2009=2013 AFFORDABLE HOUSING PLAN
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July-September
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City of Chicago Richard M. Daley, Mayor
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2010 Third Quarter Progress Report, which presents the Department of Community Development's progress on the goals set forth in the City's fourth Affordable Housing Plan for the years 2009-2013.
Through the third quarter of 2010 the Department has committed over $315 million to support over 7,000 units of affordable housing. This represents 77% of our resource allocation goal and 76% of our units assisted goal.
In the third quarter, the Department approved financing for four multifamily developments. DCD also hosted two Fix Your Mortgage events and one Borrower Outreach event, providing opportunities for over 750 Chicago homeowners to work with lenders and counselors to prevent foreclosure. DCD also hosted the 7th Annual Chicago Rents Rights Expo, assisting 150 renters and landlords.
Despite continued challenges with the housing and lending markets, the Department continues to make progress toward meeting our annual goals under our three main categories of work: Create and Preserve Affordable Rental Housing, Promote and Support of Homeownership, and Improve and Preserve Homes.
As always, we would like to thank all our partners for their continued support and cooperation. With their efforts we continue to progress in our goals to create and preserve affordable housing for Chicago residents
Christine Raguso Acting Commissioner
Ellen Sahli
First Deputy Commissioner
Affordable Housing Plan 2009-2013
TABLE OF CONTENTS INTRODUCTION
Creation and Preservation of Affordable Rental Units|910|Multifamily Rehab and New Construction|910|Promotion and Support of Homeownership|910|Improvement and Preservation of Homes|910|Policy and Legislative Affairs|910|
APPENDICES
Multifamily Mortgage Revenue Bond Commitments
Multifamily Land Commitments
Do...
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