ADUs for Multifamily
Webinar Overview: ADUs For Multifamily
On February 16, 2022, The Preservation Compact, Community Investment Corporation, and the City of Chicago Department of Housing hosted a webinar on the City of Chicago’s Additional Dwelling Unit (ADU) ordinance. This ordinance can help property owners add additional units to their buildings and makes it easier to legalize existing non-conforming units.
At this webinar, we discussed:
- the City’s new Additional Dwelling Unit (ADU) ordinance
- the ADU application process, and
- options for financing an ADU project.
Interested in adding a basement unit to your multifamily property or learning more? A recording of the webinar, presenter slides, and other resources are available below.
Resources
Learn more about these programs and other resources:
- The City of Chicago resources:
- City of Chicago ADU program overview and resources
- Information on City building code and zoning considerations for ADUs
- Financing options and other resources for investor-owners:
- Financing options, grants, and other resources for owner-occupants:
- Additional information and resources:
- NHS “Better Basement Unit” manual for 2-4 unit buildings
- Urban Land Institute ADU Initiative
- Chicago Cityscape Accessory Dwelling Units in Chicago
Panelists
Dunni T. Cosey Gay is Director for The Preservation Compact, where she convenes a diverse group of stakeholders to build support for, and to develop and implement, policies and programs related to the preservation of affordable rental housing. Prior to joining the Compact, Dunni served in various roles at the Cook County Bureau of Economic Development, Chicago Cook Workforce Partnership, and the Departments of Housing and Community/Planning and Development at the City of Chicago.
Dunni provided an overview of the importance of Accessory Dwelling Units (ADUs) and served as moderator for the Q&A. Interested in learning more about the Compact? Explore our website to learn about our strategies and resources for preserving affordable rental housing.
Daniel Kay Hertz serves as Director of Policy, Research and Legislative Affairs for the City of Chicago Department of Housing. He has been a key driver of many of the department’s most impactful policies and programs, including the ADU pilot program and the Emergency Rental Assistance Program. Prior to joining DOH in 2019, Daniel served as Research Director at the Center for Tax and Budget Accountability, where he worked on state and local fiscal policy issues, and as Senior Fellow at City Observatory, an urban policy think tank.
Daniel provided an overview of the 2020 ordinance and discussed the City’s ADU program. Interested in starting the ADU application process or learning more? Visit the City’s ADU website.
Kyle Harvey is a Senior Loan Officer at Community Investment Corporation (CIC), a non-profit Community Development Financial Institution. In addition to his work at CIC, Kyle served as a member of the Urban Land Institute Accessory Dwelling Unit Taskforce, which helped guide the development of the City’s ADU policy. Prior to joining CIC in 2016, Kyle was a lender at Builders Bank, Guaranteed Rate, and other financial institutions.
Kyle presented on options for financing an ADU in a multifamily building and shared ADU case studies. Interested in learning more about how to finance your multifamily ADU project? Visit CIC’s website or contact Kyle.