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City of Chicago Rahm Emanuel, Mayor 2009-2013 Affordable Housing Plan Keeping Chicago’s neighborhoods affordable. 2013 Fourth Quarter Progress Report October-December

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Page 1: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

City of Chicago Rahm Emanuel, Mayor

2009-2013Affordable Housing PlanKeeping Chicago’s neighborhoods affordable.

2013 Fourth Quarter Progress Report October-December

Page 2: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Affordable Housing Plan 2009–2013 Quarter ending December 2013

LETTER FROM THE COMMISSIONER

We are pleased to submit the 2013 Fourth Quarter Progress Report, which presents the Department of Planning and Development’s progress on the goals set forth in the City’s Five-Year Affordable Housing Plan. This is the final report under our fourth five-year plan, which covered the years 2009-2013.

For the full year 2013, the Department committed $402 million to support 8,685 units of affordable housing. This represents 132% of our annual resource allocation goal and 103% of our units assisted goal.

During the fourth quarter, the Department approved financing for three multifamily development projects and conducted our annual Rents Right Housing Expo to assist tenants and landlords in find-ing answers to their housing questions.

As you know, the past five years have been uniquely challenging ones for all those committed to the creation and preservation of affordable housing. In the last recession Chicago was hit harder than most cities by the twin scourges of foreclosure and unemployment. Despite these obstacles, under the 2009-13 plan the City invested a total of $1.61 billion to support over 41,000 units. This represents 87.7% of the five-year resource allocation goal and 90.6% of the five-year goal for units assisted. These investments fell into the following categories:

•$1.24billiontocreateorpreservemorethan27,400unitsofrentalhousing •$292milliontopromoteandsupporthomeownershipfor3,700units •$73milliontoimproveandpreservemorethan10,000existinghomeownerunits

After three years of operation as the Department of Housing and Economic Development, during which our functions were refined to provide more efficient services in all areas of development, we are changing our name in 2014. Effective January 1, we are now known as the Department of Planning and Development (DPD), which you may recall was the Department’s name for over a decade starting in the early 1990s. Under our new name we will continue to spearhead the City’s efforts to promote housing affordability and stability throughout Chicago. Our commitment to affordable housing will remain strong as we implement the next five-year housing plan covering the years 2014-2018.

Once again, we would like to thank our many partners for their continued support and participation. We at DPD could not succeed in our work without the perseverance of these neighborhood and busi-ness groups, elected officials, state and federal agencies, and other community stakeholders. Through our joint efforts, we continue to move ahead in our goals to create and preserve affordable housing for the people of Chicago.

Andrew J. Mooney

Commissioner

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

TABLE OF CONTENTS

INTRODUCTION PAGE Creation and Preservation of Affordable Rental Units 2 Multi-Family Rehab and New Construction 2

Rental Assistance 6

Promotion and Support of Homeownership 7

Improvement and Preservation of Homes 8

Policy, Legislative Affairs and Other Issues 9

APPENDICES

REFERENCE1. Chicago Metropolitan Area Median Incomes 2. City of Chicago Maximum Affordable Monthly Rents

1. Estimates of Production 2. Commitments and Production Comparison to Plan 3. Units Accessing Multiple Benefits 4. Summaries of Multifamily Developments •RosenwaldCourts •LegendsSouthC-3 •WestHumboldtPlace 5. Loan Closings Report 6. Multifamily Loan Commitments 7. Multifamily MAUI Commitments 8. Multifamily TIF Commitments 9. Low-Income Housing Tax Credit Commitments10. Multifamily Mortgage Revenue Bond Commitments11. Multifamily City Land Commitments12. Illinois Affordable Housing Tax Credit Commitments

13. Chicago Low-Income Housing Trust Fund Commitments

14. Troubled Buildings Initiative (Multi-family)15. TIF Neighborhood Improvement Program

(Single-family) 16. Historic Chicago Bungalow Initiative17. Neighborhood Lending Program 18. Neighborhood Stabilization Program Activity19. Status of Neighborhood Stabilization

Program Properties20. Affordable Housing Opportunity Fund21. Affordable Requirements Ordinance22. Density Bonus Commitments23. CHA Plan for Transformation Commitments

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Affordable Housing Plan 2009–2013 Quarter ending December 20131

INTRODUCTION

This document is the 2013 Fourth Quarter Progress

Report on the Chicago Department of Planning and

Development’s fourth Affordable Housing Plan, 2009-2013.

For 2013, HED projected commitments of $311.8 million to

assist nearly 8,500 units of housing.

For the full year 2013, the Department committed

$402.1 million in funds to support 8,685 units, which

represents 132% of the 2013 resource allocation goal and 103%

of the 2013 unit goal.

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Affordable Housing Plan 2009–2013 Quarter ending December 20132

CREATION AND PRESERVATIONOF AFFORDABLE RENTAL UNITSIn 2013 the Department projected commitments of $266.3 million to support nearly 5,600 units of affordable rental housing using loans for new construction or rehab along with rental subsidies.

For the full year, HED committed almost $360 million in resources to support 5,673 units and approved financial assistance packages for sixteen developments (see table on page 5). These numbers represent 135% of the 2013 multifamily resource allocation goal and 102%of the 2013 multifamily unit goal.

Multifamily Rehab and New Construction

Rosenwald Courts

On October 16 the City Council approved financial measures to enable the $110 million mixed-use redevelopment of a landmark Bronzeville apartment complex that once was home to poet Gwendolyn Brooks, music producer Quincy Jones, singer Nat King Cole andboxer Joe Louis.

Vacant since 1999, Rosenwald Courts, located at 47th Street and Michigan Avenue in the 3rd Ward, will be rehabilitated into 239 studio, one- and two-bedroom apartments, consisting of 120 units for seniors and 119 for families earning up to 60 percent of area median income.

Built in 1929 by former Sears, Roebuck President Julius Rosenwald to provide housing for the families of African American workers, the complex consists of interconnected five-story buildings surrounding an interior courtyard. Building improvements will include new

interiors, utilities and elevators, along with a variety of exterior repairs and upgrades. The redevelopment by Rosenwald Courts GP LLC will also feature more than 80,000 square feet of retail, office and community spaces along 47th Street.

City support will include $47.5 million in tax credit equity, $25 million in Tax Increment Financing, a $5 million Neighborhood Stabilization Program grant, $2.8 million in donation taxcredits and conveyance of five City-owned lots for use as parking. The City will also issue $58.6 million in tax-exempt bonds to serve as bridge financing for the project.

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Affordable Housing Plan 2009–2013 Quarter ending December 20133

Legends South C-3

The fifth phase in the mixed-income redevelopment of the former Robert Taylor Homes public housing complex in Bronzeville is moving forward under a financial assistance package approved on November 13 by the City Council.

The Legends South C-3 development will consist of 14 three- and six-flat buildings to be constructed on City-owned properties near Michigan Avenue between 43rd and 49th Streets in the 3rd Ward. The $28 million project, to be developed by Legends C-3 LLC, will contain a total of 71 apartments, including 30 units reserved for CHA residents, 23 additional affordable units and 18 offered at market rate.

The City will provide $3 million in Tax Increment Financing (TIF) assistance plus fourteen parcels of vacant land to enable the project, which is part of the CHA Plan for Transformation. Other funding sources include an $8.7 million CHA loan and $1.5 million in Low Income Housing Tax Credits that will generate $14.8 million in equity. Previous phases of the Legends South development have created 547 units of mixed-income rental housing

The now-vacant Rosenwald Courts, which is listed on the National Register of Historic Places, will be reborn as a modern 239-unit apartment complex for seniors and families.

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Affordable Housing Plan 2009–2013 Quarter ending December 20134

West Humboldt Place

Construction of a new $5.1 million supportive housing project in the Humboldt Park neighborhood will be enabled through $1 million in TIF assistance approved on December 11 by the City Council.

Children’s Place Association LLC will develop the three-story facility at 3533-45 W. Chicago Ave. in the 27th Ward to serve households in which at least one member has a disability and a history of homelessness. West Humboldt Place will contain a total of 13 studio, two- and three-bedroom apartments, along with a community room, computer center and off-street parking.

Children’s Place, a nonprofit agency that serves individuals and families affected by HIV/AIDS and other medical disabilities, will offer on-site supportive services including case management, family success coaching, mental health therapy, and job and educational assistance.

Additional project funding will be provided by the Illinois Housing Development Authority, the developer’s capital fund and other sources.

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

MULTIFAMILY DEVELOPMENTSAPPROVED OR CLOSED IN 2013

5

Development Ward UnitsCity Council

Approval Date

Closing Date

Goldblatts Senior Living 20 101 2011 1/29/2013

Shops & Lofts at 47th 4 96 2012 2/14/2013

Dorchester Artist Housing 5 32 2012 9/27/2013

Pullman Wheelworks Apartments 9 210 1/17/2013 4/11/2013

Darul Amaan Senior Apartments 39 56 1/17/2013 6/11/2013

Hope Manor II Apartments 16 73 2/13/2013 4/30/2013

Town Hall Senior Apartments 44 79 3/13/2013 4/29/2013

Porta Coeli Senior Residence 10 86 4/10/2013 7/12/2013

Park Blvd IIB 3 108 4/10/2013 12/24/2013

North and Pulaski Senior Housing 26 72 5/8/2013 8/2/3013

Montclare Senior Residences of Avalon Park II

8 122 6/5/2013 12/24/2013

Senior Suites of Norwood Park 41 84 7/24/2013 9/27/2013

The Kilpatrick Renaissance 45 98 7/24/2013 10/28/2013

Lake Street Studios 21 61 7/24/2013 11/7/2013

Veterans New Beginnings 21 54 7/24/2013 12/28/2013

Bronzeville Apartments Phase II 3 24 N/A 9/27/2013

Rosenwald Courts 3 239 10/16/2013 12/11/2013

Legends Phase C-3 3 71 11/13/2013 --

West Humboldt Place 27 13 12/11/2013 --

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

Rental Assistance

Chicago Low-Income Housing Trust Fund Update

The mission of the Chicago Low-Income Housing Trust Fund is to address the unmet permanent housing needs of Chicago’s very low-income residents. The Trust Fund assists residents living in poverty with incomes not exceeding 30 percent of area median income, by providing safe, sound and affordable housing for low-income working households, the disabled, the elderly and countless homeless individuals and families. Trust Fund programs are:

Rental Subsidy Program. RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents on a specified number of units to a level that is affordable for very low-income individuals and families. In 2013 RSP appropriated $14.3 million to provide subsidies for 2,691 apartments. These units housed more than 5,400 individuals, including 2,100 children. The Trust Fund works with land-lords to assure that the properties provide a safe place to live. Nearly 3,000 health and safety assessments were completed during 2013.

Multi-year Affordability through Upfront Investment. MAUI provides long-term financing to reduce rents for very low-income tenants earning no more than thirty percent of AMI. In 2013 the Trust Fund authorized $5.2 million to create 68 units of affordable housing, utilizing revenues from the Chicago Affordable Housing Opportunity Fund and Illinois Rental Housing Support Program.

Among projects approved by the Trust Fund in 2013 were:

•TheKilpatrickRenaissance,a98-apartmentseniorcomplexinthe45thWardthatwill include ten MAUI-funded units

• FLATS Chicago,fourbuildingsinthe46thand48thWardscontaining58 MAUI-funded studio apartments

• PrimoCenterforWomenandChildren,avacant12-unitbuildinginthe37thWard that was rehabbed under the Neighborhood Stabilization Program and

qualified for RSP funding to provide supportive housing for homeless women and children

•TheStudios,a170-unitSRObuildinginthe3rdWardthatwillcontain60RSP-subsidized units

6

MAUI funding was approved in 2013 for FLATS Chicago to provide 58 affordable studio apartments in four residential buildings currently being rehabbed in the Uptown and Edgewater communities. The first renovated units will come online in March 2014.

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

PROMOTION AND SUPPORT OF HOMEOWNERSHIP

In 2013 the Department projected commitments of over $33 million to help nearly 900 households achieve or sustain homeownership. HED initiatives support the construction of new homes, the acquisition and rehab of deteriorated and abandoned properties, and financing programs for home purchase and rehabilitation.

For the full year, HED committed almost $30 million to support 672 units, achieving 114% of the 2013 homeownership resource allocation goal and 81% of the 2013 homeownership unit goal.

Neighborhood Stabilization Program Open House

Four Pullman residences renovated through Chicago’s Neighborhood Stabilization Program were the focal point of an October 26 home tour sponsored by Mercy Portfolio Services. The formerly vacant, foreclosed properties, which were acquired by Mercy and rehabbed by NSP-approved developers, were visited by some 70 potential homebuyers over the course of the day. The event, hosted at the nearby Maple Park United Methodist Church, also provided an opportunity for home shoppers to speak with lenders and meet with housing counselors.

Through NSP, prospective buyers have the opportunity to purchase newly renovated, energy-efficient homes at affordable prices. Additionally, the NSP recently launched its homebuyer assistance program, which offers up to $30,000 in purchase assistance and up to $75,000 in purchase and rehab assistance for vacant or foreclosed properties in eligible areas. To buy an NSP home, applicants must qualify under HUD income guidelines and complete a counseling program at a HUD-certified housing agency.

For a complete list of NSP homes currently available for purchase, please visit the program’s website at http://www.chicagonsp.org/directory/category/59.

7

Two classic Pullman rowhouses in the 10700 block of S. Champlain Ave. were among the restored NSP units featured at an October 26 open house and trolley tour for prospective homebuyers.

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Affordable Housing Plan 2009–2013 Quarter ending December 20138

IMPROVEMENT AND PRESERVATIONOF HOMES

In 2013 the Department projected commitments of more than $12 million to assist over 2,000 households repair, modify or improve their homes. For the full year, DPD committed almost $13 million in resources to support 2,340 units, achieving 105% of the 2013 improvement and preservation resource allocation goal and 113% of the 2013 improvement and preservation unit goal.

Home Repair Grants Approved for Southeast Side

The City Council on December 11 approved a proposal to offer TIF Neighborhood Improvement Program (TIF-NIP) grants to homeowners in a Southeast Side neighborhood. Administered by the Department of Planning and Development, TIF-NIP helps eligible owners of one- to four-unit properties in designated TIF districts make exterior repairs and limited interior improvements.

The new program would allocate $500,000 in funding for homes in the South Chicago TIF District, which is bounded roughly by 83rd Street, Green Bay Avenue, 95th Street and Baltimore Avenue. Grants will provide up to $30,050 for exterior improvements, certain interior repairs, and select energy efficiency upgrades. The South Chicago TIF-NIP will be coordinated by Neighborhood Housing Services of Chicago. Funding for the program is generated by incremental tax growth within the TIF district.

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

POLICY, LEGISLATIVE AFFAIRSAND OTHER ISSUES

Neighborhood Stabilization Program Update

Through the fourth quarter of 2013, the City of Chicago remained on track to meet HUD’s March 2014 deadline for full utilization of NSP3 dollars. DPD staff continues to work closely with Mercy Portfolio Services and the Department of Buildings to ensure timely fulfillment of all HUD requirements.

By 2013’s end, 854 units in 190 properties had been acquired using funds from Chicago’s three NSP grants. A total of 786 units in 153 properties had entered the rehab process; 697 units (141 properties) were finished or nearing completion. One hundred twenty-four units (88 properties) had been sold to qualified homebuyers, and 310 rental units (21 properties) had been leased. A list of all properties that have been assisted through NSP can be found in the Appendix. An updated version of this list is available at http://www.chicagonsp.org/index.html.

Tenth Annual Rents Right Housing Expo

On October 26 Loyola University hosted the City’s tenth annual Rents Right Housing Expo, sponsored by the Department of Planning and Development and the Chicago Rents Right Committee. The event featured more than 40 exhibitors who provided information about evictions, security deposits, maintenance issues, building code violations and other aspects of rental housing.

Since its inception, the Expo has offered landlords and tenants alike a convenient, one-stop opportunity to learn more about their rights and responsibilities. “The Rents Right Expo provides a forum to share information on programs and services that help tenants and landlords make informed decisions,” said DPD Commissioner Andrew J. Mooney.

Bilingual workshops covered topics such as the Chicago Residential Landlord and Tenant Ordinance, fair housing laws, and the rights of landlords and tenants during a foreclosure process. Workshop attendees also participated in a drawing to win one of six $25 gift cards. Participating agencies included Access Living, Latino Policy Forum, Lawyers’ Committee for Better Housing, Chicagoland Bilingual Landlord Association, Metropolitan Tenants Organization, Community Investment Corporation, Illinois Department of Human Rights, Chinese American Service League and Polish American Association.

9

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

City Moves Forward with 2014-18 Housing Plan

On December 19 the City released for public comment a proposed new five-year housing plan, Bouncing Back: Five-Year Housing Plan 2014-2018.

As the fifth successive five-year housing plan to be issued by the City since 1994, Bouncing Back approaches local housing issues with a different perspective from its predecessors, which were largely driven by expectations of a rising housing market across the city. Mindful of the unprecedented housing market decline in recent years, the 2014-18 plan explicitly links Chicago’s housing submarkets to economic development, jobs, neighborhood amenities, land use patterns and other non-housing factors.

Bouncing Back projects commitments of more than $1.3 billion from federal, state, city and private sources to create or preserve 41,000 housing units over the next five years. The plan sets out strategies to:

•Targetresourcesgeographicallyformaximumimpact •Advancenewland-usepoliciesinneighborhoodswithlargevacantareas •Developnewfinancingprogramsforhousingrehabilitationprograms •Encourageinnovativere-useoptionsforvacantandabandonedbuildings •Integratehousingintobroadercommunity-developmentplans •Provideaffordablehousingtothecity’smostvulnerableresidents,includingsenior

citizens on fixed incomes, those at risk of homelessness and people with special needs

The planning effort was initiated by DPD early in 2013 in cooperation with over 120 housing experts, activists, developers and owners. The process was spearheaded by a twenty-member steering committee co-chaired by Julia Stasch, Vice President of U.S. Programs for the John D. and Catherine T. MacArthur Foundation; Susana Vasquez, Executive Director of the Chicago office of the Local Initiatives Support Corporation; and Deborah Bennett, Program Officer for the Polk Brothers Foundation. More than 120 individuals representing forty organizations attended a public hearing on July 24 to provide input into the plan.

The new plan has been submitted to the City Council for approval and is expected to be adopted in February 2014. DPD’s Housing Bureau will continue to provide quarterly progress reports to the City Council Committee on Housing under the plan.

10

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Affordable Housing Plan 2009–2013 Quarter ending December 2013

APPENDICES

11

Page 15: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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142,

511

$

3

3

Nei

ghbo

rhoo

d St

abili

zatio

n Pr

ogra

m:

Sin

glef

amily

Acq

uisi

tion

1,61

6,31

5$

-

-

-

-

-

57

56

11

3

Nei

ghbo

rhoo

d St

abili

zatio

n Pr

ogra

m:

Sin

glef

amily

Reh

ab4,

569,

963

$

-

-

-

-

-

16

25

41

HO

MEO

WN

ERSH

IP A

SSIS

TAN

CE

TaxS

mar

t/M

CC

(SF

Mor

tgag

e Re

venu

e Bo

nds)

10,6

97,1

67$

-

1

1

1

9

14

40

66

Purc

hase

Pric

e A

ssis

tanc

e (C

PAN

& N

HFC

)18

9,10

0$

-

-

-

-

2

-

1

3

Nei

ghbo

rhoo

d Le

ndin

g Pr

ogra

m:

Purc

hase

/Pur

chas

e-Re

hab

Loan

s9,

500,

000

$

-

-

10

60

120

105

105

400

Nei

ghbo

rhoo

d Le

ndin

g Pr

ogra

m:

Hom

eow

ners

hip

Pres

erva

tion

Loan

s2,

700,

000

$

-

-

2

3

5

5

5

20

Nei

ghbo

rhoo

d Le

ndin

g Pr

ogra

m:

MM

RP G

rant

s1,

020,

000

$

-

-

-

8

30

-

-

38

Subt

otal

33,4

60,0

56$

-

1

13

72

390

197

232

905

Less

Mul

tiple

Ben

efits

-

-

-

-

(2

)

(16)

(2

6)

(44)

Net

Pro

mot

ion

and

Supp

ort o

f Hom

eow

ners

hip

33,4

60,0

56$

-

1

13

72

388

181

206

861

Brea

kdow

n of

inco

me

leve

l dis

trib

utio

n, %

of n

et to

tal

0.0%

0.1%

1.5%

8.4%

45.1

%21

.0%

23.9

%

Tot

al F

unds

A

ntic

ipat

ed

Uni

ts b

y In

com

e Le

vel

Tota

l U

nits

Appendices - 2

Page 17: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent of

Pla

nnin

g an

d D

evel

opm

ent

2013 E

STIM

ATE

S O

F PR

OD

UC

TIO

N B

Y IN

CO

ME

LEV

EL

0-1

5%

16

-30

%3

1-5

0%

51

-60

%6

1-8

0%

81

-10

0%

10

1+

%

TO IM

PRO

VE

AN

D P

RESE

RVE

HO

MES

EHA

P (E

mer

genc

y H

ousi

ng A

ssis

tanc

e Pr

ogra

m)

5,50

0,00

0$

23

20

0

32

7

-

-

-

-

55

0

SARF

S (S

mal

l Acc

essi

ble

Repa

irs fo

r Se

nior

s)1,

700,

000

$

63

233

188

44

32

-

56

0

TIF-

NIP

(Sin

gle-

fam

ily)

2,50

0,00

0$

8

38

49

25

45

32

3

20

0

Nei

ghbo

rhoo

d Le

ndin

g Pr

ogra

m:

Hom

e Im

prov

emen

t Loa

ns65

0,00

0$

-

-

-

5

23

12

12

52

Bung

alow

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ativ

e1,

724,

500

$

-

-

104

118

262

171

44

700

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otal

12,0

74,5

00$

94

471

668

192

362

215

59

2,06

2

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tiple

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efits

-

-

-

-

-

-

-

-

Net

, Im

prov

emen

t and

Pre

serv

atio

n of

Hom

es12

,074

,500

$

94

47

1

66

8

19

2

36

2

21

5

59

2,

062

4.5%

22.8

%32

.4%

9.3%

17.6

%10

.4%

2.9%

NET

TO

TAL:

H

OU

SIN

G P

ROD

UC

TIO

N IN

ITIA

TIV

ES31

1,83

7,15

5$

1,

907

1,

653

1,

591

1,13

4

1,34

2

522

344

8,49

4

Brea

kdow

n of

inco

me

leve

l dis

trib

utio

n, %

of n

et to

tal

22.4

%19

.5%

18.7

%13

.3%

15.8

%6.

1%4.

1%

OTH

ER IN

ITIA

TIV

ESD

eleg

ate

Age

ncie

sTA

CO

M (T

echn

ical

Ass

ista

nce-

-Com

mun

ities

)76

4,27

5$

TA

CIT

(Tec

hnic

al A

ssis

tanc

e--C

ityw

ide)

907,

106

$

FPP/

HC

S (H

omeo

wne

rshi

p C

ouns

elin

g Se

rvic

es)

946,

000

$

37

6,00

0$

Su

btot

al2,

993,

381

$

GRA

ND

TO

TAL

314,

830,

536

$ T

otal

Fun

ds

Ant

icip

ated

U

nits

by

Inco

me

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lTo

tal

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ts

CH

DO

(Com

mun

ity H

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evel

opm

ent O

rgan

izat

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Ope

ratin

g A

ssis

tanc

e

Brea

kdow

n of

inco

me

leve

l dis

trib

utio

n, %

of n

et to

tal

Appendices - 3

Page 18: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent of

Pla

nnin

g an

d D

evel

opm

ent

2013 E

STIM

ATE

S O

F PR

OD

UC

TIO

N B

Y IN

CO

ME

LEV

ELA

djus

tmen

t fo

r U

nits

Acc

essi

ng M

ultip

le D

PD P

rogr

ams

0-1

5%

16

-30

%3

1-5

0%

51

-60

%6

1-8

0%

81

-10

0%

10

1+

%

MU

LTIF

AM

ILY

REH

AB

& N

EW C

ON

STRU

CTI

ON

Mul

tifam

ily L

oans

13

38

344

66

2

42

37

27

1,16

3

M

ulti-

year

Affo

rdab

ility

thro

ugh

Upf

ront

Inve

stm

ents

(MA

UI)

10

10

-

-

-

-

-

20

TI

F Su

bsid

ies

-

36

128

88

6

-

27

28

5

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x C

redi

t Equ

ity13

66

26

4

482

13

37

56

93

1

M

ultif

amily

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tgag

e Re

venu

e Bo

nds

-

72

64

41

29

-

-

206

City

Lan

d (M

ulti-

fam

ily)

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20

125

12

2

10

-

6

28

3

Ill

inoi

s A

fford

able

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sing

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dit (

valu

e of

don

atio

ns)

13

16

232

12

8

10

-

19

418

MU

LTI-

FAM

ILY

PRES

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NN

eigh

borh

ood

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iliza

tion

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ram

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tifam

ily r

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-

45

-

-

23

23

91

SITE

EN

HA

NC

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TSi

te Im

prov

emen

ts-

33

13

5

110

-

-

14

29

2

Subt

otal

, A

djus

tmen

t for

Uni

ts A

cces

sing

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tiple

HED

Pro

gram

s36

219

92

6

951

68

60

108

2,

368

SIN

GLE

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Y RE

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B &

NEW

CO

NST

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ABA

ND

ON

ED P

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eigh

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ood

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iliza

tion

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ram

(Sin

glef

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abs)

-

-

-

-

-

16

25

41

H

OM

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NER

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ASS

ISTA

NC

EPu

rcha

se P

rice

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ista

nce

(CPA

N &

NH

FC)

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-

-

2

-

1

3

SITE

EN

HA

NC

EMEN

TSi

te Im

prov

emen

ts-

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-

-

-

-

-

-

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otal

, A

djus

tmen

t for

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ts A

cces

sing

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tiple

HED

Pro

gram

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-

-

-

2

16

26

44

GRA

ND

TO

TAL:

AD

JUST

MEN

T FO

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NIT

S A

CC

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NG

MU

LTIP

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ED P

ROG

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S36

219

926

951

70

76

134

2,41

2

Uni

ts b

y In

com

e Le

vel

Tota

l U

nits

TO C

REA

TE A

ND

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FFO

RDA

BLE

REN

TAL

UN

ITS

TO P

ROM

OTE

AN

D S

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ORT

HO

MEO

WN

ERSH

IP

Appendices - 4

Page 19: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent o

f Pl

anni

ng a

nd D

evel

opm

ent

CO

MM

ITM

ENTS

AN

D P

ROD

UC

TIO

N C

OM

PARI

SON

TO

PLA

NJa

nuar

y 1

- D

ecem

ber

31

, 20

13

Firs

tQ

uart

er S

econ

d Q

uart

er

Thi

rd Q

uart

er

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rth

Qua

rter

F

inal

Tot

al

% o

f G

oal

Fir

st

Qua

rter

S

econ

d Q

uart

er

Thi

rd

Qua

rter

F

ourt

h Q

uart

er

Fin

al T

otal

%

of

Goa

l

MU

LTIF

AM

ILY

REH

AB

& N

EW C

ON

STRU

CTI

ON

Mul

tifam

ily L

oans

35,2

78,9

27$

12,0

37,0

83$

10,9

21,6

75$

11,0

40,7

62$

-$

33,9

99,5

20$

96.4

%1,

163

34

5

28

0

29

7

-

922

79.3

%

Mul

ti-ye

ar A

fford

abili

ty th

roug

h U

p-fr

ont I

nves

tmen

ts (M

AU

I)2,

000,

000

$

-$

-$

900,

000

$

4,

348,

477

$

5,24

8,47

7$

26

2.4%

20

-

-

10

58

68

34

0.0%

TIF

Subs

idie

s14

,200

,000

$

3,

000,

000

$

9,00

0,00

0$

3,

100,

000

$

29,0

30,0

91$

44,1

30,0

91$

310.

8%28

5

73

180

61

32

3

63

7

22

3.5%

Tax

Cre

dit E

quity

130,

012,

156

$

46

,500

,204

$

48

,633

,515

$

61

,822

,238

$

62

,370

,783

$

21

9,32

6,74

0$

16

8.7%

931

418

302

321

310

1,35

1

145.

1%

Mul

tifam

ily M

ortg

age

Reve

nue

Bond

s38

,540

,000

$

-

$

-

$

-

$

58

,600

,000

$

58

,600

,000

$

15

2.0%

206

-

-

-

23

9

23

9

11

6.0%

City

Lan

d (m

ulti

fam

ily)

5,39

5,00

0$

4,

670,

000

$

2,67

5,00

0$

-

$

69

7,00

0$

8,04

2,00

0$

14

9.1%

283

208

194

-

31

0

71

2

25

1.6%

Illin

ois

Affo

rdab

le H

ousi

ng T

ax C

redi

t (va

lue

of d

onat

ions

/equ

ity)

3,16

4,36

3$

1,

846,

938

$

1,85

6,76

8$

-

$

2,

880,

000

$

6,58

3,70

6$

20

8.1%

418

135

388

-

25

2

77

5

18

5.4%

Affo

rdab

le R

equi

rem

ents

Ord

inan

ce-

$

1,

020,

818

$

2,60

0,00

0$

1,

000,

000

$

300,

000

$

4,

920,

818

$

-

-

2

24

4

4

34

-

Law

ndal

e Re

stor

atio

n Re

deve

lopm

ent

-$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

-

REN

TAL

ASS

ISTA

NC

E

Low

-Inc

ome

Hou

sing

Tru

st F

und

Rent

al S

ubsi

dy P

rogr

am14

,500

,000

$

14

,653

,623

$

(2

78,3

26)

$

-$

(48,

697)

$

14

,326

,600

$

98

.8%

2,69

0

2,69

0

(24)

2

23

2,

691

10

0.0%

SAFE

TY &

CO

DE

ENFO

RCEM

ENT

Hea

t Rec

eive

rshi

p1,

000,

000

$

366,

920

$

34

1,70

3$

164,

681

$

99

,870

$

97

3,17

4$

97.3

%60

0

27

8

58

16

13

2

48

4

80

.7%

MU

LTIF

AM

ILY

PRES

ERVA

TIO

N

Trou

bled

Bui

ldin

gs In

itiat

ive

I2,

259,

600

$

745,

277

$

62

7,41

6$

1,14

3,49

7$

18

3,81

0$

2,70

0,00

0$

11

9.5%

900

160

125

479

171

935

103.

9%

Nei

ghbo

rhoo

d St

abili

zatio

n Pr

ogra

m:

Mul

tifam

ily A

cqui

sitio

n54

6,13

1$

1$

-

$

-

$

-

$

1

$

0.0%

60

21

-

-

-

21

35

.0%

Nei

ghbo

rhoo

d St

abili

zatio

n Pr

ogra

m:

Mul

tifam

ily R

ehab

18,7

03,4

22$

14,2

11,7

17$

-$

-$

$

5,0

00,0

00*

19,2

11,7

17$

102.

7%91

69

-

-

-

69

75.8

%

Ener

gy S

aver

s-

$

-

$

-

$

-

$

-

$

-

$

-

-

-

-

-

-

-

-

SITE

EN

HA

NC

EMEN

T

Site

Impr

ovem

ents

703,

000

$

-

$

93

,000

$

86

,935

$

85

,198

$

26

5,13

3$

37.7

%29

2

-

108

22

12

142

48.6

%

Subt

otal

266,

302,

599

$

99

,052

,581

$

76

,470

,751

$

79

,258

,113

$

16

3,54

6,53

2$

41

8,32

7,97

7$

7,

939

4,

399

1,

635

1,

212

1,

834

9,

080

Less

Mul

tiple

Ben

efits

($58

,600

,000

)**

($58

,600

,000

)**

(2,3

68)

(830

)

(1,0

64)

(390

)

(1,1

23)

(3,4

07)

Net

, Cre

atio

n an

d Pr

eser

vatio

n of

Affo

rdab

le R

enta

l26

6,30

2,59

9$

99,0

52,5

81$

76,4

70,7

51$

79,2

58,1

13$

104,

946,

532

$

359,

727,

977

$

135.

1%5,

571

3,

569

57

1

82

2

71

1

5,

673

10

1.8%

* F

or R

osen

wal

d C

ourt

s; u

nits

cou

nted

und

er "M

ultif

amily

Reh

ab &

New

Con

stru

ctio

n"

Proj

ecte

d U

nits

20

13

UN

ITS

SERV

ED

TO C

REA

TE A

ND

PRE

SERV

E A

FFO

RDA

BLE

REN

TAL

UN

ITS

** A

djus

tmen

t for

util

izat

ion

of M

ortg

age

Reve

nue

Bond

s as

inte

rim c

onst

ruct

ion

finan

cing

Tota

l Fun

ds

Ant

icip

ated

20

13

CO

MM

ITM

ENTS

Appendices - 5

Page 20: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent o

f Pl

anni

ng a

nd D

evel

opm

ent

CO

MM

ITM

ENTS

AN

D P

ROD

UC

TIO

N C

OM

PARI

SON

TO

PLA

NJa

nuar

y 1

- D

ecem

ber

31

, 20

13

Firs

tQ

uart

er S

econ

d Q

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rd Q

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inal

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al

% o

f G

oal

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st

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rter

S

econ

d Q

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Thi

rd

Qua

rter

F

ourt

h Q

uart

er

Fin

al T

otal

%

of

Goa

l

SIN

GLE

-FA

MIL

Y RE

HA

B &

NEW

CO

NST

RUC

TIO

N

Chi

cago

Par

tner

ship

for

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rdab

le N

eigh

borh

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(CPA

N)

-$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

-

Affo

rdab

le R

equi

rem

ents

Ord

inan

ce (A

RO)

-$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

-

SITE

EN

HA

NC

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T

Site

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ovem

ents

-$

-$

-$

-$

-$

-$

-

-

-

-

-

-

-

-

ABA

ND

ON

ED P

ROPE

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TRA

NSF

ER P

ROG

RAM

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Trou

bled

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ldin

gs In

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ive

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000,

000

$

310,

382

$

1,

111,

478

$

306,

993

$

27

1,14

7$

2,00

0,00

0$

10

0.0%

110

42

60

38

34

174

158.

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000

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5

5

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35

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-$

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$

85

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21

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MM

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ENTS

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ts

20

13

UN

ITS

SERV

ED

Appendices - 6

Page 21: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

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nd D

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MM

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ENTS

Pr

ojec

ted

Uni

ts

Appendices - 7

Page 22: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

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of P

lann

ing

and

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ITS

Appendices - 8

Page 23: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

ing

and

Dev

elop

men

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D S

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HO

MEO

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IP

Appendices - 9

Page 24: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

ing

and

Dev

elop

men

t

PRO

DU

CTI

ON

BY

INC

OM

E LE

VEL

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2013

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81

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10

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vel

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TO IM

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NET

GRA

ND

TO

TAL

Appendices - 10

Page 25: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

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and

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Appendices - 11

Page 26: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

 

 

 

 

 

 

 

 

 

 

 

[This page intentionally left blank] 

Appendices - 12

Page 27: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

City of Chicago Department of Planning and Development

Summaries of Approved Multifamily Developments

Fourth Quarter 2013

Rosenwald Courts Rosenwald Courts GP LLC

4600 S. Michigan Avenue

Legends South C-3 Legends C-3 LLC

4716-30 S. Calumet Avenue 4820-22 S. Calumet Avenue

4328 S. Prairie Avenue 4312 S. Michigan Avenue 4325 S. Michigan Avenue 4335 S. Michigan Avenue

109 E. 43rd Street 119 E. 43rd Street

West Humboldt Place The Children’s Place Association

3533-45 W. Chicago Avenue

Appendices - 13

Page 28: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

City of Chicago Department of Planning and Development Fourth Quarter 2013

Project Summary: Rosenwald Courts

BORROWER/DEVELOPER: Rosenwald Courts GP LLC FOR PROFIT/NOT-FOR-PROFIT: For Profit PROJECT NAME AND ADDRESS: Rosenwald Courts 4600 S. Michigan Avenue WARD AND ALDERMAN: 3rd Ward

Alderman Pat Dowell COMMUNITY AREA: Grand Boulevard CITY COUNCIL APPROVAL: October 16, 2013 PROJECT DESCRIPTION: Acquisition and rehab of 239 units of senior and family housing

in eight buildings surrounding an interior courtyard. The Rosenwald is a historically significant development built in 1929 by Sears, Roebuck President Julius Rosenwald as housing for African American workers. Building improvements will include new interiors and utilities along with exterior upgrades. The redevelopment will also feature more than 80,000 square feet of retail, office and community spaces along 47th Street.

Tax-Exempt Bonds: $58,600,000 (used for interim construction financing) TIF Funds: $25,000,000

LIHTCs: $3,706,111 in 4% credits generating $32,819,108 in equity Historic Tax Credits: $14,707,745 NSP Funds: $5,000,000 Donation Tax Credits: $3,300,000 in credits generating $2,805,000 in equity City Land Write-down: $155,000

Appendices - 14

Page 29: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Project Summary: Rosenwald Courts Page 2 UNIT MIX/ RENTS

Type Number Rent* Income Levels Served Studio 3 $450 60% AMI 1 bed/1 bath 107 $400-800 50% AMI 1 bed/ 1 bath 43 $625-$650 60% AMI 1 bed/ 1 bath 6 $850 Market Rate 2 bed/ 1 bath 13 $400 50% AMI 2 bed/ 1 bath 24 $750 60% AMI 2 bed/ 2 bath 35 $705 60% AMI 2 bed/ 1 bath 3 $1000 Market Rate 2 bed/ 2 bath 5 $950 Market Rate TOTAL 239

* Tenants pay for gas and electricity. PROJECT COSTS

Category Amount Per Unit % of Project Acquisition $ 11,720,526 $ 49,040 10.6% Construction $ 60,803,122 $ 254,406 55.2% Soft Costs $ 14,819,513 $ 62,006 13.4% Developer Fee $ 7,280,590 $ 30,463 6.6% Commercial Costs $ 15,544,425 $ 65,039 14.1% TOTAL $ 110,168,176 $ 460,955 100%

PROJECT FINANCING

Source Amount Rate Per Unit % of Project Tax Credit Equity $ 47,526,853 $ 198,857 43.1% TIF Funds $ 25,000,000 $ 104,603 22.7% NSP Loan $ 5,000,000 $ 20,921 4.5% Donation Tax Credit $ 2,805,000 $ 11,736 2.5% CHA Loan $ 17,370,000 0.25% $ 72,678 15.8% DCEO Grant $ 893,800 $ 3,740 0.8% Seller Financing $ 7,712,377 2.31% $ 32,269 7.0% Deferred Developer Fee $ 3,160,146 $ 13,222 2.9% FHLB AHP Grant $ 700,000 $ 2,929 0.6% TOTAL $ 110,168,176 $ 460,955 100%

Appendices - 15

Page 30: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

City of Chicago Department of Planning and Development Fourth Quarter 2013

Project Summary: Legends South C-3

BORROWER/DEVELOPER: Legends C-3 LLC FOR PROFIT/NOT-FOR-PROFIT: For Profit PROJECT NAME AND ADDRESS: Legends South C-3 4716-30 S. Calumet Avenue 4820-22 S. Calumet Avenue 4328 S. Prairie Avenue 4312 S. Michigan Avenue 4325 S. Michigan Avenue 4335 S. Michigan Avenue 109 E. 43rd Street 119 E. 43rd Street WARD AND ALDERMAN: 3rd Ward

Alderman Pat Dowell COMMUNITY AREA: Grand Boulevard CITY COUNCIL APPROVAL: November 13, 2013 PROJECT DESCRIPTION: Construction of 71 mixed-income rental units in 14 buildings on

land currently owned by the City of Chicago. Part of the CHA Plan for Transformation, the project will create 30 units of replacement public housing plus 23 additional affordable apartments and 18 unrestricted market rate units. The two buildings on 43rd Street will also contain commercial space.

TIF Funds: $3,030,091

LIHTCs: $1,500,000 in 9% credits generating $14,843,930 in equity City Land Write-down: $542,000

Appendices - 16

Page 31: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Project Summary: Legends South C-3 Page 2 UNIT MIX/ RENTS

Type Number Rent* Income Levels Served 1 bedroom 1 $305 30% AMI 2 bedroom 1 $370 30% AMI 3 bedroom 1 $425 30% AMI 2 bedroom 1 $691 50% AMI 1 bedroom 6 $710 60% AMI 2 bedroom 7 $852 60% AMI 3 bedroom 6 $983 60% AMI 1 bedroom 4 $400 CHA 30% AMI 1 bedroom 4 $400 CHA 50% AMI 2 bedroom 6 $400 CHA 30% AMI 2 bedroom 4 $400 CHA 50% AMI 3 bedroom 4 $400 CHA 30% AMI 3 bedroom 5 $400 CHA 50% AMI 4 bedroom 1 $400 CHA 30% AMI 4 bedroom 2 $400 CHA 50% AMI 1 bedroom 6 $925 Market 2 bedroom 8 $1,150 Market 3 bedroom 4 $1,350 Market

TOTAL 71 * Tenants pay for gas and electricity. PROJECT COSTS

Category Amount Per Unit % of Project Construction $ 21,870,543 $ 308,036 77.2% Developer Fee $ 1,478,987 $ 20,831 5.2% Reserves $ 2,445,714 $ 34,447 8.6% Other Soft Costs $ 2,526,301 $ 35,582 8.9% TOTAL $ 28,321,545 $ 398,895 100%

PROJECT FINANCING

Source Amount Rate Per Unit % of Project Tax Credit Equity $ 14,843,930 $ 209,069 52.4% TIF Funds $ 3,030,091 $ 42,677 10.7% CHA Loan $ 8,730,000 $ 122,958 30.8% First Mortgage $ 1,390,000 $ 19,577 4.9% Deferred Developer Fee $ 324,424 $ 4,569 1.1% General Partner Equity $ 100 $ 1 < 0.1% TOTAL $ 28,321,545 $ 398,895 100%

Appendices - 17

Page 32: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

City of Chicago Department of Planning and Development

Fourth Quarter 2013

Project Summary: West Humboldt Place

BORROWER/DEVELOPER: The Children’s Place Association FOR PROFIT/NOT-FOR-PROFIT: Non-Profit PROJECT NAME AND ADDRESS: West Humboldt Place 3533-45 W. Chicago Avenue WARD AND ALDERMAN: 27th Ward

Alderman Walter Burnett COMMUNITY AREA: Humboldt Park CITY COUNCIL APPROVAL: December 11, 2013 PROJECT DESCRIPTION: Construction of a three-story supportive housing facility to serve

households in which at least one member has a disability and a history of homelessness. The project will contain a total of 13 studio, two- and three-bedroom apartments, along with a community room, computer center and off-street parking. Supportive services will include case management, family success coaching, mental health therapy, and job and educational assistance.

TIF Funds: $1,000,000 Donation Tax Credits: $75,000

Appendices - 18

Page 33: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Project Summary: West Humboldt Place Page 2 UNIT MIX/ RENTS

Type Number Rent* Income Levels Served Studio 3 $399 30% AMI

2 bed / 1 bath 3 $854 50% AMI 3 bed / 1 bath 3 $986 50% AMI 2 bed / 1 bath 2 $958 80% AMI 3 bed / 1 bath 2 $1,171 80% AMI

TOTAL 13 * Includes all utilities. PROJECT COSTS

Category Amount Per Unit % of Project Acquisition $ 212,000 $ 16,308 4.1% Construction $ 3,654,006 $ 281,077 71.3% Developer Fee $ 389,111 $ 29,932 7.6% Other Soft Costs $ 870,207 $ 66,939 17.0% TOTAL $ 5,125,324 $ 394,256 100%

PROJECT FINANCING

Source Amount Rate Per Unit % of Project TIF Funds $ 1,000,000 $ 76,923 19.5% IHDA $ 3,523,324 $ 271,025 68.7% Developer $ 300,000 $ 23,077 5.9% Deferred Developer Fee $ 185,000 $ 14,231 3.6% Donation Tax Credit $ 75,000 $ 5,769 1.5% DCEO Grant $ 42,000 $ 3,231 0.8% TOTAL $ 5,125,324 $ 394,256 100%

Appendices - 19

Page 34: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 20

Page 35: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 21

Page 36: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 22

Page 37: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 23

Page 38: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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13

0- 15%

16-

30%

31-

50%

51-

60%

61-

80%

81-

100%

101

+ %

1st

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ul A

maa

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nior

A

part

men

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omm

unity

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sing

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rtne

rs X

IV L

.P.

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ve.

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anor

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part

men

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lunt

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6000

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leva

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BPa

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tate

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th a

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ulas

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9% CREDITS

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vel

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oper

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ppro

ved

Appendices - 24

Page 39: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

ing

and

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elop

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t

MU

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ILY

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nuar

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embe

r 31, 2013

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81-

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Appendices - 25

Page 40: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

ing

and

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ULT

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OM

MIT

MEN

TSJa

nuar

y 1 -

Dec

embe

r 31, 2013

0- 15%

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30%

31-

50%

51-

60%

61-

80%

81-

100%

101+

%

1st

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ul A

maa

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nior

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men

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unity

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Par

tner

s XI

V L.

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zie

Ave

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56

56

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LC47

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Appendices - 26

Page 41: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

ing

and

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elop

men

t

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NO

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NG

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embe

r 31, 2013

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a C

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holic

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p.22

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500

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rk B

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vard

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3633

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side

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of

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lon

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se II

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1200

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ceTh

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. Chi

cago

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000

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5

16

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PPRO

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ject

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sour

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tal

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tsRe

serv

atio

n

Appendices - 27

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Appendices - 28

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Appendices - 29

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Appendices - 30

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Appendices - 31

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Appendices - 32

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Appendices - 33

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Appendices - 34

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Appendices - 35

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Appendices - 36

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Appendices - 37

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Appendices - 38

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Appendices - 39

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Appendices - 40

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Appendices - 41

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Appendices - 42

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Appendices - 43

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Appendices - 44

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Appendices - 45

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Appendices - 48

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Appendices - 49

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Appendices - 50

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Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,1 437-39 W MARQUETTE RD 7 Stabilized 6 Englewood

2013,1 8246-48 S Racine 8Under Receivership

18 Auburn Gresham

2013,1 6119-21 S GREENWOOD AVE 8 Recovered 20 Woodlawn

2013,1 5637 S WABASH AVE 5 Recovered 20 Washington Park

2013,1 300-10 N CENTRAL/5600-10 W FULTON 36 In Court 29 Austin

2013,1 4709-15 W Belmont 24 Recovered 31 Belmont Cragin

2013,1 4520-26 S Drexel Blvd 80Rehab In Process

4 Kenwood

2013,1 8215-19 S. ELLIS AVE. 12Under Receivership

8 Chatham

2013,1 7450-54 N. Greenview 70 Recovered 49 Rogers Park

2013,1 934-936 W Marquette St 6Under Receivership

17 Englewood

2013,1 6356-58 S Hermitage/1732-34 W 64th St 18Under Receivership

15 West Englewood

2013,1 920 W Cullom 7Rehab In Process

46 Uptown

2013,1 4701 W West End/120-22 N Kilpatrick 9 Recovered 28 Austin

2013,1 4828-30 W ADAMS 6Under Receivership

28 Austin

2013,1 6218-20 S DR MARTIN L KING JR DR 6 Demolished 20 Washington Park

2013,1 6201-03 S King / 409-11 E 62nd St 12 In Court 20 Woodlawn

2013,1 1511-15 E 71ST PL 8Rehab In Process

5 South Shore

2013,1 936-42 E. 80th ST. 12 In Court 8 Chatham

2013,1 6433 N. KEDZIE 4 In Court 50 West Ridge

2013,1 7550-58 S. Essex 32 In Court 7 South Shore

2013,1 6016-18 S. Paririe Ave 8 In Court 20 Washington Park

2013,1 5108 S. CALUMET AVE 6 In Court 3 Washington Park

2013,1 5714 Thomas 8Under Receivership

29 Austin

2013,1 6201-05 S RHODES AVE 12Under Receivership

20 Woodlawn

2013,1 2101-03 W HOOD 4 In Court 40 West Ridge

2013,1 1038 Kedzie 6Under Receivership

26 Humboldt Park

2013,1 5556 W. Jackson 36 In Court 29 Austin

2013,1 4950 W. Madison 18 In Court 28 Austin

2013,1 500 S Laramie 49 In Court 29 Austin

2013,1 3828-30 W Adams 6Under Receivership

28 West Garfield Park

2013,1 4021-29 S ELLIS AVE 38 Demolished 4 Oakland

2013,1 436-40 E 72ND ST 9Under Receivership

6 Greater Grand Crossing

2013,1 101 N. Pine Avenue 8 In Court 28 Austin

2013,1 111 N. Pine Avenue 8 Stabilized 28 Austin

2013,1 121 N. Pine Avenue 8 Stabilized 28 Austin

2013,1 129 N. Pine Avenue 8 Stabilized 28 Austin

2013,1 131 N. Pine Avenue 8 Stabilized 28 Austin

Appendices - 51

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Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,1 139 N. Pine Avenue 8 Stabilized 28 Austin

2013,2 3542-48 W POLK ST 12Under Receivership

24 East Garfield Park

2013,2 1138-40 S. Karlov/4101 W. Grenshaw 6Under Receivership

24 North Lawndale

2013,2 7831-33 S COLFAX AVE 8 Stabilized 7 South Shore

2013,2 6211-21 S. Vernon Ave. 24Rehab In Process

20 Woodlawn

2013,2 6116-34 S King Drive 50 Recovered 20 Washington Park

2013,2 7043-45 S CLYDE AVE 6 Recovered 5 South Shore

2013,2 6424-26 S. Ellis 6Rehab In Process

20 Woodlawn

2013,2 6201-03 S LANGLEY AVE 12 Stabilized 20 Woodlawn

2013,2 6201 S Rockwell St 10Rehab In Process

15 Chicago Lawn

2013,2 3412-20 W IRVING PARK 16 In Court 33 Irving Park

2013,2 4840 N SHERIDAN 4 In Court 46 Uptown

2013,2 5756 S Laflin /1506-08 W 58th ST 6 Demolished 16 West Englewood

2013,2 3208-14 N SHEFFIELD AVE 98Rehab In Process

44 Lake View

2013,2 4800 S CALUMET AVE/319-23 E. 48TH 27Rehab In Process

3 Grand Boulevard

2013,2 17-19 E OHIO ST 190 Stabilized 42 Near North Side

2013,2 4317-19 S MICHIGAN 12 In Court 3 Grand Boulevard

2013,2 2044-48 N. Drake/3547 W Dickens 9 In Court 35 Logan Square

2013,2 5901-03 S PRAIRIE AVE 7Rehab In Process

20 Washington Park

2013,2 6152-58 S EBERHART AVE / 448-50 E. 62ND ST. 23Rehab In Process

20 Woodlawn

2013,2 519 S. Lavergne 8Under Receivership

24 Austin

2013,2 1038 Kedzie 6 In Court 26 Humboldt Park

2013,2 5500 Division 18 In Court 37 Austin

2013,2 2101-03 W HOOD 4 Stabilized 40 West Ridge

2013,2 7646-56 S ESSEX AVE / 2448 E 77TH STREET 32 In Court 7 South Shore

2013,2 901 E. 104th Street 210Rehab In Process

9 Pullman

2013,2 7829-31 S. PHILLIPS AVE. 6 Stabilized 7 South Shore

2013,2 1428 N. Lockwood 6Under Receivership

37 Austin

2013,2 6042-44 S MICHIGAN AVE 6Under Receivership

20 Washington Park

2013,2 6038 S. Champlain Ave. 1Under Receivership

20 Woodlawn

2013,2 3550-54 W FRANKLIN BLVD 17 In Court 27 Humboldt Park

2013,2 436-40 E 72ND ST 9Rehab In Process

6 Greater Grand Crossing

2013,2 119-21 E 57th Street 6Rehab In Process

20 Washington Park

2013,2 101 N. Pine Avenue 8 Demolished 28 Austin

2013,2 105 N. Pine Avenue 8 Demolished 28 Austin

2013,2 111 N. Pine Avenue 8 Demolished 28 Austin

2013,2 121 N. Pine Avenue 8 Demolished 28 Austin

Appendices - 52

Page 67: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,2 125 N. Pine Avenue 8 Demolished 28 Austin

2013,2 129 N. Pine Avenue 8 Demolished 28 Austin

2013,2 131 N. Pine Avenue 8 Demolished 28 Austin

2013,2 139 N. Pine Avenue 8 Demolished 28 Austin

2013,2 7100-16 S COTTAGE GROVE AVE 8 Demolished 5 Greater Grand Crossing

2013,2 7800-10 S PHILLIPS AVE / 2413-21 E 78TH ST 34 Stabilized 7 South Shore

2013,2 6210-12 S INGLESIDE AVE 6Rehab In Process

20 Woodlawn

2013,2 6043-45 S Dr. Martin Luther King, Jr., Drive 6Under Receivership

20 Woodlawn

2013,2 6151 S. Champlain Ave. 3Under Receivership

20 Woodlawn

2013,2 6145-47 S VERNON AVE 6 Recovered 20 Woodlawn

2013,2 1501 N. Springfield 2 Demolished 30 Humboldt Park

2013,2 6729-31 S CHAPPEL AVE 6 Stabilized 5 South Shore

2013,2 7849-53 S. COLES AVENUE 25 In Court 7 South Shore

2013,2 6101-03 S Kenwood Avenue 6 In Court 20 Woodlawn

2013,2 8229 S. ELLIS AVENUE 4 Stabilized 8 Chatham

2013,2 1230-32 E 75th St 8Under Receivership

5 Greater Grand Crossing

2013,2 6456 S Honore/1838-40 W 65th Street 6Under Receivership

15 West Englewood

2013,2 3556-58 W DOUGLAS/1337-45 S CENTRAL 21Rehab In Process

24 North Lawndale

2013,24654-56 N. CENTRAL PARK/ 3605-07 W. LELAND

12Rehab In Process

33 Albany Park

2013,2 1001 N. Lamon 8Under Receivership

37 Austin

2013,2 2400-12 W. Bryn Mawr/5600-12 N. Western 10Under Receivership

40 West Ridge

2013,2 6433 N. KEDZIE 4 Stabilized 50 West Ridge

2013,2 3828-30 W Adams 6 In Court 28 West Garfield Park

2013,2 4801 S CALUMET AVE 14 In Court 3 Grand Boulevard

2013,2 6715-17 N Seeley 5 In Court 50 West Ridge

2013,2 6116 S St Lawrence Ave 3 In Court 20 Woodlawn

2013,2 6506-08 S ELLIS AVE 6 Recovered 20 Woodlawn

2013,2 515 E 46TH PLACE 3 In Court 3 Grand Boulevard

2013,2 242 N. Mason 6Under Receivership

29 Austin

2013,2 8119-25 S Cottage Grove Ave 19 In Court 8 Chatham

2013,3 6226-28 S Western 14 In Court 15 Chicago Lawn

2013,37956-8 S ST LAWRENCE AVE /542-48 E. 80TH ST.

12 Recovered 6 Chatham

2013,3 3224 E 48TH ST / 4750-58 S. CALUMET AVE 21 Recovered 3 Grand Boulevard

2013,3 3714-3716 W. Wrightwood 12Rehab In Process

35 Logan Square

2013,3 6432 S Eberhart Ave. 2Under Receivership

20 Woodlawn

2013,3 6201-05 S RHODES AVE 12 Recovered 20 Woodlawn

2013,3 6432 S Evans Ave. 2Under Receivership

20 Woodlawn

Appendices - 53

Page 68: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,3 6200-04 S LANGLEY AVE 20 In Court 20 Woodlawn

2013,3 5656 S INDIANA AVE / 118-32 E. 57TH STREET 18 Stabilized 20 Washington Park

2013,3 1809 E. 67TH STREET 80Under Receivership

South Shore

2013,3 5026-28 S MICHIGAN 6Rehab In Process

3 Grand Boulevard

2013,3 7518 N RIDGE 6Under Receivership

49 West Ridge

2013,3 6127-29 S. King Drive 6 In Court 20 Woodlawn

2013,3 2100-02 N ALBANY/3104-10 W DICKENS 20Rehab In Process

35 Logan Square

2013,3 4701 West End 2Under Receivership

28 Austin

2013,3 5522-24 S INDIANA AVE 40 Stabilized 20 Washington Park

2013,3 6152-54 S EVANS AVE 6Rehab In Process

20 Woodlawn

2013,3 6807-09 S CORNELL AVE 6 In Court 5 South Shore

2013,3 6506 S SAINT LAWRENCE AVE 2Under Receivership

20 Woodlawn

2013,3 6224 S SAINT LAWRENCE AVE 3Under Receivership

20 Woodlawn

2013,3 6457 S LANGLEY AVE 2Under Receivership

20 Woodlawn

2013,3 1230-32 E 75th St 8 In Court 5 Greater Grand Crossing

2013,3 7550-58 S. Essex 32Under Receivership

7 South Shore

2013,3 4520-26 S Drexel Blvd 80 Recovered 4 Kenwood

2013,3 2800-10 E. 81st Street 8 In Court 7 South Chicago

2013,3 7522-24 S. Essex 7 Recovered 7 South Shore

2013,3 6201-03 S King / 409-11 E 62nd St 12Rehab In Process

20 Woodlawn

2013,3 344-46 W 65TH ST 6 Stabilized 20 Englewood

2013,3 308-16 W 71ST ST 12 Stabilized 6 Greater Grand Crossing

2013,3 1617-23 W 56TH ST /5601 S MARSHFIELD AVE 8 Stabilized 15 West Englewood

2013,3 6055 S PEORIA ST /846-48 W 61ST ST 12 Stabilized 16 Englewood

2013,3 344-50 W 77TH ST /7639-55 S STEWART AVE 36Rehab In Process

17 Greater Grand Crossing

2013,3 6603 S Fairfield/2717 W 66th ST 8 Recovered 15 Chicago Lawn

2013,3 4233-4237 S Archer - 4258 S Albany 6 In Court 12 Brighton Park

2013,3 934-936 W Marquette St 6 Recovered 17 Englewood

2013,3 1146-52 W 69TH ST 4 Demolished 17 Englewood

2013,32648-54 W 62ND ST/ 6157-9 S WASHTENAW AVE

15 Stabilized 15 Chicago Lawn

2013,3 5736-48 N. WINTHROP 44Rehab In Process

48 Edgewater

2013,3 6716-18 S. Clyde Ave. 6 Recovered 5 South Shore

2013,3 7159 S. Wabash Ave. 6 In Court 6 Greater Grand Crossing

2013,3 5714 Thomas 8 In Court 29 Austin

2013,3 7000-02 S Claremont - 2335 W 70th ST 10 Recovered 15 Chicago Lawn

2013,3 4527 S Washtenaw 3 Recovered 11 Brighton Park

2013,3 7356-58 S. South Shore Drive 6 Recovered 7 South Shore

Appendices - 54

Page 69: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,3 6456 S Honore/1838-40 W 65th Street 6 In Court 15 West Englewood

2013,3 7250 S WENTWORTH AVE 2 Demolished 17 Greater Grand Crossing

2013,3 6125-37 S. Indiana Ave. 37Rehab In Process

20 Washington Park

2013,3 4725 S MICHIGAN AVE 28 Recovered 3 Grand Boulevard

2013,3 7743-47 S. Kingston Ave 6 In Court 7 South Shore

2013,3 7847-53 S Essex / 2500-06 E 79th St 26 In Court 7 South Shore

2013,3 8215-19 S. ELLIS AVE. 12 In Court 8 Chatham

2013,3 7722-24 S. Cornell Avenue 10Under Receivership

8 South Shore

2013,3 7234-44 S. Dorchester Ave. 12Rehab In Process

5 South Shore

2013,3 6408 S. Langley Ave. 2Under Receivership

20 Woodlawn

2013,3 3401-09 W MONROE/110-16 S HOMAN 24 Demolished 28 East Garfield Park

2013,35503-9 S BISHOP ST/1421-25 W. GARFIELD BLVD.

18 In Court 16 West Englewood

2013,3 7801-05 S PAULINA / 1657-59 W 78TH 20 Stabilized 17 Auburn Gresham

2013,3 3357 CHICAGO 6Under Receivership

27 Humboldt Park

2013,3 3302-08 W HURON 8 Recovered 27 Humboldt Park

2013,3 1014-26 W LAWRENCE 372 In Court 46 Uptown

2013,3 6433 N. KEDZIE 4 Recovered 50 West Ridge

2013,3 3350 W. Evergreen 6Rehab In Process

26 Humboldt Park

2013,3 3056 W Cermak 4Rehab In Process

24 South Lawndale

2013,3 801-05 E. 51st/5127-41 S. Cottage Grove 40 Recovered 4 Washington Park

2013,3 7314-22 N. WINCHESTER 20Rehab In Process

49 Rogers Park

2013,3 7722-34 N ASHLAND AVE 25 Recovered 49 Rogers Park

2013,3 4412-14 S PRAIRIE AVE 6 Stabilized 3 Grand Boulevard

2013,3 3550-54 W FRANKLIN BLVD 17 Stabilized 27 Humboldt Park

2013,3 501-11 E 61st Street 4Rehab In Process

20 Woodlawn

2013,3 5901-03 S PRAIRIE AVE 7 Stabilized 20 Washington Park

2013,3 9118-24 S. Dauphin Street 24Under Receivership

8 Chatham

2013,3 6412-14 S. Vernon Ave. 8 Stabilized 20 Woodlawn

2013,3 2954-60 N Pulaski 16 In Court 30 Avondale

2013,3 132 S. Pulaski 2 Demolished 28 West Garfield Park

2013,3 1549-51 N LOCKWOOD 10 Recovered 37 Austin

2013,3 319-21 S HOMAN 6 Recovered 28 East Garfield Park

2013,3 2007-2011 N Kenneth 12 Recovered 31 Hermosa

2013,3 5024-5028 W Quincy 15 Recovered 28 Austin

2013,3 1138-40 S. Karlov/4101 W. Grenshaw 6 Recovered 24 North Lawndale

2013,3 1319 S. Spaulding 6 Recovered 24 North Lawndale

2013,3 242 N. Mason 6 In Court 29 Austin

Appendices - 55

Page 70: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,3 1227 S. Homan 6Rehab In Process

24 North Lawndale

2013,3 3351-57 W OHIO 15Rehab In Process

27 Humboldt Park

2013,3 436-40 E 72ND ST 9 Recovered 6 Greater Grand Crossing

2013,3 3138-40 S. Indiana Avenue 8 In Court 3 Douglas

2013,3 7915-19 S. Hermitage Avenue 17Rehab In Process

21 Auburn Gresham

2013,3 6243 S. Vernon Ave. 5 Stabilized 20 Woodlawn

2013,3 1909 S. SPAULDING 4Under Receivership

24 Austin

2013,4 7937-39 S. Marquette Avenue 20 Demolished 7 South Chicago

2013,4 5808 S MICHIGAN AVE 3Under Receivership

20 Washington Park

2013,4 6200-04 S LANGLEY AVE 20Under Receivership

20 Woodlawn

2013,4 3314-20 W. Byron 8 Stabilized 33 Irving Park

2013,4 7901 S Throop St/1255-59 W 79th St 6 In Court 6 Auburn Gresham

2013,4 5134-5144 S Ingleside Ave 20 In Court 4 Hyde Park

2013,4 1500 S. Lawndale 7Under Receivership

24 North Lawndale

2013,4 7763-66 SOUTH SHORE DRIVE 21Under Receivership

7 South Shore

2013,4 724 N. Trumbull 4Under Receivership

27 Humboldt Park

2013,4 431 CENTRAL PARK 6Under Receivership

27 Humboldt Park

2013,4 4820-22 S MICHIGAN AVE 14 Stabilized 3 Grand Boulevard

2013,4 515 E 46TH PLACE 3Under Receivership

3 Grand Boulevard

2013,4 2400-12 W. Bryn Mawr/5600-12 N. Western 10 In Court 40 West Ridge

2013,4 360-76 E 61ST ST 8 In Court 20 Washington Park

2013,4 6219-21 S. Rhodes Ave. 6 Need Case 20 Woodlawn

2013,4 1525-27 E. 65th Street 6Under Receivership

20 Woodlawn

2013,4 3357 CHICAGO 6 In Court 27 Humboldt Park

2013,4 903-09 E. 82nd St 9 In Court 5 Chatham

2013,4 7501-11 S Yates Blvd 22 In Court 7 South Shore

2013,4 7653-55 S Loomis Blvd 10 In Court 17 Auburn Gresham

2013,4 8124 S Ingleside Ave 3 Need Case 8 Chatham

2013,4 6947 S Jeffery Blvd 12 In Court 5 South Shore

2013,4 4800 S CALUMET AVE/319-23 E. 48TH 27 Recovered 3 Grand Boulevard

2013,4 5901-03 S PRAIRIE AVE 7 Recovered 20 Washington Park

2013,4 6151 S. Champlain Ave. 3 In Court 20 Woodlawn

2013,4 6128 S EBERHART AVE 4 In Court 20 Woodlawn

2013,4 6456 S Honore/1838-40 W 65th Street 6 Stabilized 15 West Englewood

2013,4 5000-08 S. Champlain 15Rehab In Process

4 Grand Boulevard

2013,4 3056 W Cermak 4 Stabilized 24 South Lawndale

2013,4 5036 W Adams 6 In Court 28 Austin

Appendices - 56

Page 71: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentTROUBLED BUILDINGS INITIATIVE I (Multifamily)

January 1 - December 31, 2013

Quarter First Counted

Primary Address# ofUnits

TBI Status Ward Community Area

2013,4 1001 N. Lamon 8 In Court 37 Austin

2013,4 7722-24 S. Cornell Avenue 10 In Court 8 South Shore

2013,4 8100 S. Ellis Avenue 3 In Court 8 Chatham

2013,4 3700 S. Wood Street 5 In Court 11 McKinley Park

2013,4349-59 E. 73rd STREET / 7301 S. CALUMET AVENUE

12 Demolished 6 Greater Grand Crossing

2013,4 2549-61 E. 75th STREET 36 Recovered 7 South Shore

2013,4 6201-03 S LANGLEY AVE 12 In Court 20 Woodlawn

2013,4 413 E. 60th Street 1Under Receivership

20 Woodlawn

2013,4 7515-17 N. Seeley 11Rehab In Process

49 Rogers Park

2013,44654-56 N. CENTRAL PARK/ 3605-07 W. LELAND

12 Recovered 33 Albany Park

2013,4 6103-6107 N. CLAREMONT 10 Recovered 50 West Ridge

2013,4 2501 W 63RD ST /6304-10 S. CAMPBELL AVE 25 Recovered 15 Chicago Lawn

2013,4735-45 W GARFIELD BLVD/5500-10 S EMERALD AVE

65 Recovered 3 Englewood

2013,4 6429-37 S STEWART AVE 45 In Court 20 Englewood

2013,4 2500-04 W 63rd st/6248-54 S Campbell 4 Recovered 15 Chicago Lawn

2013,4 8500-04 S. Stony Island/1543-49 E. 85th St. 12 In Court 8 Avalon Park

2013,4 8253-59 S Elizabeth/1214-1222 W 83rd St 13 In Court 18 Auburn Gresham

2013,4 7530-32 S Stewart 12 In Court 17 Greater Grand Crossing

2013,4 5135-41 S Drexel 25 Stabilized 4 Hyde Park

2013,4 5948-56 N. Broadway/1201-11 W. Elmdale 24 Recovered 49 Edgewater

2013,4 5124-26 S INDIANA 6 In Court 3 Washington Park

2013,4 3144 - 3150 W Franklin 20 Recovered 27 Humboldt Park

2013,4 836 N Monticello 2 Demolished 27 Humboldt Park

2013,4 1148 - 1150 N. Keeler 8 Recovered 37 Humboldt Park

2013,4 2115-2123 N St. Louis 10 Recovered 35 Logan Square

2013,4 1454-56 N LUNA/5535-37 W LEMOYNE 8 Recovered 37 Austin

2013,4 1227 S. Homan 6 Stabilized 24 North Lawndale

2013,4 1239-41 N KEELER/4158 W CRYSTAL 7 Recovered 37 Humboldt Park

2013,4 5248-60 W. Potomac Ave. 8 Recovered 37 Austin

2013,4 1511-15 E 71ST PL 8 In Court 5 South Shore

2013,4 6154-58 S Rockwell St 8 In Court 15 Chicago Lawn

Appendices - 57

Page 72: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 58

Page 73: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 59

Page 74: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,1 1008 N. Francisco Ave. Unit 3S $15,000 1 262013,1 1035 N Leclaire $15,000 1 372013,1 10544 S. Parnell Ave. $15,000 1 342013,1 10600 South Emerald $15,000 1 342013,1 1111 N. Laramie $15,000 1 372013,1 1122 W. Catalpa Ave. #615 $15,000 1 482013,1 11301 Avenue M $15,000 1 102013,1 11330 South Talman $15,000 1 192013,1 11612 S. Elizabeth Street $15,000 1 342013,1 1215 W Gunnison St #208 $15,000 1 482013,1 1221 North Dearborn #1211S $20,550 1 422013,1 12226 S. Perry Ave. $15,000 1 92013,1 1227 N. Noble Street Unit 3S $232,331 1 322013,1 1241 West Ardmore Ave, unit 3 $15,000 1 482013,1 13016 S. Burley $15,000 1 102013,1 137 East 107th Street $75,400 2 92013,1 1419 N. Mayfield Ave $15,000 1 292013,1 142 S. Whipple St. $15,000 1 282013,1 1617 West Touhy, unit 1 $100,000 1 492013,1 1622 N. Laramie $15,000 1 372013,1 1629 W. Greenleaf Ave #402 $15,000 1 492013,1 1715 Meade $15,000 2 292013,1 2030-32 North Keeler Ave $101,160 1 302013,1 2242 N. Kostner Ave $15,000 1 312013,1 2304 East 77th Street $15,000 1 72013,1 2333 N. Neva 402 C $43,000 1 362013,1 235 Van Buren #1720 $15,000 1 22013,1 2442 N. Avers $15,000 2 302013,1 253 West 112th Place $68,800 1 342013,1 2554 W. 38th St $15,000 1 122013,1 2607 N. Parkside Ave $15,000 1 302013,1 2800 N Lake Shore Dr. # 415 $15,000 1 442013,1 2800 N. Orchard unit 901 $15,000 1 442013,1 2941 S. Michigan Unit #517 $15,000 1 22013,1 2952 N. Mobile $15,000 1 292013,1 3036 N. Gresham $246,200 1 352013,1 3315 W. Pierce Ave apt #2 $15,000 1 262013,1 3414 W. 84th PL $15,000 1 182013,1 3425 West 76th Street $101,000 1 182013,1 3426 N. Ridgeway $15,000 4 302013,1 3526 S. Seeley Ave $15,000 1 112013,1 3539 West 60th Street $15,000 1 162013,1 3709 West 58th Place $49,300 1 142013,1 3734 S. Paulina St. $15,000 1 112013,1 3735 W. 66th Place $15,000 1 132013,1 3756 W. Windsor Ave $15,000 2 392013,1 3847 West 80th Street $71,000 1 18

Appendices - 60

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Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,1 4131 W. Belmont Ave. $60,000 1 312013,1 419 East 46th Street $5,541 2 32013,1 4224 W Iowa $111,100 1 372013,1 4240 N. Keystone St. 2B $15,000 1 392013,1 4300 West 21st Place $37,350 3 242013,1 4323 West Peterson Ave $225,000 1 392013,1 4343 N. Clarendon Ave #1714 $15,000 1 462013,1 4432 S. Kedvale Ave $15,000 1 142013,1 4700 West 47th Street $15,000 2 232013,1 4735 Kolin Ave $15,000 1 232013,1 4815 Meade Avenue $15,000 1 452013,1 4859 South Komensky Ave $194,970 1 142013,1 4912 South Champlain $15,000 1 42013,1 4923 North Harlem Ave, unit 1 $15,000 1 412013,1 5012 S. Leamington Ave. $15,000 1 232013,1 5020 South Lawndale Ave. $15,000 1 142013,1 5149 S. Lawler $144,000 1 232013,1 520 North Kedzie Ave $15,000 2 272013,1 5216 West Adams $15,000 2 292013,1 5250 North Paulina Street, Unit #2 $207,254 1 402013,1 543 West Addison Unit 2S $179,325 1 462013,1 5438 S. Francisco Ave. $15,000 1 142013,1 5755 West Diversey, unit 3 $15,000 1 302013,1 6118 S. Kolmar Ave. $15,000 1 132013,1 619 N. Lawndale Ave $15,000 1 272013,1 6219 S. Claremont $92,150 1 152013,1 6352 S. Whipple St $15,000 1 152013,1 6401 W. Berteau Unit 404 $15,000 1 382013,1 6509 W. 63rd St. 1B $15,000 1 232013,1 6852 N. Northwest Highway Apt 2B $15,000 1 412013,1 710 West 115th Street $15,000 1 342013,1 7130 South Lawndale Ave $155,000 1 132013,1 7226 South Oglesby $15,000 1 52013,1 7411 S. Maplewood $15,000 1 182013,1 7720 S. Troy $15,000 1 182013,1 7801 South Aberdeen Street $15,000 1 172013,1 7817 S. Sawyer Ave. $15,000 1 182013,1 7914 South Talman Ave. $15,000 1 182013,1 809 East 40th Street unit 3-1 $15,000 1 42013,1 8135 S. Perry $15,000 1 212013,1 8139 S. Bennett $15,000 1 82013,1 8145 S. Troy St. $15,000 1 182013,1 8148 S. Wentworth $15,000 1 212013,1 8321 S. Hermitage $15,000 1 182013,1 8417 S. Oglesby Ave. $15,000 1 82013,1 8649 S. St Lawrence Street $15,000 1 62013,1 8846 South Justine $15,000 1 21

Appendices - 61

Page 76: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,1 9007 S. Carpenter Street $15,000 1 212013,1 9034 S. East End Avenue $15,000 1 82013,1 928 W. Eastwood Ave Unit 4E $15,000 1 462013,1 9311 South Emerald $15,000 1 212013,1 946 W. Fry St. #2E $15,000 1 272013,1 9532 S. Hamilton $174,000 1 192013,1 9632 S. Parnell Ave $15,000 1 212013,1 9640 S. Prairie $15,000 1 62013,1 9926 South Beverly Ave $15,000 1 212013,2 10212 South St Lawrence $113,350 1 92013,2 10215 S. Forest Ave $15,000 1 92013,2 10338 S. Greenbay $15,000 1 102013,2 10535 S. Church St. $15,000 1 192013,2 10536 S. Eggleston Ave. $15,000 1 342013,2 10712 S Avenue F $15,000 1 102013,2 10725 South Champlain $15,000 1 92013,2 11601 S. Loomis $15,000 1 342013,2 1214 West Thorndale Ave, Unit 1 $15,000 1 482013,2 1223 W. 95th Place $15,000 1 212013,2 1227 W. 97th PL. $166,700 1 212013,2 12648 South Princeton $15,000 1 92013,2 13017 South Houston Ave $15,000 2 102013,2 1321 North Waller $15,000 1 292013,2 1534 West Rosemont $15,000 1 402013,2 1560 North Sandburg Terrace #2007 $15,000 1 422013,2 1652 East 83rd Place $15,000 1 82013,2 1671 North Claremont Ave. Unt 5 $15,000 1 12013,2 1746 N. New England Ave $15,000 1 362013,2 1944 North Oak Park Ave. $15,000 1 362013,2 2005 Chase Ave, Unit 2 $15,000 1 492013,2 207 East 31st Street, Unit 3C $15,000 1 32013,2 2124 North Mason $15,000 1 292013,2 215 North Aberdeen St., Unit 508 $15,000 1 272013,2 227 W. 106 PL $26,261 1 342013,2 2323 West Pershing Rd., unit 111 $15,000 1 122013,2 2332 West Rosemont Ave $15,000 1 502013,2 2345 South Cental Park $167,500 1 222013,2 2439 West Farragut, Unit 3B $15,000 1 402013,2 2607 North Hamlin, unit 1N $12,260 1 352013,2 2613 West Cortez 1F $15,000 1 12013,2 2620 West 79th PL $15,000 1 182013,2 2732 N. Merrimac Ave $15,000 1 292013,2 2822 West 99th Place $15,000 1 192013,2 2921 West Glenlake St, unit 2E $15,000 1 502013,2 2930 N. Sheridan, Unit 1404 $15,000 1 442013,2 2930 North Sheridan, unit 1109 $15,000 1 442013,2 2934 North Moody $15,000 1 29

Appendices - 62

Page 77: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,2 3051 North Harlem Avenue $15,000 1 362013,2 3128 West 15th Place $98,128 2 242013,2 3135 North Harding Ave. $15,000 2 312013,2 3255 West Leland Ave $209,090 2 332013,2 3322 W. 65th St. $15,000 1 152013,2 3435 W. Melrose Street $15,000 1 352013,2 3505 South Morgan St. #307 $15,000 1 112013,2 3511 W. 75th PL $15,000 1 182013,2 3550 North Lake Shore Drive #304 $15,000 1 462013,2 3604 North Pine Grove, #4F $15,000 1 462013,2 3605 N. Nordica Ave $15,000 1 362013,2 3635 West 67th Place $15,000 1 132013,2 3733 North St. Louis, Unit 2F $15,000 1 352013,2 3734 West 70th Place $15,000 1 132013,2 4012 South Oakenwald, unit 1 $15,000 1 42013,2 4041 N. Keystone, Unit G $15,000 2 392013,2 4132 W. 78th St. $15,000 1 132013,2 4219 West 83rd $15,000 1 182013,2 4412 N. Paulina St., #1 $15,000 1 472013,2 4417 South Berkeley Ave. $15,000 1 42013,2 4438 South Leamington $15,000 1 232013,2 445 W Wellington Ave # 11H $15,000 1 442013,2 4455 South Oakenwald Ave Unit 1 $15,000 1 42013,2 4456 W. Augusta Blvd $15,000 1 372013,2 4506 West 83rd Street $30,000 1 132013,2 4530 West 83rd Street $117,700 1 132013,2 4608 West Dickens $15,000 1 312013,2 4624 W. Deming PL $15,000 1 312013,2 4706 West Congress $15,000 2 242013,2 4814 N. Clark St. #207S $15,000 1 462013,2 4814 North Clark St., unit 511S $15,000 1 462013,2 4827 West Concord PL $15,000 1 372013,2 4915 West Monroe $141,054 2 282013,2 4921 S. King Dr., 3N $15,000 1 42013,2 4956 South Champlain, Unit 1N $222,600 1 42013,2 5036 W. Pensacola Ave #204 $15,000 1 452013,2 5111 W. Crystal Street $15,000 1 372013,2 535 East 88th Pl. $147,300 1 62013,2 5454 W Gettysburg Street $142,000 1 452013,2 5556 North Sheridan Rd. unit 306 $15,000 1 482013,2 6051 W. Henderson St. $15,000 1 362013,2 609 E. 107th St. $15,000 1 92013,2 6104 North Lawndale Ave $15,000 1 392013,2 6112 West 64th Place $162,000 1 132013,2 612 West 48th Place $15,000 2 112013,2 6151 W 55th Street $15,000 1 232013,2 617 W Drummond Place Apt # 2CE $15,000 1 43

Appendices - 63

Page 78: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,2 6213 South Rutherford $15,000 1 232013,2 6314 S. Kedvale $15,000 1 132013,2 6324 S. Campbell $15,000 1 152013,2 6419 South Keller Ave $15,000 1 132013,2 6440 South Narragansett Ave, Unit 1E $15,000 1 232013,2 6448 North Rockwell $15,000 2 502013,2 6505 North Nashville $15,000 1 412013,2 6526 N. Irving Park, Unit #504 $15,000 1 382013,2 6602 North Ridge Blvd Unit 1 $15,000 1 502013,2 6623 South Kilpatrick $15,000 1 132013,2 6724 S. Kostner Ave $15,000 1 132013,2 6806 S. Crandon Unit 23 $6,300 1 52013,2 6807 South Jeffery Blvd $15,000 2 52013,2 7147 South Rockwell $15,000 2 182013,2 729 East 90th Street $15,000 1 62013,2 7323 South Dante $15,000 2 52013,2 7457 N Sheridan Road, Unit 3B $15,000 1 492013,2 7732 S. Spaulding Ave. $49,927 1 182013,2 7751 South Evans $15,000 1 62013,2 7758 South Trumbull Ave $15,000 1 182013,2 7834 South Ada Street $166,500 1 172013,2 8 East 90th Street $15,000 1 62013,2 8030 South Perry Ave $15,000 1 172013,2 812 East Bowen, unit 3B $15,000 1 42013,2 8123 South Woodlawn $15,000 1 82013,2 8215 South Merrill $15,000 1 82013,2 8225 S. Manistee Ave $15,000 1 72013,2 8317 South Sangamon $154,000 1 212013,2 8622 S. Saginaw $15,000 1 72013,2 8805 S. Union Ave $15,000 1 212013,2 8906 South Eggleston $15,000 1 212013,2 9001 S. Crandon $15,000 1 72013,2 9120 South Normal $133,462 1 212013,2 9212 S. Throop $15,000 1 212013,2 9242 South Laflin $15,000 1 212013,2 9806 South Indiana Ave $15,000 1 62013,2 9831 South Ellis $15,000 1 82013,3 10137 S. Avenue M $121,900 2 102013,3 1037 W. 97th St. $15,000 1 212013,3 10764 South Champlain $15,000 1 92013,3 11308 S. Laflin $201,360 1 342013,3 11526 South Laflin $136,600 1 342013,3 1153 North Kedvale Ave $15,000 1 372013,3 1231 W. Lunt Ave Apt 1-S $59,900 1 492013,3 1352 North Ridgeway $157,700 2 262013,3 1458 Harding $15,000 1 302013,3 1505 N. Lotus $15,000 1 37

Appendices - 64

Page 79: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,3 1550 S. Blue Island # 607 $85,000 1 22013,3 1649 North Newcastle Ave $15,000 1 362013,3 1715 W. 33rd Street $15,000 1 112013,3 1720 S. Michigan Ave Unit 1713 $171,000 1 22013,3 1720 South Michigan Ave #1016 $15,000 1 22013,3 1820 North Spaulding #209 $15,000 1 262013,3 1922 North Kedvale Ave $15,000 2 302013,3 2040 West 82nd Street $15,000 1 182013,3 2049 N. Lavergne $182,290 1 312013,3 2101 West 83rd Street $15,000 1 182013,3 2200 North Natchez, Unit 3N $15,000 1 362013,3 2650 North Nordica Ave $224,166 1 362013,3 2701 S. Lowe Ave $15,000 2 112013,3 2744 W. Maypole Ave. $15,000 1 272013,3 3022 N. Rutherford $15,000 1 362013,3 3131 N. Davlin $155,350 2 302013,3 3300 West Douglas $95,045 2 242013,3 3352 N. Natchez $15,000 1 362013,3 3355 South Archer Ave Unit 1 $15,000 1 112013,3 3425 West 12th PL $173,136 2 242013,3 3515 W. 65 th St. $94,250 1 152013,3 3733 West 57th Pl. $15,000 1 142013,3 3900 N Lake Shore Drive Unit 19J $15,000 1 462013,3 3910 W. 64th Street $15,000 1 132013,3 3963 W Belmont Ave #306, $15,000 1 312013,3 427 N Central Park $154,102 2 272013,3 4442 North Beacon, Unit #3 $154,274 1 462013,3 464 E 42nd Street $15,000 1 32013,3 4744 S. LaPorte St. $15,000 1 232013,3 4840 W. Henderson St., #3A $15,000 1 382013,3 4843 South Calumet $28,075 1 32013,3 4846 N. Clark St., Unite 207N $15,000 1 462013,3 4846 North Clark, 411N $15,000 1 462013,3 4853 S. Bishop $15,000 1 202013,3 5156 Winnemac Ave $15,000 1 452013,3 5231 South Newland Ave $15,000 1 232013,3 5250 S. Hamlin Ave $15,000 1 232013,3 5258 West Monroe Street $186,540 1 292013,3 5334 West Race Ave $12,789 1 372013,3 536 West Altgeld Street $15,000 1 432013,3 5610 South Prairie Ave Unit 3S $68,000 1 202013,3 5735 West Erie $113,000 1 292013,3 6152 S. Kedvale $15,000 1 132013,3 6158 West Melrose Street $15,000 1 362013,3 6221 North Niagara Ave unit 508 $15,000 1 412013,3 6432 South Keating Ave $15,000 1 132013,3 6536 West 60th Street $15,000 1 23

Appendices - 65

Page 80: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Department of Planning and DevelopmentNEIGHBORHOOD LENDING PROGRAM

January 1 - December 31, 2013

Quarter Reported

Property AddressTotal Loan

Amount# of Units

Ward

2013,3 6622 South Campbell $90,200 1 152013,3 6739 South Rockwell $105,150 1 152013,3 7006 S. Winchester Ave. $83,421 1 172013,3 7234 S. Woodlawn Ave. $192,830 1 52013,3 7641 S. Honore St. $10,262 1 172013,3 7739 South Prairie Ave. $165,830 1 62013,3 7955 South Blackstone $15,000 1 82013,3 8035 South Loomis $180,949 1 212013,3 8122 South Bennett $15,000 1 82013,3 8125 S. Blackstone $109,930 1 82013,3 8223 South Spaulding Ave $15,000 1 182013,3 832 West 36th Street, Unit 2 $15,000 1 112013,3 8631 South May $15,000 1 212013,3 9011 South Michigan $15,000 1 62013,3 9023 South Morgan $15,000 1 212013,3 915 East 62nd Street #J $15,000 1 202013,3 9256 South Lowe $147,702 1 212013,3 9601 S. Green $15,000 1 212013,3 9840 Ellis Avenue $15,000 1 82013,3 8038 S. Maryland $12,500 3 82013,3 7622 S. Carpenter $12,500 1 172013,3 7637 S. Emerald $12,500 2 172013,3 6215 S. Champlain $10,950 2 202013,3 8017 S. Maryland $12,500 4 82013,3 7712 S. Carpenter $12,500 2 172013,3 7706 S. Carpenter $12,480 2 172013,4 1215 W. Lunt Unit 1-B $149,500 1 492013,4 1632 N. Troy $5,618 1 262013,4 1945 S. Avers $80,600 1 242013,4 3046 W Warren $199,800 2 22013,4 3347 North Oconto $234,430 1 362013,4 3442 West 13th Place $96,950 1 242013,4 4200 West Haddon $60,557 1 372013,4 4906 West Wrightwood Ave $192,000 1 312013,4 51 West 112th Street $101,800 2 342013,4 5248 W. Drummond Place $171,149 1 312013,4 5341 S. Aberdeen $67,300 1 162013,4 5930 West Race $209,500 1 292013,4 7418 South Sangamon $10,300 1 172013,4 11427 South Artesian $155,700 1 192013,4 3426 West 13th Place $162,160 1 242013,4 7707 S. Cornell $223,100 1 8

Appendices - 66

Page 81: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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ung

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ies

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0$1

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resh

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mun

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ab T

otal

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cago

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ghbo

rhoo

d St

abili

zatio

n Pr

ogra

m A

ctiv

ity

Janu

ary

1 - D

ecem

ber 3

1, 2

013

Not

e: T

he A

cqui

sitio

n am

ount

is c

ount

ed in

the

quar

ter

in w

hich

the

acqu

isiti

on c

lose

s. T

he R

ehab

am

ount

is c

ount

ed in

the

quar

ter

in w

hich

the

prop

erty

is tr

ansf

erre

d to

the

deve

lope

r. W

e ad

just

the

Reha

b lin

e to

ens

ure

that

uni

ts c

ount

ed u

nder

Acq

uisi

tion

are

not d

oubl

e-co

unte

d on

the

Reha

b lin

e.

Appendices - 67

Page 82: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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gram

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ated

: D

ecem

ber

31, 2

013

Appendices - 68

Page 83: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Stre

et A

ddre

ssU

nits

Esti

mat

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31, 2

013

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ities

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ities

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NSP

1

Appendices - 69

Page 84: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Stre

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157

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n St

reet

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burn

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sham

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d 17

Team

4 C

onst

ruci

ton,

LLC

XX

XX

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7706

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p St

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resh

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ard

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ouse

+ A

ssis

tanc

eX

XN

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164

7719

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da S

tree

t2

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,062

.81

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resh

amW

ard

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ew H

omes

by

New

Pis

gah

XX

XX

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165

7719

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p St

reet

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50,3

24.5

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burn

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sham

War

d 17

New

Hom

es b

y N

ew P

isga

hX

XX

XX

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116

677

20 S

Peo

ria S

tree

t1

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707.

72Au

burn

Gre

sham

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d 17

XX

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316

777

21 S

Car

pent

er S

tree

t2

$428

,007

.61

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resh

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am 4

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stru

cito

n, L

LCX

XX

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116

877

28 S

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gela

nd A

venu

e2

$411

,140

.28

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h Sh

ore

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d 8

DM

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vest

men

ts L

LCX

XX

XX

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116

977

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rdee

n St

reet

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d 17

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onst

ruci

ton,

LLC

XX

XX

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117

077

36 S

May

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eet

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171

7736

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mon

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eet

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resh

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ard

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173

7749

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da S

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050.

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sham

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d 17

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174

7801

S A

berd

een

Stre

et1

$307

,546

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rn G

resh

amW

ard

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ew H

omes

by

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gah

XX

XX

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175

7804

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burn

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sham

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d 17

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es b

y N

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117

678

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177

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d 17

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317

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179

7914

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enue

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xel A

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roup

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ham

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318

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quet

te A

venu

e1

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ard

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omm

unity

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ily L

ife C

ente

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218

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5 N

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lov

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ston

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zevi

lle R

enov

atio

ns, L

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kego

n Av

enue

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h Ch

icag

oW

ard

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XX

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218

784

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Man

iste

e Av

enue

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h Ch

icag

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ard

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218

884

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kego

n Av

enue

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h Ch

icag

oW

ard

7X

XX

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218

985

18 S

Mar

quet

te A

venu

e2

$517

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.13

Sout

h Ch

icag

oW

ard

7K.

L.E.

O C

omm

unity

Fam

ily L

ife C

ente

rX

XX

XX

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219

086

22 S

Sag

inaw

Ave

nue

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31.9

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uth

Chic

ago

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d 7

K.L.

E.O

Com

mun

ity F

amily

Life

Cen

ter

XX

XX

XN

SP2

191

8637

S S

agin

aw A

venu

e4

$744

,447

.33

Sout

h Ch

icag

oW

ard

7Br

onze

ville

Ren

ovat

ions

, LLC

XX

XX

NSP

2

192

9100

S B

urle

y Av

enue

NSP

2 D

UPL

ICAT

E AD

DRE

SS F

OR

REH

AB7

$1,2

69,7

46.

Sout

h Ch

icag

oW

ard

10Cl

aret

ian

Asso

ciat

es, I

nc.

XX

XX

NSP

2

Con

trac

t to

Bu

yA

cqui

red

In R

ehab

Dem

o'd

Com

plet

e/Su

bsta

ntia

lly

Com

plet

e or

For

Sal

eSo

ldR

ente

d

Uni

t To

tal C

urre

nt3

2494

3926

312

431

0P

rope

rty

Tota

l Cur

rent

117

1518

3288

21U

nit

Tota

l Cum

ulat

ive

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854

786

3969

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431

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rope

rty

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l Cum

ulat

ive

191

190

153

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21

TOTA

LS

Appendices - 70

Page 85: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Revenu

es Received:

Revenu

es Received & Dep

osite

d  200

3‐20

12         30

,464

,012

.38 

Revenu

es Received and De

posited

 201

3 (as o

f Decem

ber 3

1) 

9,02

9,35

1.20

$        

Total A

fforda

ble Hou

sing

 Opp

ortunity Fun

d Re

venu

es Received:

 $      39

,493

,363

.58 

ALLO

CATION of A

fforda

ble Hou

sing

 Opp

ortunity Fun

ds:

Affordab

le Hou

sing

 Develop

men

t(60%

)23

,696

,018

.15

$    

Chicago Low‐In

come Hou

sing

 Trust Fun

d(40%

)15

,797

,345

.43

$    

   ‐ M

ulti‐year Affo

rdability th

rough Upfront Investmen

t (MAU

I) 7,89

8,67

2.72

$     

   ‐ C

orpu

s7,89

8,67

2.72

$     

Chicago Affordab

le Hou

sing

 Opp

ortunity Fun

d (AHOF)

Fourth Qua

rter Upd

ate

Per the

 Affo

rdable Req

uiremen

ts Ordinance, "Sixty pe

rcen

t of the

 ann

ual 

revenu

es dep

osite

d into th

e fund

 shall be used

 for con

struction or re

habilitation 

of affo

rdable hou

sing".

Per the

 Affo

rdable Req

uiremen

ts  O

rdinance, “Forty pe

rcen

t of the

 ann

ual 

revenu

es dep

osite

d into th

e fund

 shall be contrib

uted

 to th

e Trust F

und of which 

one‐half of th

e forty pe

rcen

t shall be

 restricted solely fo

r the

 purpo

se of d

eposit 

into th

e Trust F

und's c

orpu

s, and

 the remaining

 one

‐half o

f the

 forty pe

rcen

t shall be used

 for the

 Trust Fun

d's A

ffordable Ren

ts fo

r Chicago

 program

, or 

similar successor program

.”   The Trust F

und de

signates its su

ccessor p

rogram

 as 

the Multi‐year Affo

rdability th

rough Upfront Investmen

t (MAU

I).

Appendices - 71

Page 86: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

MULT

I-FAM

ILY

HOUS

ING

PROJ

ECTS

2006

-13

Tota

l #

Units

Tot

al De

velo

pmen

t Co

st

AHO

F

Inve

stm

ent

War

dCo

mm

unity

Are

a

2007

TCB

LORI

NGTO

N AP

TS L

.P.

2211

N. K

edzie

, 26

30-4

4 N. S

pauld

ing54

14,67

1,380

$

390,6

73$

32

nd W

ard

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n Squ

are

2007

HARR

IET

TUBM

AN A

PART

MENT

S57

51-5

9 S. M

ichiga

n28

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,990

$

145,7

41$

20

th W

ard

Was

hingto

n Par

k

2006

PARK

SIDE

NIN

E PH

ASE

I 40

0 W. D

ivisio

n, 50

0 W. D

ivisio

n, 11

00 N

. La

rrabe

e, Cl

evela

nd, C

ambr

idge &

Hud

son

280

22,14

8,425

$

678,2

65$

27

th W

ard

Near

Nor

th

2006

THE

PHOE

NIX

HOUS

E12

51 S

. Saw

yer

325,6

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8$

56

0,693

$

24th

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dNo

rth La

wnda

le

2006

WES

THAV

EN P

ARK

PHAS

E IIB

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et / W

ood S

treet

/ W

olcott

Ave

nue /

Was

hingto

n12

734

,716,2

32$

74

7,622

$

27th

War

dNe

ar W

est S

ide

2007

CLAR

A'S

VILL

AGE

1637

W. 5

9th, 1

901 W

. 59th

, 21

15 W

. 63r

d, 63

55 S

. Woo

d24

15,23

8,209

$

723,8

50$

15

th W

ard

Wes

t Eng

lewoo

d

2005

LEGE

ND S

OUTH

A1

40th

Stre

et / S

tate S

treet

/ F

eder

al St

reet

/ Roo

t Stre

et18

148

,602,8

82$

67

,974

$

3rd W

ard

Gran

d Bou

levar

d

2012

SARA

H'S

CIRC

LE48

36-3

8 N. S

herid

an R

oad

103,9

10,74

7$

1,2

27,79

0$

46th

War

dUp

town

2013

PULL

MAN

WHE

ELW

ORKS

901 E

. 104

th 21

036

,285,6

34$

1,2

67,80

0$

9th W

ard

Pullm

an

2013

VETE

RAN'

S NE

W B

EGIN

NING

S81

32 S

. Rac

ine54

13,78

3,417

$

2,361

,881

$

21

st W

ard

Aubu

rn G

resh

am

DPD

MULT

I-FAM

ILY

1000

199,8

08,23

4$

8,1

72,29

0$

Affo

rdab

le H

ousi

ng O

ppor

tuni

ty F

und

(AH

OF)

Mul

tifa

mily

Hou

sing

Pro

ject

s

Appendices - 72

Page 87: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Dep

artm

ent

of P

lann

ing

and

Dev

elop

men

tA

FFO

RDA

BLE

REQ

UIR

EMEN

TS O

RDIN

AN

CE

(ARO

)U

nits

and

In-L

ieu

Paym

ents

Janu

ary

1 -

Dec

embe

r 31,

2013

Land

Wri

te

Dow

nZo

ning

ch

ange

PDTI

F/O

ther

A

ssis

t.0

-15

%1

6-3

0%

31

-50

%5

1-6

0%

61

-80

%8

1-1

00

%1

01

+%

12/1

7/20

136/

26/2

013

For

Sale

NA

4520

N. B

eaco

n St

reet

4624

NA

$300

,000

11

/22/

2013

Rent

alN

A21

01 W

. Irv

ing

Park

Rd

3214

2N

Ax

211

/14/

2013

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alN

A30

01 N

. Cal

iforn

ia A

ve1

182

NA

x2

9/19

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36/

5/20

13Fo

r Sa

leN

A72

40 W

. Dev

on41

101

NA

x1

8/2/

2013

10/3

/201

2Re

ntal

Base

Six

teen

1600

S. J

effe

rson

2525

3N

Ax

37/

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013

1/13

/200

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r Sa

leN

A13

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righ

twoo

d32

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A$2

00,0

00x

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311

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011

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ster

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are

550

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ebst

er A

ve

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59 N

. Lin

coln

Ave

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x

6/27

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013

Rent

al20

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orth

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2040

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orth

Ave

3216

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ntal

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este

rn A

ve40

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NA

x2

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alN

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9 N

. She

ffiel

d44

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NA

x2

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012

NA

NA

1200

W. M

adis

on27

216

NA

$2,2

00,0

00

x

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2013

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3N

AN

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00-1

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W. A

dam

s

12

0-13

8 S.

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rdee

n2

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A$4

00,0

00

x

4/30

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31/

17/2

013

Rent

alN

A66

04 W

. Div

erse

y36

303

NA

x3

4/26

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310

/31/

2012

Rent

alN

A18

01-1

819

W. A

rgyl

e47

150

15N

Ax

153/

22/2

013

10/3

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2Re

ntal

NA

2400

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6 W

. Cor

tland

115

2N

Ax

22/

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013

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2Fo

r Sa

leM

onta

na R

ow15

12-1

538

W. M

onta

na32

14N

A$2

00,0

00

x

Tota

ls3

4$

4,1

00

,00

03

4

War

d

Dat

e of

Aff

orda

ble

Hou

sing

Cov

enan

t Fi

ling

or P

aym

ent-

in-L

ieu

Dat

e of

City

C

ounc

il A

ppro

val

Type

of

Dev

elop

men

t (R

enta

l or

For

-Sal

e)

Proj

ect N

ame

Proj

ect A

ddre

ss

Aff

orda

ble

Uni

ts b

y In

com

e Le

vel

Tota

l U

nits

Aff

orda

ble

Uni

tsIn

-Lie

u Pa

ymen

t C

olle

cted

Type

& A

mou

nt o

f C

ity A

ssis

tanc

e

Appendices - 73

Page 88: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

Property Address DeveloperPlan Commission

ApprovalType Projected Payment Cash Received

Number of Affordable Units

126 N. Des Plaines / 659 W. Randolph Mesirow Stein Development Services 10/6/2006 units/paymentN/A -- initially built units

rather than payment$555,124.90 5

2 W. Erie, Dana Hotel Dana Hotel, LLC payment $335,400.00 $335,400.00

10 East DelawareTen East Delaware, LLC, the Prime Group, Inc., It's Manager

Jun-06 payment $2,376,420.00 $2,376,420.00

60 E. Monroe Mesa Development 5/1/2005 payment $1,325,303.00 $1,325,303.00111 W. Illinois The Alter Group As of Right payment $922,420.00 $922,420.00

123 S. Green, The Emerald BGreek Town Residential Partners LLC, 4104 N. Harlem, 60634

7/21/2006 payment $285,600.00 $285,600.00

125 S. Green, The Emerald AGreek Town Residential Partners LLC, 4104 N. Harlem, 60634

7/21/2006 payment $224,400.00 $224,400.00

151 N. State Street (MOMO) Smithfield Properties, LLC 7/1/2005 payment $299,000.00 $299,000.00160 E. Illinois Orange Blue RHA As of Right payment $639,828.00 $639,828.00

301-325 W. Ohio (Bowne)Woodlawn Development LLC (Metropolitan Real Estate)

5/19/2005 payment $1,216,860.00 $1,216,860.00

550 N. St. Clair Street Sutherland Pearsall Dev. Corp. As of Right payment $373,180.00 $373,180.00600 N. Fairbanks Ct Schatz Development, 610 N. Fairbanks 7/1/2005 payment $580,880.00 $580,880.00611 S. Wells TR Harrison, LLC As of Right payment $22,734.50 $22,734.50642 S. Clark Smithfield Properties, LLC As of Right payment $225,965.00 $225,965.001001 W. VanBuren Smithfield Properties, LLC 6/1/2005 payment $87,451.81 $87,451.811255 S. State 13th&State LLC 5/1/2005 payment $247,254.00 $247,254.001400-16 S. Michigan 1400 S Michigan LLC 12/1/2005 payment $432,316.80 $432,316.801454-56 S. Michigan Sedgwick Properties Deve. Corp 5/19/2005 payment $322,371.25 $322,371.25

1555 S. Wabash AvenueNine West Realty, 1300 Paulina St., 3rd Fl 60608

As of Right payment $127,144.80 $127,144.80

1720 S. Michigan Avenue 1712THC,LLC by CK2 Development LLC 11/1/2005 payment $915,631.20 $915,631.20

2131 S. Michigan Ave/2138 S IndianaMichigan-Indiana LLC by Chieftain Const.,

11/1/2005 payment $614,451.60 $614,451.60

2100 S. Indiana Avalon Development Group, LLC Sep-06 payment $285,451.00 $285,451.00205-15 W. Washington Jupiter Realty Corporation 3/16/2006 payment $420,305.60 $420,305.60212-232 E. Erie, 217-35 W. Huron (Flair Tower)

Newport Builders, Inc. 12/1/2005 payment $2,250,415.00 $2,250,415.00

161 W. Kinzie Lynd Development Not required payment $1,211,280.00 $1,211,280.00

1-5 W. Walton / 2 W. Delware (Scottish Rite - Walton on the Park )

The Enterprise Companies Not required payment $2,698,385.00 $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 $1,439,416.80 $1,439,416.80

118 E Erie NM Project Company, LLC Not required payment $1,990,686.72 $1,990,686.72501 N Clark55-75 W Grand54-74 W Illinois

Boyce II, LLC 11/19/2009 payment $2,920,843.80 $2,920,843.80

618-630 W. Washington/101-121 N. Des Plaines (the Catalyst )

The Cornerstone Group 70, LLC 12/1/2005 payment $540,630.00 $540,630.00

111 W Wacker 4/11/2007 payment $89,869.68 $89,869.68171 N. Wabash/73 E. Lake Street M&R Development, LLC 8/21/2008 payment $1,482,941.00 $1,482,941.00212-232 W Illinois St., 501-511 N. Franklin St.

JDL Acquisitions, LLC, 908 N. Halsted, Chicago

Aug-08 payment $2,654,166.00 $1,191,822.00

1- 19 E Chestnut Loyola University of Chicago 3/21/2013 payment $220,607.00 $220,607.00Arkadia201-17 S Halsted61-79 W Adams758-78 W Quincy

White Oak Realty Partners 11/27/2012 payment $1,675,132.80 $1,675,132.80

150 N. Jefferson ( Randolph Hote l) Atira Hotels/JHM Hotels payment $474,621.19 $714,892.2051-67 E Van Buren/401-419 S Wabash (Buckingham-Wabash II )

Buckingham/Wabash LLC 6/18/2009 payment $2,026,879.20

1 South Halsted723-741 W. Madison1-41 S Halsted760-778 W Monroe

Mid City Plaza LLC 8/16/2012 payment $2,587,291.80

118 - 128 W Chicago 801- 819 N LaSalle

Smithfield Properties XVI LLC 5/16/2013 payment $714,892.20

407 S Dearborn35-39 W Van Buren

407 Dearborn LLC 7/18/2013 payment $605,556.48

Total $37,863,983.23 $31,262,415.46 5

Property Address DeveloperPlan Commission

ApprovalType Projected Payment Cash Received

Number of Affordable Units

2346-56 S. Wabash Dave Dubin 3/17/2005 units N/A Units 10400 N. Lake Shore Drive (The Spire ) Shelborne North Water Street LP 4/19/2007 payment $5,700,300.00

1327 S. Wabash (Glashaus )Wabash Street, LLC, c/o Piedmont Development, 327 S. Sangamon, 60607

7/5/2006 payment $412,351.00

535 N. St. Clair Sutherland Pearsall Dev. Corp. 6/1/2006 payment $3,595,112.351-15 E. Superior 1 E. Superior, LLC 2/1/2006 payment $940,960.00150 E. Ontario Monaco Development 5/19/2005 payment $3,880,870.40

Total $14,529,593.75

Property Address DeveloperPlan Commission

ApprovalType Projected Payment date canceled

100-106 S Sangamon, 933-943 W Monroe St

Campus Condominiums, LLC payment $243,617 October-06

301-319 S. Sangamon Street / 925 W. Jackson

Heidner Properties August-06 units N/A Units March-10

501-517 W. Huron; 658-678 N. Kingsbury; 500-502 W. Erie (Park Kingsbury)

501 Huron Building Corporation June-06 payment $853,320 August-07

8 East Huron 8 E. Huron Associates November-06 payment $153,162 Apr-08680 N. Rush (F/K/A 65 East Huron) (Canyon Ranch )

Huron-Rush, LLC December-05 payment $1,550,239 June-08

2100 S. Prairie Avenue 2100 S. Prairie, LLC As of Right payment $129,730 August-08251 E. Ohio / 540 N. Fairbanks Fairbanks Development Associates, LLC January-07 $1,042,945 October-082055 S. Praire (Chess Lofts/Aristocrat) Warman Development September-05 payment $576,947.00 January-091712 S. Prairie 1712 S. Prairie LLC 2/1/2006 payment $699,890.00 September-09630 N. McClurg Golub & Company 5/1/2008 payment $7,920,806.40 December-09

Total $13,170,655.60

DENSITY BONUS: CANCELED PROJECTS

DENSITY BONUS REPORT (through December 31, 2013)

DENSITY BONUS: PROJECTS ON HOLD

Appendices - 74

Page 89: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Appendices - 75

Page 90: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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Reference - 1

Page 91: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

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04$1

,105

$1,3

81$1

,656

$815

2$1

66$2

49$3

32$4

98$8

53$9

95$9

99$1

,087

$1,3

26$1

,658

$1,9

88$9

663

$191

$287

$383

$575

$985

$1,1

48$1

,231

$1,2

47$1

,532

$1,9

14$2

,296

$1,2

314

$214

$320

$427

$641

$1,1

00$1

,281

$1,3

71$1

,371

$1,7

09$2

,135

$2,5

61$1

,436

5$2

36$3

53$4

71$7

08$1

,213

$1,4

14$1

,495

$1,4

95$1

,885

$2,3

56$2

,826

$1,6

51

Max

imum

ren

ts w

hen

tena

nts

pay

for

cook

ing

gas

and

othe

r el

ectr

ic (n

ot h

eat):

Num

ber

ofBe

droo

ms

10%

15%

20%

30%

50%

(Low

HO

ME

Rent

Lim

it)60%

Hig

h H

OM

E Re

nt L

imit*

65%

80%

100%

120%

HU

D F

air

Mar

ket

Rent

*

0$9

4$1

59$2

23$3

53$6

28$7

39$7

31$8

08$9

96$1

,255

$1,5

10$6

82

1$9

5$1

64$2

33$3

72$6

68$7

86$8

26$8

61$1

,062

$1,3

38$1

,613

$772

2$1

15$1

98$2

81$4

47$8

02$9

44$9

48$1

,036

$1,2

75$1

,607

$1,9

37$9

15

3$1

32$2

28$3

24$5

16$9

26$1

,089

$1,1

72$1

,188

$1,4

73$1

,855

$2,2

37$1

,172

4$1

43$2

49$3

56$5

70$1

,029

$1,2

10$1

,300

$1,3

00$1

,638

$2,0

64$2

,490

$1,3

65

5$1

57$2

74$3

92$6

29$1

,134

$1,3

35$1

,416

$1,4

16$1

,806

$2,2

77$2

,747

$1,5

72

0$1

01$1

66$2

30$3

60$6

35$7

46$7

38$8

15$1

,003

$1,2

62$1

,517

$689

1$1

01$1

70$2

39$3

78$6

74$7

92$8

32$8

67$1

,068

$1,3

44$1

,619

$778

2$1

21$2

04$2

87$4

53$8

08$9

50$9

54$1

,042

$1,2

81$1

,613

$1,9

43$9

21

3$1

38$2

34$3

30$5

22$9

32$1

,095

$1,1

78$1

,194

$1,4

79$1

,861

$2,2

43$1

,178

4$1

49$2

55$3

62$5

76$1

,035

$1,2

16$1

,306

$1,3

06$1

,644

$2,0

70$2

,496

$1,3

71

5$1

63$2

80$3

98$6

35$1

,140

$1,3

41$1

,422

$1,4

22$1

,812

$2,2

83$2

,753

$1,5

78

CIT

Y O

F C

HIC

AG

O

MA

XIM

UM

AFF

ORD

ABL

E M

ON

THLY

REN

TS 2

013

Single Family Multi-family**

Effe

ctiv

e Ju

ne 1

, 201

3P

age

1 of

4

Reference - 2

Page 92: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

CIT

Y O

F C

HIC

AG

O

MA

XIM

UM

AFF

ORD

ABL

E M

ON

THLY

REN

TS 2

013

Max

imum

ren

ts w

hen

tena

nts

pay

for

elec

tric

hea

t, co

okin

g ga

s, a

nd o

ther

ele

ctric

:

Num

ber

ofBe

droo

ms

10%

15%

20%

30%

50%

(Low

HO

ME

Rent

Lim

it)60%

Hig

h H

OM

E Re

nt L

imit*

65%

80%

100%

120%

HU

D F

air

Mar

ket

Rent

*

0$4

9$1

14$1

78$3

08$5

83$6

94$6

86$7

63$9

51$1

,210

$1,4

65$6

37

1$3

3$1

02$1

71$3

10$6

06$7

24$7

64$7

99$1

,000

$1,2

76$1

,551

$710

2$3

6$1

19$2

02$3

68$7

23$8

65$8

69$9

57$1

,196

$1,5

28$1

,858

$836

3$3

6$1

32$2

28$4

20$8

30$9

93$1

,076

$1,0

92$1

,377

$1,7

59$2

,141

$1,0

76

4$2

1$1

27$2

34$4

48$9

07$1

,088

$1,1

78$1

,178

$1,5

16$1

,942

$2,3

68$1

,243

5$1

8$1

35$2

53$4

90$9

95$1

,196

$1,2

77$1

,277

$1,6

67$2

,138

$2,6

08$1

,433

0$6

0$1

25$1

89$3

19$5

94$7

05$6

97$7

74$9

62$1

,221

$1,4

76$6

48

1$4

5$1

14$1

83$3

22$6

18$7

36$7

76$8

11$1

,012

$1,2

88$1

,563

$722

2$4

9$1

32$2

15$3

81$7

36$8

78$8

82$9

70$1

,209

$1,5

41$1

,871

$849

3$5

0$1

46$2

42$4

34$8

44$1

,007

$1,0

90$1

,106

$1,3

91$1

,773

$2,1

55$1

,090

4$3

7$1

43$2

50$4

64$9

23$1

,104

$1,1

94$1

,194

$1,5

32$1

,958

$2,3

84$1

,259

5$3

5$1

52$2

70$5

07$1

,012

$1,2

13$1

,294

$1,2

94$1

,684

$2,1

55$2

,625

$1,4

50

Max

imum

ren

ts w

hen

tena

nts

pay

for

gas

heat

, coo

king

gas

, and

oth

er e

lect

ric:

Num

ber

ofBe

droo

ms

10%

15%

20%

30%

50%

(Low

HO

ME

Rent

Lim

it)60%

Hig

h H

OM

E Re

nt L

imit*

65%

80%

100%

120%

HU

D F

air

Mar

ket

Rent

*

0$5

0$1

15$1

79$3

09$5

84$6

95$6

87$7

64$9

52$1

,211

$1,4

66$6

38

1$4

4$1

13$1

82$3

21$6

17$7

35$7

75$8

10$1

,011

$1,2

87$1

,562

$721

2$5

7$1

40$2

23$3

89$7

44$8

86$8

90$9

78$1

,217

$1,5

49$1

,879

$857

3$6

7$1

63$2

59$4

51$8

61$1

,024

$1,1

07$1

,123

$1,4

08$1

,790

$2,1

72$1

,107

4$6

8$1

74$2

81$4

95$9

54$1

,135

$1,2

25$1

,225

$1,5

63$1

,989

$2,4

15$1

,290

5$7

6$1

93$3

11$5

48$1

,053

$1,2

54$1

,335

$1,3

35$1

,725

$2,1

96$2

,666

$1,4

91

0$5

8$1

23$1

87$3

17$5

92$7

03$6

95$7

72$9

60$1

,219

$1,4

74$6

46

1$5

2$1

21$1

90$3

29$6

25$7

43$7

83$8

18$1

,019

$1,2

95$1

,570

$729

2$6

5$1

48$2

31$3

97$7

52$8

94$8

98$9

86$1

,225

$1,5

57$1

,887

$865

3$7

6$1

72$2

68$4

60$8

70$1

,033

$1,1

16$1

,132

$1,4

17$1

,799

$2,1

81$1

,116

4$7

8$1

84$2

91$5

05$9

64$1

,145

$1,2

35$1

,235

$1,5

73$1

,999

$2,4

25$1

,300

5$8

5$2

02$3

20$5

57$1

,062

$1,2

63$1

,344

$1,3

44$1

,734

$2,2

05$2

,675

$1,5

00

Single Family Multi-family** Single Family Multi-family**

Effe

ctiv

e Ju

ne 1

, 201

3P

age

2 of

4

Reference - 3

Page 93: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

CIT

Y O

F C

HIC

AG

O

MA

XIM

UM

AFF

ORD

ABL

E M

ON

THLY

REN

TS 2

013

Max

imum

ren

ts w

hen

tena

nts

pay

for

elec

tric

coo

king

and

oth

er e

lect

ric (n

ot h

eat):

Num

ber

ofBe

droo

ms

10%

15%

20%

30%

50%

(Low

HO

ME

Rent

Lim

it)60%

Hig

h H

OM

E Re

nt L

imit*

65%

80%

100%

120%

HU

D F

air

Mar

ket

Rent

*

0$9

0$1

55$2

19$3

49$6

24$7

35$7

27$8

04$9

92$1

,251

$1,5

06$6

78

1$8

9$1

58$2

27$3

66$6

62$7

80$8

20$8

55$1

,056

$1,3

32$1

,607

$766

2$1

07$1

90$2

73$4

39$7

94$9

36$9

40$1

,028

$1,2

67$1

,599

$1,9

29$9

07

3$1

23$2

19$3

15$5

07$9

17$1

,080

$1,1

63$1

,179

$1,4

64$1

,846

$2,2

28$1

,163

4$1

31$2

37$3

44$5

58$1

,017

$1,1

98$1

,288

$1,2

88$1

,626

$2,0

52$2

,478

$1,3

53

5$1

43$2

60$3

78$6

15$1

,120

$1,3

21$1

,402

$1,4

02$1

,792

$2,2

63$2

,733

$1,5

58

0$9

7$1

62$2

26$3

56$6

31$7

42$7

34$8

11$9

99$1

,258

$1,5

13$6

85

1$9

5$1

64$2

33$3

72$6

68$7

86$8

26$8

61$1

,062

$1,3

38$1

,613

$772

2$1

13$1

96$2

79$4

45$8

00$9

42$9

46$1

,034

$1,2

73$1

,605

$1,9

35$9

13

3$1

29$2

25$3

21$5

13$9

23$1

,086

$1,1

69$1

,185

$1,4

70$1

,852

$2,2

34$1

,169

4$1

37$2

43$3

50$5

64$1

,023

$1,2

04$1

,294

$1,2

94$1

,632

$2,0

58$2

,484

$1,3

59

5$1

49$2

66$3

84$6

21$1

,126

$1,3

27$1

,408

$1,4

08$1

,798

$2,2

69$2

,739

$1,5

64

Max

imum

ren

ts w

hen

tena

nts

pay

only

for

othe

r el

ectr

ic:

Num

ber

ofBe

droo

ms

10%

15%

20%

30%

50%

(Low

HO

ME

Rent

Lim

it)60%

Hig

h H

OM

E Re

nt L

imit*

65%

80%

100%

120%

HU

D F

air

Mar

ket

Rent

*

0$9

6$1

61$2

25$3

55$6

30$7

41$7

33$8

10$9

98$1

,257

$1,5

12$6

84

1$9

8$1

67$2

36$3

75$6

71$7

89$8

29$8

64$1

,065

$1,3

41$1

,616

$775

2$1

19$2

02$2

85$4

51$8

06$9

48$9

52$1

,040

$1,2

79$1

,611

$1,9

41$9

19

3$1

37$2

33$3

29$5

21$9

31$1

,094

$1,1

77$1

,193

$1,4

78$1

,860

$2,2

42$1

,177

4$1

49$2

55$3

62$5

76$1

,035

$1,2

16$1

,306

$1,3

06$1

,644

$2,0

70$2

,496

$1,3

71

5$1

64$2

81$3

99$6

36$1

,141

$1,3

42$1

,423

$1,4

23$1

,813

$2,2

84$2

,754

$1,5

79

0$1

03$1

68$2

32$3

62$6

37$7

48$7

40$8

17$1

,005

$1,2

64$1

,519

$691

1$1

04$1

73$2

42$3

81$6

77$7

95$8

35$8

70$1

,071

$1,3

47$1

,622

$781

2$1

25$2

08$2

91$4

57$8

12$9

54$9

58$1

,046

$1,2

85$1

,617

$1,9

47$9

25

3$1

43$2

39$3

35$5

27$9

37$1

,100

$1,1

83$1

,199

$1,4

84$1

,866

$2,2

48$1

,183

4$1

55$2

61$3

68$5

82$1

,041

$1,2

22$1

,312

$1,3

12$1

,650

$2,0

76$2

,502

$1,3

775

$170

$287

$405

$642

$1,1

47$1

,348

$1,4

29$1

,429

$1,8

19$2

,290

$2,7

60$1

,585

Multi-family**Single Family Multi-family** Single Family

Effe

ctiv

e Ju

ne 1

, 201

3P

age

3 of

4

Reference - 4

Page 94: 2009-2013 Affordable Housing Plan - Chicago · 2020. 3. 31. · RSP provides annual rental subsidies to owners of qualified buildings or developments in Chicago by reducing rents

CIT

Y O

F C

HIC

AG

O

MA

XIM

UM

AFF

ORD

ABL

E M

ON

THLY

REN

TS 2

013

Num

ber

of

Bedr

oom

s

Coo

king

gas

&

othe

r el

ectr

ic

(not

hea

t)

Elec

tric

hea

t,

cook

ing

gas

&

othe

r el

ectr

ic

Gas

hea

t,

cook

ing

gas

&

othe

r el

ectr

ic

Elec

tric

coo

king

&

oth

er e

lect

ric

(not

hea

t)

Oth

er e

lect

ric

only

(no

t co

okin

g or

hea

t)

0$3

5$8

0$7

9$3

9$3

3

1$4

3$1

05$9

4$4

9$4

0

2$5

1$1

30$1

09$5

9$4

7

3$5

9$1

55$1

24$6

8$5

4

4$7

1$1

93$1

46$8

3$6

5

5$7

9$2

18$1

60$9

3$7

2

0$2

8$6

9$7

1$3

2$2

6

1$3

7$9

3$8

6$4

3$3

4

2$4

5$1

17$1

01$5

3$4

1

3$5

3$1

41$1

15$6

2$4

8

4$6

5$1

77$1

36$7

7$5

9

5$7

3$2

01$1

51$8

7$6

6

** S

emi-d

etac

hed,

row

hou

se, d

uple

x, to

wnh

ouse

, ele

vato

r/hig

h-ris

e ap

artm

ents

, gar

den/

wal

k-up

apa

rtmen

ts

Util

ity a

llow

ance

s pe

r C

HA

sch

edul

e fo

r:

Single Family Multi-family**

NO

TE:

Gro

ss r

ent l

imits

for

50%

and

65%

AM

I, th

e H

igh

HO

ME

Rent

, and

the

Fair

Mar

ket R

ent a

re p

ublis

hed

by H

UD

. A

ll ot

her

rent

lim

its a

re c

alcu

late

d as

sum

ing

1.5

occu

pant

s pe

r be

droo

m a

nd 1

occ

upan

t for

an

apar

tmen

t with

no

bedr

oom

s.*

For

HO

ME-

fund

ed d

evel

opm

ents

, ren

ts a

re th

e "le

sser

of"

the

Fair

Mar

ket R

ent f

or th

e un

it si

ze o

r th

e H

igh

HO

ME

Rent

for

the

unit

size

. In

HO

ME-

fund

ed d

evel

opm

ents

with

5 o

r m

ore

units

, 20%

of t

he H

OM

E-as

sist

ed u

nits

mus

t be

occu

pied

by

very

-low

inco

me

fam

ilies

who

se r

ents

do

not e

xcee

d 30

% o

f the

ann

ual i

ncom

e of

a fa

mily

who

se in

com

e eq

uals

50%

of t

he a

rea

med

ian.

Thi

s is

kno

wn

as th

e "L

ow H

OM

E Re

nt."

Effe

ctiv

e Ju

ne 1

, 201

3P

age

4 of

4

Reference - 5