Celebrating Our Progress: Community Investment Corporation and The Preservation Compact Enter Second Round of the Housing Affordability Breakthrough Challenge
We are thrilled to announce that Community Investment Corporation (CIC) and The Preservation Compact (the Compact) have advanced to the second round of Enterprise‘s national Housing Affordability Breakthrough Challenge! This progression underscores the recognition and potential impact of our innovative proposal, the Small Developer Advantage.
Our proposal focuses on the critical issue of housing affordability in Chicago’s low- and moderate-income […]
Read moreEvent – From Policy to Practice: ADUs in the Chicago Region
On March 21, 2023 the Preservation Compact, Chicago Cityscape, CMAP, and Sightline Planning and Zoning partnered to present a lively, interactive morning of:
Panels featuring experts on equitable ADU policy, design & construction, and […]
Read moreStrategies for Preserving Chicago’s Small NOAH Buildings: Supporting Owners
This is the first in a series of blog posts exploring policies and programs to preserve small naturally occurring affordable (or “NOAH”) properties in Chicago.
How do we support current owners of 2-4 unit buildings?
It can be challenging to own and manage a small rental building. Property owners—both owner-occupants and small non-resident owners—may need extra support to do it well. Supporting existing owners can help […]
Read moreAffordable Housing Special Assessment Program Applications due 3/31
Last week, The Preservation Compact and Community Investment Corporation hosted a webinar on the new Cook County Affordable Housing Special Assessment Program (AHSAP.) More than 100 property owners joined to learn about the benefits and application process.
Webinar presenters included Jerry Brown of Siegel & Callahan P.C. and Christina Lynch, Brian Sibila, and Vincent Waller from the
Read morePreserving 2-Flats in High Cost Areas
Last week, drawing from her experience participating in the Chicago Flats Initiative, Emily Bloom-Carlin, Senior Program Officer at The Preservation Compact, presented at a meeting organized by Alderman Matt Martin on strategies for preserving naturally occurring affordable housing (NOAH.)
In the 47th Ward, which Alderman Martin represents, a substantial portion […]
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