2009-2013
AFFORDABLE HOUSING PLAN
Keeping Chicago's neighborhoods affordable.
2010 Fourth Quarter Progress Report
October-December
LETTER FROM THE COMMISSIONER
We are pleased to submit the 2010 Fourth 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 fourth quarter of 2010 the Department has committed over $364 million to support over 8,600 units of affordable housing. This represents 89% of our annual resource allocation goal and 91% of our annual units assisted goal.
In the fourth quarter, the Department approved financing for four multifamily developments. DCD also hosted two Borrower Outreach event and one Fix Your Mortgage event, providing opportunities for over 850 Chicago homeowners to work with lenders and counselors to assist with foreclosure prevention.
Despite continued challenges with the housing and lending markets, the Department has successfully achieved many of our annual goals under our three main categories of work: Create and Preserve Affordable Rental, 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.
Ellen Sahli
First Deputy Commissioner
Andrew J. Mooney Acting Commissioner
Affordable Housing Plan 2009-2013
Quarter ending December 2010
TABLE OF CONTENTS INTRODUCTION
PAGE
Creation and Preservation of Affordable Rental Units 2
Multifamily Rehab and New Construction 2
Updates on Previously Reported Developments 6
Promotion and Support of Homeownership 10
Improvement and Preservation of Homes 12
Small Accessible Repairs for Seniors
Policy and Legislative Affairs APPENDICES
1. Estimates ot Production 1 0
2. Commitments and Production Comparison
to Plan 11
3. Units Accessi...
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