Quarter 2018
Project Summary: Clark-Estes Apartments
Ross Financial Services, Inc. For-Profit
Clark-Estes Apartments 1763 W. Estes Ave. 7070 N. Clark St.
49th Ward
Alderman Joseph A. Moore
Rogers Park
n/a
Construction of an $18.8 million, mixed-use apartment complex containing 54 units, all affordable to households at or below 60% of AMI . Fifteen units will be set aside for persons below 15% of AMI, supported by project-based rental vouchers from the CHA. Social services will be provided by Trilogy, Inc. a Rogers Park-based non-profit that specializes in helping persons recovering from mental illness. The four-story building's ground floor will also include 3,400 square feet of commercial space.
$1,660,000 in 9% credits generating $16,945,791 in equity
Appendices - 12
Project Summary: Clark-Estes Apartments Page 2
UNIT MIX/RENTS
Type Number Rent* Income Levels Served
Studio|99|$349 30% AMI
Studio 11 $771 60% AMI
1 bedroom 9 $962 30% AMI
1 bedroom 11 $816 60% AMI
I bedroom|99|$962 60% AMI
2 bedroom|99|$1,298 30% AMI
2 bedroom 13 $984 60% AMI
2 bedroom|99|$1,298 60% AMI
TOTAL 54
* Tenants pay for electric heat, electric cooking and other electric.
DEVELOPMENT COSTS
Category Amount Per Unit % of Project
Acquisition $ 1,768,500 $ 32,750 9.4%
Construction $ 13,057,515 $ 241,806 69.3%
Developer Fee $ 500,465 $ 9.268 2.7%.
Other Soft Costs $ 3,519,810 S 65,182 18.7%
TOTAL $ 18,846,290 $ 349,005 100%
PROJECT FINANCING
Source Amount Rate Per Unit % of Project
LI HTC Equity $ 15,768,423 $ 292,008 83.7%
Deferred Developer Fee $ 499,535 $ 9,251 2.7%,
ComEd Energy Grant $ 178.232 S 3,301 0.9%,
Other private sources $ 2,400,100 $ 44,446 12.7%
TOTAL $ 18,846,290 $ 349,005 . 100%
Appendices - 13
§1
a> u.
CO
I—
o_
o
I
LU
> LU
Q
>-
c
CD
oo
o
CN
E o. _o
OJ
> a>
a>
E a>
Q.
a> co
a
c o
O)
c "c c o|1010|a o
LU CO
>
o
o_
Q_ <
co ¦—
3 5.
'0 o
O o
C
a> E ¦c o
LU
Q_ U_
CO
Q _
CO
CO CO LU
u
U <
a
tz a
-o ¦a
r<
CO
Z 3
c •
-;ca.
£ a. _o
0)
Appendices - 1
c
. a>
E
E o U
Ul
"5
CO
c o
u
C
o
u i_ 0 ~D C
=3
c o
c
o
u i_
~D C
Z>
c o
u 3
C O u
CD ~D
C =)
c o|1010|C
o
u|10 10|C
Z3|10 10|'a.
D
c o
TO JJ JD
a.
E o U
to O c Z
p aO co o —i
oh -Q Z ©
tj ^ "
o dZ -Q
c c
C ^ <|)
—
o_ a>
CO
o
C O
° >
c =!
I <
_0)
. o Q
CO
£
"to
_o U
"CD C Q
3
O D
^°
* Li
c
• "a
D
O
CN
o
CN
to
CN
Tf
tn tj
o
CN
00 CN
O CN
tn
CN
t
o tn
O CN
in
CN
o
CN
o
CN
CN
o
CN
o
CN
CD
00 CN
o
CN
Tt
00
o
CN
CO CN
CN
_0
"5 5
E
a
_o
>
,a> Q
c
CD
E r o a. <
c o >-p -a
OJ
u c
OJ ~D
c
CU CL OJ
"a
c
OJ
E
T D Q.
<
C D
t_ D
C
o JE r
o Z
c
D
E E o U
o
_c
o
u c
c 0
E r o
CL <
C
o p
0 0
t/5
_o >-
D
0 >
o 'E
D D_
>. C D
Appendices - 15
o 2
,- o
oo o.
co
io
CO
h-c Z
E < oo
°- til. —
_o h o
Q) ^ CN
o -5
e <: -2
C ^ Q.
C U O _l CO
2 i
£3
c o
<
. c o o
: O
rti
D_ 0
'E <
CM
O
o c>
o~ o o
•o 9
co
^ o co ^
CO "
o „
tt CO
S3 CN LO
o <
-o
IO CN Ul •O CN
¦ m
(D —I
Q Z>|10 10|CL
_o
; 0 ¦¦ > 1|10 10|
|10 10|E
z
-c
: 0
E ¦"a _o|10 10|¦ :>l|10 10|CL
O U
1 £
O CL
O) o
8 f
1£ a,
u a
(J
a
o
LO
O
U
a, 0-
o|910|=> CL|10 9|<
-p
CO
|1010|¦.o
Appendi
ices - 16
co 21
6°
O CO
.o ,--rco
r- O
co O
-°:cD
° s
V in
LT) Tf
-2 |S
<2 »
Tf
CO
,25
. c
- E E o
5r
o o ' o o
¦ o
O'
o_ co"
CO : i_ .
<¦
ti
CO
o. o
a:,
o .
E
O :
z ¦
"c . a,
E' .
CL
O =
u
OJ
a
i_ "O
a) «
3 -.CL 0<".
o
I—
Appendices - 17
.Units by Income Level ; I te 2 o;2 ¦
100%' o co o : CO ,
;Below. 80% O
Below, 60% QVV a- CO Pi'.CK- ¦
sBelow 50% CN CO ¦:; eo ¦¦
Below: 30% m UO -o
Below 15% r-- CN 'ft*® f^p- ¦¦ - I:
Total:-Unitsi o -¦3- CO m ID ¦o
Equity ; Generated : S 19,784,840 $ 16,945,791 S 15,768,423 $52,499,054
'#'§ .tT'8 x -°" O ^7 S 1,978,484 $ 1,978,484 000'099'L S , 1 0.:s
Ward; o t 00 o T
' to ¦.TJ.' • < • aj1 ¦¦¦¦¦ 'o ct 6400 N. Sheridan Rd. 9401 S. Stony Island Ave. 1763 W, EstesAve.
- -ex. • . o; , > cu Q Chicago Housing Authority MR Properties LLC Ross Financial Services, Inc
13 ' E • o Z; /-' c -':rcu' -.E a. o CD . . ¦ > ¦ ¦ aj-.-. ^ a Caroline Hedger Apartments Montclare Senior Residences of Calumet Heights Clark-Estes Apartments
"O dl > o . a. •.¦:<, ' o a 2nd Tj CO ~D CO
¦.' ¦ . DPD 4%} CREDITS ;DRD 9%;-:"" 'CREDITS, - :
Appendices - 18
OS
ri- O 00 o
'Si.00.
-I 8 eg -o
"FIT
OS
jg>>
CO
I— Z
LU
o
n U CO
_0 LU r—
Q O
i h- •
.E -T «
J " <2
¦3 ¦> ,
c
-s o =-
I
Q OC
< CO
O Z
o
¦TJ...
2 '
Q.
:"-¦'< '
Q
CL
0 ,
c _2 o o
S u
"O « . «> •
rj cl
0\£
<;¦;¦ )— ¦ O
Appendices - 19
Appendices - 20
CO CD CO
Appendices - 21
<- Vi
w
CO ~g
o 5
CD CQ
ca "2
o|910|B S
ca o
CD "2
e>
>- CD
ca o
CD CQ|1010|
: ^ ; -
3 :
CO
o
CN
o"
CO i_
o
-a jq
LL ®
a. E co
CT)
¦i s
l/)
£ I
S 5
I zi
Z < 1*
O LO
CT)
a a
IE =
T3 -
¦o-t»:r
ca
Appendices - 22
•a1" ¦a ,<
o
ro Q
Appendices - 24
"OA
^ cg-^-oorocotococo*— lot— ^(M^to^JriDtD
<
'Eh-.-
3SSV
E,* '*' E -•
O.".
s
o
¦o t.-
¦ *»:>; ¦o- ¦
<-.;-.:
o»'c' jo
-'5 ,
CO :
£ ra X
e
o O
Appendices - 25
3&
Vyi""
- i'< 'v£'4
-¦vo- ¦ ¦ O. •,. /.'
.TO' j*.f'
S
x: V
00
o
CN
O CO
¦a
<•
CD
-O -Q
C
E a>
¦4—
Q. 0) 00
|1010|00
CT)
o
u
o
"D
0 CO
CT)
a o U ac
Q
GO
Appendices - 26
-<•¦¦•¦
& ¦:
'c ¦
in w
•a
<.V-
3 CQ
¦¦ e ¦ -: i.:.
< EE
CO ^
o
S|910|CO O
a) co
c5
o
CO
c_>
GO
O
i
i
E
E ra O
O O
Appendices - 27
<--^.v,.'n»
<
- ,',tC
.-¦ i-;.3 •WE -' ,V;E
E
OJ
o
E
ro U
,-StV
¦ . a>
. ¦.-. c ¦
•¦- ¦ is-II.
o
"OJ
O
E O
Appendices - 28
Appendices - 29
v
n:.
••••>*
.•.'•••.5f»e'
• . v E >' ¦ '.'Ei
•*. ¦' O' f
o
T3
TJ
; <
*,' o>
CQ
O O
o
c: S
Appendices - 30
i-cn-r-T-T-T-'j-tr)
<¦.-.
' °E-
E E o o
o s
o s
O
o
Appendices - 31
o o
E <
<
c|1010|£ E
o O
00
o
CN
o"
CO 1_ OJ
""O _D
LL. 2 0
E <^
CT)
¦§ s * J
oj o
t o o =
il <
it
O LO
CT)
O CT
U a:
73'
¦¦¦o-
. <¦ ¦¦
a>
- c
Appendices - 32
CO t— CM t—
e~*v.-.
£
•¦ £•',' r,T-
'J. .P-'".;
CO
O CN
o"
CO
o
-a _q lu ®
-r- Q.
E
51
CT (J O
¦o,;,
isjifll,'.'
CO--''
< to
>-1U in JQ D CO
o
CT) . CT CT
^1 U at
o o
E a3 O
Appendices - 33
¦<— ¦>— OJ
mm
i 3 •
;.,<.
" cn
E ro X
o 5
Appendices - 34
14k
.<.-
•Ey
l'E'.'V;.-O , O.-.i-;-
e
Zl
x
CO
CD
¦p ->.|1010|
-o
<
CO
CTI,
o.
E o
o
s o
X
<
Appendices - 35
111
ililliiiiiliiifj
to
B
00
o
CN
o*
CO
I; i
I 8
3 S|1010|
§5
I
o to D) _ o a
U Qi
ii
i
II
Hi
1!
t
I!
fill!
mm
I
fill
1111
i
i
111
t—
I
ill! Hi
¦ 3 ¦
*'.'¦-.<
E is X
5?
< ,-|1010|• co
o|1010|E o O
E <
Appendices - 37
<
c|1010|E E o o
_
c
D
o
CN
o
CO
o
E o
Q. 0) CO
in
' in
¦ X)
<
o>
3':
ca
O)
51
O u O
>-ID ' _D
O CO CT) _ ? O
^1
U c*
ro
o
Appendices - 38
CO t- CM i- t-
TO
2*. civ
3:'-
. I' O
O *
00
o
CN
o"
CO
1_
OJ
~c
LU O -7 °-
E co
CT)
£.2
g s
o J
E" <
O LO
CT)
CT O
^1
XI '
x>-
<
CT);
v.
o
Appendices - 39
We
V
'MR:
oo
o
CN
CD CO
L_
-D jQ
LU 0)
Q.
« O 2 LO
' 6>
- 3 CO
in
=> <2
o 5
o
u
o
-Q D
O LO
CT)
O D
u c2
mm
CO
o
CN
o"
CO
l_
"CT JQ LU O
2 to
15 o* -
<
c '
¦
• o* .o •
x • •
to
.<» *,«>• ^ t.
TD . T3
<¦:.
¦ OJ:'"
|1010|
D u O
TJ 'in -Q ~~ D O CO
CT)
CT CT
J I U at
Appendices - 41
Department of Planning and Development TROUBLED BUILDINGS INITIATIVE I (Multi-family) January 1 - September 30, 201 8
flQubrter-Rirstj Counted Primary Address ¦ ¦ ¦ ¦ ¦¦¦ Units .:%>-,¦¦¦¦¦¦ ¦ .'spiifi"-;;::, -§|ff TBI Stalus;-.: ¦ :- ¦ ¦ :',mm»il$m ¦¦: Ward - Community Area
2018,1 1320 S. Millard|99|In Court 24 North Lawndale
2018,1 1322 S Lawndale|99|Under Receivership 24 North Lawndale
2018,1 2156-2158 W. 21st St 21 In Court 25 Lower West Side
2018,1 2201-09 E 67TH ST 18 Recovered|99|South Shore
2018,1 2440-52 E 75th St / 7445-47 S Phillips Ave 19 Stabilized|99|South Shore
2018,1 313-15 E 60TH ST|99|Recovered 20 Washington Park
2018,1 4134 W Wilcox 20 Stabilized 28 West Garfield Park
2018,1 5621 S. Ashland|99|Under Receivership 16 West Englewood
2018,1 5850-54 S Campbell/2502 W 59th St 9 Recovered 16 Gage Park
2018,1 6112 S VERNON|99|Under Receivership 20 Woodlawn
2018,1 6219-21 S. Rhodes Ave.|99|In Court 20 Woodlawn
2018,1 6221 S. ST. LAWRENCE AVE.|99|In Court 20 Woodlawn
2018,1 6501 S Kenwood Ave|99|In Court 20 Woodlawn
2018,1 6732-34 S Perry 6. Recovered|99|Greater Grand Crossing
2018,1 6750-58 S Green 10 Stabilized|99|Englewood
2018,1 739-41 S INDEPENDENCE BLVD 12 Under Receivership 24 East Garfield Park
2018,1 7655 S Carpenter/1024 W 77th St 10 In Court 17 Auburn Gresham
2018,1 936-42 E. 80th ST. 12 Stabilized|99|Chatham
2018,2 1 1259-61 S Edbrooke/1 40-50 E. 113th St 21 Stabilized 9 Roseland
2018,2 1134 W Marquette 10 Under Receivership 16 Englewood
2018,2 1222 W. 60 th|99|Under Receivership 16 West Englewood
2018,2 1320 S. Millard|99|In Court 24 North Lawndale
2018,2 1322 S Lawndale|99|Under Receivership 24 North Lawndale
2018,2 1406-08 S Hamlin|99|Under Receivership 24 North Lawndale
2018,2 2156-2158 W. 21st St 21 In Court 25 Lower West Side
2018,2 2837-45 E 80th St / 8001 S Muskegon Ave 19 Under Receivership|99|South Chicago
2018,2 3263 W. Fulton|99|In Court 28 East Garfield Park
2018,2 4134 Wilcox|99|Stabilized 28 West Garfield Park
2018,2 5751-59 S Michigan Ave 28 Recovered 20 Washington Park
2018,2 5850-54 S Campbell/2502 W 59th St 9 Recovered 13 Chicago Lawn
2018,2 6001 S. Campbell|99|Stabilized 16 Chicago Lawn
2018,2 6011 S Campbell|99|Stabilized 16 Chicago Lawn
2018,2 6112 S Vernon|99|In Court 20 Woodlawn
2018,2 6501 S Kenwood Ave.|99|Under Receivership 20 Woodlawn
2018,2 6504-06 Sminerva Ave|99|In Court 20 Woodlawn
2018,2 6603 S. Campbell 10 Under Receivership 16 Chicago Lawn
2018,2 739-41 S Independence Blvd 12 Under Receivership 24 East Garfield Park
2018,2 8006-08 S. Ellis Ave|99|In Court|99|Chatham
2018,3 11 133-1 1 135 S Vernon Ave|99|Under Receivership 9 Pullman
2018,3 1134 W Marquette 10 Under Receivership 16 Englewood
2018,3 1 322 S Lawndale|99|Stabilized 24 North Lawndale
2018,3 1737W 51st Street|99|Under Receivership 16 New City
2018,3 2523-25 W 63rd St /6301 S Maplewood Ave 10 In Court 15 Chicago Lawn
2018,3 2837-45 E 80th St / 8001 S Muskegon Ave 19 Under Receivership|99|South Chicago
2018,3 3129-31 W 15th Sireet|99|Under Receivership 24 North Lawndale
2018,3 4134 Wilcox 20 Stabilized 28 West Garfield Park
2018,3 5108 S Calumet Ave|99|In Court|99|Washington Park
2018,3 5447 S Morgan/956-58 W Gaifield Boulevard 16 Stabilized|99|New City
2018,3 5621 S Ashland|99|In Court 17 West Englewood
2018,3 5928 S Prairie|99|Under Receivership 20 Washington Park
2018,3 6001 S Campbell|99|In Coutt 16 Chicago Lawn
2018,3 601 1 S Campbell|99|Stabilized 16 Chicago Lawn
2018,3 6223 S Vernon Ave 9 Stabilized 20 Woodlawn
2018,3 7400 S. Union 18 In Court 17 Englewood
2018,3 8025-27 S Maryland Ave|99|In Court|99|Chatham
Appendices - 42
co
r~ O
oo Q
o
CN
ID
>
OJ _l
OJ
•;E! o
o c
>. -Q
: C:
CN
¦o
*o CO
¦r o co ur,
toy.
CN CN
•o
oj
cq -
iff?-
MM
£5
"D OJ '
c -a
3 CV8 LU CJ . .
lu *c*l ";
r= X
CO CN
CN CN
o co
co
CN !">.
CN CN
CN
CN
CN CN CN
to
IS-* co
t3
b
>
cn cj
c '
Li oc3
c <
\_ CO
o
c
OJ
U o
CO
o u
ic
U
OJ
>
<
"5
u
OJ
E E o U
T5 O O|1010|_CJ
cn c
c aj U
0)
c o
Q_
¦o aj
a> u c a)
o
E
"a
i
c o
J
"5
D
D_
C
a> cn
o
CO
c
o
CO .
o u
Ic
(J
a
o o
"5 o
CO
c o
00
TS <
O u
t_
OJ
E E o U
c
_a
o o
to
CO
I
O
Appendices - 43
Q Ul Q
i-z:
LU
!:LU
w ce
CO
o
CN
o"
CO
CD -Q
z E O £
< CD — CO
CM
o
o
O o) 5
CO 3 "
CO o
0)
< f=
O o
—I o
a
OJ
u c
E ra k_
co o
< CD T--
Z i_
=3 fj»
CQ -Q
o|
< O
_ cu a.
TJ
a>
o
> o
I— Q.
in c
CD CQ
<2 o
OOO
% % Tt
Appendices - 44
Department of Planning and Development NEIGHBORHOOD LENDING PROGRAM January 1 - September 30, 2018
Quarter l?Re|prted''-: Primary Address . # of Units Loan Amount ; Ward Community. Area
2018,1 2547 W Pope John Paul II Dr|99|SI 50,400 15 Brighton Park
2018,1 6418 S Rhodes Ave|99|$143,750 20 Woodlawn
2018,1 6147 S Mozart|99|SI 40,000 16 Chicago Lawn
2018,1 1319 W. 110th St|99|$7,110 34 Morgan Park
2018,1 5700 S Honore|99|$15,000 18 West Englewood
2018,1 6442 S. LangleyAve|99|SI 96,500 20 Woodlawn
2018,1 8031 S Peoria Street|99|$213,450 21 Auburn Gresham
2018,1 6547 South Ellis, Unit 2N|99|$199,987 20 Woodlawn
2018,1 81 32 S Morgan Ave|99|$209,300 21 Auburn Gresham
2018,2 4720 S. Elizabeth St|99|$88,000 20 New City
2018,2 4907 S Knox Ave|99|$155,850 14 Garfield Ridge
2018,2 8527 S Tripp Avenue|99|$149,960 18 Ashburn
2018,2 1217 S Harding Ave|99|$245,500 24 North Lawndale
2018,2 241 W23rd Street|99|$35,000 25 Armour Square
2018,2 4844 S Marshfield Ave|99|$177,300 20 New City
2018,2 5749 S Talman|99|$129,100 16 Gage Park
2018,2 3957 W. Huron Ave|99|$89,300 37 Humboldt Park
2018,2 1949 S Hamlin Ave|99|$121,000 24 North Lawndale
2018,2 3433 Washington St|99|$95,200 28 East Garfield Park
2018,2 6151 S Champlain Ave|99|$245,100 20 Woodlawn
2018,2 7130 S Michigan Ave|99|$100,000|99|Greater Grand Crossing
2018,2 6442 S. Langley Ave|99|$193,000 20 Woodlawn
2018,2 12604 S. Wentworth|99|$39,200 9 West Pullman
2018,2 6445 S. Peoria|99|$10,000 16 Englewood
2018,2 12604 S. Wentworth|99|$10,000 9 West Pullman
2018,2 6445 S. Peoria|99|$139,000 16 Englewood
2018,2 6442 S. Langley Ave|99|$10,000 20 Woodlawn
2018,2 3524 West Franklin|99|$13,744 27 Humboldt Park
2018,2 7512 S Wabash Ave|99|$237,900|99|Greater Grand Crossing
2018,2 2531 S Whipple St|99|$130,400 12 South Lawndale
Appendices - 45
Department of Planning and Development NEIGHBORHOOD LENDING PROGRAM January 1 - September 30, 2018
/-QuarteWv- •Primary Address # off Unifsl fKilioan frAmount ¦ Ward Community Area
2018,2 8921 S. Jeffery Blvd|99|$128,000|99|Calumet Heights
2018,3 5921 W. Augusta|99|$280,000 29 Austin
2018,3 8004 S Blackstone Ave|99|$144,500|99|Avalon Park
2018,3 2822 S. Loomis|99|$21,500 11 Bridgeport
2018,3 1318 E 88th Place|99|$37,200|99|Calumet Heights
2018,3 5914 S Kedzie Avenue Unit 7|99|$24,400 23 Chicago Lawn
2018,3 3106 W Jackson Blvd|99|$171,500 28 East Garfield Park
2018,3 5601 N Sheridan RD Unit 13 D|99|$147,000 48 Edgewater
2018,3 6641 S May St|99|$76,200 16 Englewood
2018,3 5648 S Richmond St|99|$80,000 16 Gage Park
2018,3 1216 E. 73rd St.|99|$144,200|99|Greater Grand Crossing
2018,3 909 North Drake|99|$172,000 27 Humboldt Park
2018,3 4312 W 21st PL|99|$44,800 24 North Lawndale
2018,3 9318 S Prairie Avenue|99|$159,200 9 Roseland
2018,3 10622 S. Forest Ave.|99|$98,650 9 Roseland
2018,3 10629 S Edbrooke Ave|99|$10,000 9 Roseland
2018,3 2652 S Kedvale Avenue|99|$156,000 22 South Lawndale
2018,3 6059. S. Kolmar Ave.|99|$175,000 13 West Lawn
2018,3 1 2037 S Lafayette Ave|99|$88,500 9 West Pullman
2018,3 6208 S Evans Ave. Unit 2 & P-l|99|$53,300 20 Woodlawn
2018,3 6754 S Champlain Ave|99|$172,450 20 Woodlawn
2018,3 6335 S. Rhodes|99|$136,800 20 Woodlawn
2018,3 6420 S. St Lawrence|99|$199,500 20 Woodlawn
Appendices - 46
o o
ro
o cn
CM
o o
co ro
o~ co
^ LO
x: o ob <^
3 QJ
O x:
o <
-a c|1010|
c|1010|4-> 1_
o
Q. Q.
o
oo c
to C
o
ro u
lo
o
cu
¦8 s
TJ C
C/l
CU 3 C CL) > D CC
ro
o
ro u
IE u
#
T3 OJ >
'oj u OJ
cc
LO
ro
o rsi ¦
s
a
LO
o
CNJ I
ro O O rsi
O rsi
X> T3
OJ OJ
*lo *i/i
O O
Q_ Q_
OJ OJ
¦a c
CD
¦a
QJ
> 'qj
CJ QJ CC
l/l 01 3 C OJ
> aj oc
Q Q
T3 C rn
T3 ai >
'aj u aj ce
LO
CD C
ai > cu
DC
TJ OJ _>
'cu u a>
QC uo CJ 3 C OJ > QJ
OC
TJ C 3
C 3 ¦*-» i_
o a. o. O
00
_c
3 O I
0)
XJ ro TJ
<
fo o
LO
T3 C 3
C 3 t O
a. a. O
ao c
'in 3 O
X
QJ
-O
ro
T3 w
O
O
z o
r-< U
o
fM IN r-T in
°l
LO
O
CNI (N
r\T
c
OJ
a. >-
CO
c
Zi cr
r-. O O
co w
C
OJ
E
ai
Q. O OJ
>
ro
OJ
O
ao c
o
rN
sz
Oi) 3
LO io
LO
3 O X _0J
-D. ro TJ
c o
c o
00
¦ c
"S O
¦)-> -E-
Vi rjj
§¦ ^
L/l O
aj o
oj c
ro
CO C
QJ JZ
ro
0)
O O
o <3-
c
cu
OJ
>. 00
_qj
XI CO
¦a i_
o
O ™
c
01
E
OJ 'zi
cr cu oc
XI
ro T3
<
CN
c o
OJ Q.|1010|o ~
N o taj
c TJ
¦— aj
t. ^
"> r
4-* CJJ
LO XI
co r-T
r>s
TJ c|1010|
CtO
c
LO
3 O X
OJ
E o
u c
o
ao ro u
Ic u
o
CO LO
ro
QJ JZ
TJ
QJ
4-"
X)
°k_ +J
c o o
QJ XI
c TJ
£ s
cr aj oc
TS O
O CL CJ TJ
ro 3 ^ i
in ro
O x: rsi
x: "S
00 ^
3 c =
O 111 -i-i
2 fc! ^
£ « 3
I Q_ LU
QJ
E
QJ
L_
'5 cr cj cc _aj
XI ro
TJ
<
LO
fN s
QJ|910|¦B o
v. 00
QJ CO
x:
Cf Ji
LO ^
r^1 cj
ao ^
.E H
ro c
LO u
QJ O
4-« CM
L. ^—I
& o
tt <
QJ
E .1
tz u
— QJ
S °
O CC
c
QJ
£
E E o
u
g
Q.
rC <
Si 1/1
o
= <"
QJ ~5
S o
ro TJ
- QJ
II
QJ O Q. QJ
DD A3
E -g
< I-I
o- o
U CNI
CJ >-
jz QJ
x: ro
oo -o|109|O 4-<
L- U
x; qj
+j —
m o
o u
cj t;
Cl E
QJ TJ CO
E
R vi- —
XI
o
CO cni
TJ C
"O CO
i/i ca i-
QJ
>• XI
¦ti o
u tJ
ro o
E c
o o
QJ
o o
O
E
O. QJ
LO Si
aj qj
TJ QJ
lS? 5
a.
CL
O CNI CM
a
it-CD io
<
=i O " cc
<
LO
Appendices - 47
¦ ¦ c
¦ Zi ¦¦
E -S o
ft § 1
111? u. q: e ' S g Sf
- ¦ ¦ i/t
' o
u
¦¦• < 1.
SI
•— _o
cu >
:l 1
O J9
O ° w
lo qj- -o
.2 ca -
¦> ca cu
O CO
UJ' ¦
o
CD
z,
<5- •
Ct <
o x
X
CC
<
o z cc o
|1010|
< cc <
cc <
< >
o ca
< cc <
z <
E
CO
cc o
<
Q CC
o
CO
cc
cc cc cc o < z
LU UJ CO
rsi <
oO sc CD
< o o
CO LJJ £
£ <
o cc < ca lu
Appendices - 48
ra
LU
a •
«=> Si
o : v
co .|109|: :¦ -¦
x-?.;¦
LU «"5
o
X
a oc <
O
z
LU CO
<
5 o
5 o a <
QC O
a o o 5
o ce z 5 <
i
a o o S
to z o
E E
o o
C£ <
o <
CL.
o
_l
LU > LU
a o
co
ZD
o
< a oc o
Appendices
o
|1010|
2 <
¦<~=nr
J3 T
O c
X =>
< -a-
.— - lOi <0
n o >«
a
"a D
o|109|~
•2 -"9
J s|10 9|<
S *
o o
CJ O
a cr
O 3 U i—J
CJ 2
O
or
a> ci
b c/>
ra <
a. c
< CD
t: o
CO OJ|109|CD
<
<"
C3 -g
— ca
.c:
ru O
<£> sz
3 <-
in co lo o
CNJ i— t— CVJ
m iv co o
un
—1 £ E
t2 E E
gj o o
S O O
si
o> C1.
S3 O
« H
ra <
c £
a> o
DC CNI
P l/>
Si <=>
CC Cvj
ro <
Si <=>
CC CNJ
Appendices - 50
: J3 COf-
¦;)£;¦¦¦¦
'f'0:J5-.Ov
510|
. o c o... sen -
o c o
• -"8
5 „! °l
|1010|
sol |
J= O
CU OJ
cn cn •- c
5 £
£ ro c
Q
IN
0)
OJ
c
S to c
Z
¦c;
So g,Q
'""DC ?
"5 .S ? -|1010|¦ 3
u
Appendices - 51
Density Bonus Report
' - -:iV' '* ' DENSITY BONUS PROJECTS [a%of 9/30/2018) . " ; "
Property Address Developer ;.:r- Plon Commission . .^Approval* ¦. Type Projected Poyment Cosh Received - Number of Affordable Units
126 N Des Plaines / 659 W Randolph Mcsirow Stein Development Services 10/6/2006 unils/paymeni N/A - initially built units rather than $555,124.90|99|
paymenl
2 W Erie, Dana Holel Dana Hotel. LLC oaymenl S335.400 5335,400.00
10 East Delaware Ten East Delaware, LLC, the Prime Group, Inc., It's Manager Jun-06 payment 52.376,420 $2,376,420 00
60 E Monroe Mesa Development 5/1/2005 payment St.325,303 $1,325,303.00
111 W Illinois The Alter Group As of Right payment 5922,420 $922,420 00
123 S Green. The Emerald B Greek Town Residential Paitnors LLC, 4104 N Harlem, 60634 7/21/2006 payment S285.600 $285,600.00
125 S Green. The Emerald A Greek Town Residential Partners LLC, 4104 N Harlom. 60634 7/21/2006 paymont 5224.400 $224,400 00
151 N Stale Street (MOMO) Smithfield Properties. LLC 7/1/2005 payment S299.000 $299,000.00
160 E Illinois Orange Blue RHA As of Right payment SG39.628 $639,828.00
301-325 W Ohio(Bowne) Woodlawn Development LLC (Metropolitan Real Estate) 5/19/2005 payment SI.216,860 $1,216,860.00
550 N St Clair Street Suthedand Pearsall Dev Corp. As of Right payment 5373,180 $373,180 00
600 N Fairbanks Ct Schatz Development. 610 N Fairbanks 7/1/2005 payment $580,880 $580,880.00
611 S Wells TR Harrison, LLC As of Right payment $22,735 $22,734 50
642 S Clark Smithfield Properties. LLC As of Right payment S225.965 $225,965 00
1001 W VanBuren Smithfield Properties, LLC 6/1/2005 payment S87.452 $87,451 81
1255 S Stale 13thSState LLC 5/1/2005 payment S247.254 $247,254.00
1400-16 S Michigan 1400 S Michigan LLC 12/1/2005 payment $432,317 $432,316 80
1454-56 S Michigan Sedgwick Properties Deve Corp 5/19/2005 payment 5322,371 $322,371 25
1555 S Wabash Avenue Nine West Realty, 1300 Paulina SI, 3rd 1 As of Right payment S127.145 $127,144.80
1720 S Michigan Avenue 1712THC.LLC by CK2 Development LLC 11/1/2005 payment 5915,631 $915,631.20
2131 S Michigan AVC/2138S Indiana Michigan-Indiana LLC by Chieftain Const. 11/1/2005 payment $614,452 $614,451 60
2100 S Indiana Avalon Development Group. LLC Sep-06 payment S285.451 $285,451.00
205-15 W Washington Jupiter Realty Corporation 3/16/2006 payment $420,306 $420,305.60
212-232 E Erie, 217-35 W Huron (Flair Towor) Newport Builders, Inc. 12/1/2005 payment $2,250,415 $2,250,415.00
161 W Kinzie Lynd Development As of Right payment $1,211,280 $1,211,280.00
1-5 W Walton/2W Delware (Scottish Rite • Walton on the Park) Tho Enterprise Companies As of Right payment $2,698,385 $2,698,385.00
200-218 W Lake St/206 N Wells St. 210-218 W Lake LLC. 920 York Rd , #320. Hinsdale IL 60521 May-07 payment $1,439,417 $1,439,416.80
116 E Erie NM Project Company. LLC As of Right payment $1,990.687 $1,990,686.72
501 N Clark 55-75 W Grand 54-74 W Illinois Boyco II, LLC 11/19/2009 payment $2,920,844 $2,920,843.80
618-630 W.Washmgton/101-121 N. Des Plaines (the Cataly6t) Tho Cornerstone Group 70. LLC 12/1/2005 payment $540,630 $540,630.00
111 W Wacker 4/11/2007 payment $89,870 $89,869.68
171 N. Wabash/73 E Lake Sireet M&R Development, LLC 8/21/2008 paymont $1,482,941 $1,482,941.00
212-232 W Illinois St. 501-511 N Franklin St. JDL Acquisitions. LLC, 908 N Halsled. Chicaqo Aug-08 payment $2,654,166 $1,191,822.00
1- 19 E Chestnut Loyolo University of Chicago 3/21/2013 payment $220,607 $220,607 00
Arkadia 201-17 S Halsted 61-79 W Adams 758-78 W Quincy White Oak Realty Partners 11/27/2012 payment $1,675,133 $1,675,132 80
118-128 W Chicago 801- 819 N LaSalle Smithfield Properties XVI LLC 5/16/2013 payment $714,892 $714,892.20
118- 128 W Chicago 801- 819 N LaSalle Smithfield Properties XVI LLC 1/16/2014 payment $953,198 $953,198 20
Old Colony Building 407 S Dearborn 35-39 W Van Buren 407 Dearborn LLC 7/18/2013 payment $605,556 $605,556.48
707 North Wells Akara Development Services As of Riqht payment $351,878 $351,877.60
200-214 N Michigan Ave (200 N. Michigan Avenue) Buck Development 200 LLC 12/19/2013 payment 51.291.931 $1,291,931.20
360 N Michigan AG-OCG 360 Noith Michigan LLC 9/18/2014 payment $177,941 $177,940.50
1149-1167 S State St (State/Elm Street) Elm State Properly LLC 1/16/2014 payment $1,178,544 $1,178,544.00
171 N. Halsted 171 Partners LLC 8/21/2014 payment $913,703 $913,703 00
720 N LaSalle Superior Park LLC 8/21/2014 payment $1,082,121 $1,082,120.80
801-833 N Clark (S33 Clark Apartments) Ryan Companies 10/23/2014 payment $974,346 $974,345.60
224-228 E Ontario SMASHotels Chicago LLC As of Right payment S193.362 $193,362.40
400-420 W Huron 700-708 N Sedgwick Foodsmith Huron Associates LLC 12/18/2014 payment $744,313 $744,312.80
235 Van Buren" CMK Companies 3/14/2007 paymenl/unils N/A - initially built units $917,384.60 25
1118 N State (Cedar Hotel) Cedar Propeny LLC 8/20/2015 payment S746.360 $746,359 60
640 N Wells Walls 8. Erie LLC 8/20/2015 paymenl SI,595,842 $1,595,850 40
167 Erie MAC West LLC 8/21/2014 payment S2.310.889 $2,310,888 80
451 E Grand Related Midwest 12/18/2014 paymenl S2.983.168 $2,983,168 00
2-8 E Huron CA Residential State/Huron LLC As ol Right paymenl S935.680 $935,680
311 W Illinois Illinois Franklin LLC 2/18/2016 paymenl SI. 106.992 $1,106,992 00
215 W Hubbard 215 Hubbard ll.C 6/18/20-.5 payment SI.461.553 $1,461,552 80
650 SWc-lls-' CMK Companies 11/19/2015 paymenl S8,707.477 $1,553,620 80
1136 S Wabash 1136 S Wabash LLC 5/19/2010 paymenl S736.769 $736,768 72
1101 S Wabash lllh SI Wabash. LLC As of Righl payment S723 677 $723,676 80
111 S Peoria LG Development Group LLC 3/17/2016 payment S643.585 $643,584 70
1 S Halsled Mid City Plaza LLC 8/6/2012 paymenl S2.587.292 $2,587,291 84
800 S Michigan Ave Essex Hotel Owner LLC 5/19/2016 paymenl SI.295,096 $2,023,577 60
Appendices - 52
Density Bonus Report
DENSITY BONUS PROJECTS (as of 9/30/2018)
¦¦ Properly Address t t* Developery , Plan Commission '. Approval- Type ' , Projected Payment :-.Xash Received- . Number-of Affordable Units^
1326 S Michigan SMAT LLC 3/17/7016 paymenl $1,957,842 $1,957,841.60
100 W Huron AP 100 W Huron Property LLC 5/19/2016 paymenl $721,497 $721,497 00
80B W Van Buren 320-340 S Halsled 808 Van Buren LLC As of Right payment $577,054 $577,053 60
56 W Huron Kifcrbaum Development LLC As of Right paymont $240,559 $240,559.20
1000 W Monroe SP Monroe LLC As of Right paymenl $123,401 $123,400.80
723-729 W Randolph (725 Randolph Street) 725 Randolph LLC 12/19/2013 payment $541,640
1061 W Van Buren Pizzuti Development 10/15/2015 payment S1,167.209
2109 S Wabash DK Acquisitions LLC 3/17/2016 payment/units S24B.582 10 (proposed)
1000 S Michigan 1000 S Michiqan Equities LLC 4/21/2016 paymont S828.502
430-438 N LaSalle SI 142-150 W Hubbard SI PG Development LLC 8/18/2016 payment S636.615
% ? t < $73^3^07:
' Thu was initially reported os an ARO project A seltlement agreement enabling ihe developer io pay an m-lie-u paymenl of 5*18,283 40 per affordable urnl sold al market was approved on this dale As ol June 30, 2014, ihe proiccl is complete 25 units have been sold to affordable buyers, wilh 19 units sold to market buyers, for u total of 44 required affordable units
** This payment will be phased
.'{I : 1 ,1 \:. DENSITY BONUS: PROJECTS ON HOLD ; ; *
" Property Address Developer Plain Commission Approval ¦ * « Type ' - Projected Payment,--^;-.;-:-)
2346-56 S. Wabash Dave Dubin 3/17/2005 units n/a -10 units
150 E. Ontario Monaco Development 5/19/2005 payment S3,880,870
1327 S Wabash (Glashaus) Wabash Street, LLC, c/o Piedmont Development, 327 S Sangamon, 60607 7/5/2006 payment $412,351
535 N St Clair Sutherland Pearsall Dev Corp. 6/1/2006 payment $3,595,112
1-15 E. Superior 1 E Superior, LLC 2/1/2006 payment $940,960
51-67 E Van Buren/401-419 S Wabash {Buckingham-Wabash II) Buckingham/Wabash LLC 6/18/2009 payment $2,026,879
324 W Harrison Street (Old Post Office)* International Property Developers North America Inc 7/18/2013 payment/units $26,098,631
Totals.' " '^^^^'''<: ^-. $36>954,804 ¦ y.- ¦ ""¦x&amm&M
"' Developer hos ogreed to provide at least 10% of bonus square foolage as affordable housing, for o minimum of 281,235 square feel
DENSITY BONUS:kG^CELEDPROJEGTS?"™ ™
Property Address ¦¦ -Developer"! ¦ ¦ s ¦ PlqrTCornniission I'Approval.: -;.TvPe Projected Payment Date Canceled
100-106 S Sangamon. 933-943 W Monroe St Campus Condominiums, LLC N/A payment $243,617 10/1/2006
301-319 S Sangamon Street / 925 W. Jackson Heidner Properties August-06 units N/A Units 3/1/2010
501-517 W. Huron, 658-678 N. Kingsbury, 500-502 W. Ene (Park Kingsbury) 501 Huron Building Corporation June-06 payment S853.320 8/1/2007
680 N Rush (F/K/A 65 East Huron) (Canyon Ranch) Huron-Rush, LLC December-05 paymenl S1.550.239 6/1/2008
2100 S Prairie Avenue 2100 S. Prairie, LLC As of Right paymont $129,730 8/1/2008
251 E Ohio / 540 N Fairbanks Fairbanks Development Associates, LLC January-07 51.042.945 10/1/2008
2055 S. Praire {Chess Lofts/Aristocrat) Warman Development September-05 payment S576.947 1/9/2009
1712 S Prairie 1712 S Prairie LLC February-06 payment S699.890 9/30/2009
630 N McClurg Golub & Company May-08 payment S7.920.806 12/15/2009
400 N. Lake Slice Drive {The Spire) Shclboinc North Water Street LP Apnl-07 payment S5.700.300
To,al.':- . ''iv- - 4.,., "¦¦';'V^iik.S-!::-. v'.'.!.•'. $18;717>94
Appendices - 53
ra J3
<
c
ro
c
CD
o
E c
CN
o
0)
>
Q)
a
T3 C ro
© CO 1_
CO
n
E a> •k-t a. a> co
»I s
.E Q. O)
0. >-
= £^
ro
c
E t
ro a. a> Q
II
3 «
O) Q
co
° I
O O 0£
D) D)
ro ca ro
ooo
!n !c
O O S
o> .!2
£ I o
c E
E
E o o
X O
<
E
CL
CO
o
50 ro
.2 a
|1010|;0
Appendices - 54
Reference -
a
3 ¦ I
Q D ¦ X
5 <
5 <
Si
o o < y r u
LL.
o u
5 O
r :
5 <
5 <
i:
Single-family;'* '
Reference - 2
Q
ill.
Z> ¦ I
^ :
o .
: >0" .
V> :
I
a
D ¦ I
5 <
¦ §|1010|
ill
o
CN CO
o
I|1010|o
|1010|o I
i
5 <
5 <
la
CN
o
o I i
<
Duplox/2-family
Reference - 3
o
z> ¦ i
<
o
its;
5 <
Q Z> ¦ I
5 O X
o
I :
<
i ft
:Cn'
if
ii
i^
if|1010|SO* i
¦ '
¦
"0>
. I.1**. ¦
i hi ¦
mi
tit;
: Pi:
5 <
Duplcx/2-fainily
Reference - 4
00
o
CN
Z
LU Q£
>]
I—
z o
0.5
: Q
Er c^ U O
S i
o
X
O o £
o ¦£
Q.
Is* '
O O
'Single-fomily
Duplex/2-family
Reference - 5
|