HUD’s Green and Resilient Retrofit Program (GRRP) Updates
HUD’s Green and Resilient Retrofit Program (GRRP) provides once-in-a-lifetime funding to invest in energy efficiency and climate resiliency retrofits in HUD-assisted Multifamily housing, improving the quality of the units for tenants and reducing utility costs for owners.
Last month, HUD published changes to offer more flexibility and clarity for applicants, including increasing disbursement amount during the project construction period for all programs, providing clarity on […]
Read moreThe Preservation Compact Welcomes Maggie Cassidy!
I am honored to assume the role of Preservation Compact Director at Community Investment Corporation (CIC), and I am excited to share a bit about my journey and the experiences that have shaped my approach to housing and community development.
I officially began my position in the first week of December, coming to the Compact from the City of Chicago, where I worked with both the […]
Read moreChicago SRO Listings
The City of Chicago has received a Notice of Intent to Sell or Transfer Property in accordance with the Single-Room Occupancy Preservation Ordinance for the properties below:
Building address: 2701 N Clark180-day notice period expires on 07/08/2024Unit Count: 48+ commercial storefrontSeller is actively looking for an affordable buyer.
Interested parties should contact:
dawn.overstreet@svn.com617-817-6466
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Building address: 3919-21 Fullerton Ave*180-day notice period expires on 03/12/2024Unit Count: 67 units and 1 commercial spaceSeller is actively […]
Read moreHUD Launches Free Energy & Water Benchmarking Service
From Assisted Housing Management (December 13, 2023):
The U.S. Department of Housing and Urban Development (HUD) has introduced a free Energy and Water Benchmarking Service for properties participating in its Multifamily project-based rental assistance programs.
The benchmarking service offers owners:
Specific information about a property’s energy and water performance, comparisons of this usage with similar properties, and recommendations for savings;Benchmarking analytics from the ENERGY STAR® […]
Read moreWebinar on Property Tax Incentives for Affordable Housing – Virtual
On Tuesday, October 31st at 9:00a, join Bob Palmer from Housing Action Illinois, along with co-hosts Illinois Housing Council, Illinois Housing Development Authority, Community Investment Corporation, and the Preservation Compact, to learn about how developers of both subsidized and naturally occurring affordable rental housing can take advantage of a new property tax incentive program that […]
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