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Housing

Chicago's Recovery and Reinvestment Program in Housing focuses on creation and preservation of affordable housing, energy efficiency for private homes, and foreclosure prevention and neighborhood stabilization. Opportunities are open to CHA, City departments, private organizations, and individual home owners.

Housing Award Totals

Goals (Housing)

Construct or rehab up to 875 affordable rental housing units and more than 900 CHA units
Retrofit thousands of housing units to make them more energy efficient
Prevent foreclosures by expanding credit counseling and connecting Chicagoans with the new federal Making Home Affordable Loan Modification and Refinancing programs
Mitigate the neighborgood impact of foreclosure by acquiring and redeveloping vacant, foreclosed homes
Acquire and rehabilitate 90 foreclosed condo units and concert them into affordable rental units

News (Housing)

Nov 18, 2009	City Taking Applications for Recovery Zone Facility Bonds
Sep 18, 2009	City of Chicago invites public comment on CDBG-R fund reallocation
Sep 18, 2009	City of Chicago opens Funding Round for Tax Credit Assistance Program
Jul 25, 2009	Harold Ickes press release
Jul 16, 2009	CHA camera initiative press release

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RFPs (Housing)

Foreclosure Counseling Clarification (Application Due Date: Aug 26, 2009)

RFP Foreclosure Counseling Services (Application Due Date: Aug 26, 2009)

RFP Foreclosure Prevention Outreach Events (Application Due Date: Aug 26, 2009)

RFP Troubled Buildings Initiative (Application Due Date: Aug 26, 2009)

TCAP and Section 1602 Application (Application Due Date: Sep 30, 2009)

Grants (Housing)

New Market Tax Credits (Application Due Date: Apr 20, 2009)

Tax Credit Assistance Program (TCAP) (Application Due Date: Jun 3, 2009)

Community Development Block Grant - Recovery (Application Due Date: Jun 5, 2009)

Public Housing Capital Fund - Formula Grant (Application Due Date: Jun 16, 2009)

Public Housing Capital Fund Category 1 - Competitive Grant (Application Due Date: Jun 16, 2009)

Public Housing Capital Fund Category 2 - Competitive Grant (Application Due Date: Jun 16, 2009)

Public Housing Capital Fund Category 3 - Competitive Grant (Application Due Date: Jun 16, 2009)

Energy Efficiency and Conservation Block Grant (Application Due Date: Jun 25, 2009)

Neighborhood Stabilization Program II (Application Due Date: Jul 17, 2009)

Public Housing Capitsl Fund Category 4 - Competitive Grant (Application Due Date: Jul 21, 2009)

Grants Applied for By External Partners

Energy retrofits for HUD assisted Housing

(Chicagoans submitted more applications for a greater total than any other city $18,500,000)

Upcoming Grants (Housing)

Click here for additional grant opportunities that the city of Chicago might be pursuing in the area of Housing

Additional Resources (Housing)

Federal Assistance Available to Chicago Residents:

Residents may apply directly for some federal recovery programs. Eligible applicants include those facing foreclosure, homeowners seeking to refinance their home, first time homebuyers, and homeowners improving energy efficiency in their homes.

Program Description & Eligiblity

Making Home Affordable -- loan modification program

Incentives to reduce mortgage payments
For owner-occupants of 1 to 4-unit properties who are in or at-risk of foreclosure; have a loan originated before January 1, 2009; and have income to support monthly mortgage payments

Making Home Affordable -- refinancing program

Refinancing with 15 or 30 year terms, fixed interest rate, and no pre-payment penalties, even if decreasing home value has made conventional refinancing impossible
For homeowners with Fannie Mae/Freddie Mac mortgages

First-Time Homebuyer Tax Credit

Up to $8,000 in tax credits
For first-time homebuyers who purchased a principal residence between January 1 and December 1, 2009

Home Energy Tax Credits

Up to $1,500 in tax credits to cover 30% of the cost of qualifying improvements
For consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in existing homes between January 1, 2009, and December 31, 2010