The Preservation Compact E-Update



Rich Hanson, longtime ULI Member, Named New Preservation Compact Co-chair

		Rich Hanson, Principal at Mesa Development, LLC, is no stranger to the issue of housing preservation or civic involvement. > more



Preservation Compact Media Coverage No Place Like Home: Predictions for '08 Chicago Sun-Times, January 18, 2008 The Big Question: When Will Prices Level Off? Chicago Sun-Times, January 18, 2008 Cook Could Lose Thousands of Rental Units Chicago Sun-Times, January 18, 2008 Workers Need Affordable Housing Business Week, January 2008 Building a Strategy: Create a Successful Housing Strategy and Tailor it to Your Community HousingPolicy.org, national webchat, January 30, 2008 Erika Poethig was a featured panelist, speaking about The Preservation Compact. Upcoming Meetings + Notices National Association of Affordable Housing Lenders annual conference, Washington, DC Tuesday & Wednesday, February 12 - 13, 2008 Mike Bielawa of the Community Investment Corporation will talk about the Cook County Energy Savers Program (CCES). Mandarin Oriental Hotel 1330 Maryland Ave., SW Washington, DC 20024 For more information> Chicago Rehab Network's annual training series on community development and empowerment Eight, two-day workshops will cover a wide variety of affordable housing topics, and housing preservation strategies are integrated into several of the workshops Thursday, March 13, 2008 For more information>



Preservation Fund

Funds are being assembled for the $50 million Preservation Loan Fund, which will provide bridge financing to acquire and hold at-risk properties while long-term financing is assembled.

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Interagency Council

The Interagency Council has narrowed the original list of 400 Cook County HUD-assisted properties down to 100 properties based on expiration and type of subsidy.

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Data Clearinghouse

The Housing Data Clearinghouse's research team has begun analyzing data to explore changes in neighborhood rental market dynamics.

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Energy Savers Program

As of this month, the Center for Neighborhood Technology (CNT) has completed energy audits on more than 500 units and anticipates completing audits on a total of 1,500 units in 2008.

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Rental Housing Alliance

Effective tenant organizing has contributed to the preservation of Grove Parc.

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Lower Property Taxes

In 2008, the Assessor's Office will be seeking a change in the rehabilitation requirements of the Class 9 Incentive program.

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New Preservation Compact Staff Data Clearinghouse Jin Man Lee comes to the Data Clearinghouse as the research director and Juliana Gonzalez-Crussi is the new Senior Housing Analyst. > more Cook County Assessor's Office Max Eisenburger has been selected as the new Affordable Housing Specialist. > more




The Preservation Compact is led by the Urban Land Institute (ULI) Chicago and funded by The John D. and Catherine T. MacArthur Foundation. Its goal is to preserve 75,000 affordable rental homes in Cook County by 2020. Key organizations involved in the project include the City of Chicago, the Illinois Housing Development Authority (IHDA), the Department of Housing and Urban Development (HUD), Cook County Assessor's Office, Community Investment Corporation (CIC), Local Initiatives Support Corporation/Chicago (LISC/Chicago), Center for Neighborhood Technology, Chicago Rehab Network, Sargent Shriver National Center on Poverty Law, and the Real Estate Center at DePaul University. >more

Rich Hanson, longtime ULI Member, Named New Preservation Compact Co-chair