The Preservation Compact E-Update



Preservation Initiative Launches in Lake County
	A new preservation initiative in Lake County, modeled on The Preservation Compact, launched at the beginning of February. > more



IHDA Announces New Financing Program The IHDA Multi-Family Initiative Bonds offer tax-exempt financing with a pre-determined fixed rate of interest for developments financed by bonds that close by December 16, 2010. This new resource provides permanent financing for new construction, acquisition and rehabilitation or adaptive reuse of existing developments. For underwriting and application questions, contact Steve Gladden at 312.836.5351. For program questions contact Nicki Pecori at 312.836.5305 or Bill Smythe at 312.836.5212. Keystone Partner CCLF has New Home Page Chicago Community Loan Fund (CCLF) has a new home page, redesigned for ease of use and more resources than ever. On the new site at www.cclfchicago.org, you can: Register for workshops online Find quick information on topics like financing sources, development consultants, and construction resources Jumpstart the loan process by filling out a loan inquiry form online Learn about the types of financing CCLF provides Find information about good design practices and building sustainably



The Cook County Assessor Studies Multifamily Rental and Foreclosure
New data from the Cook County Assessor's Office shows a dramatic increase in foreclosure filings in Cook County for Class 3 and Class 9 (7+ units) multifamily rental buildings. > more

Preservation Loan Fund is Open for Business
The Cook County Preservation Loan Facility has closed its $30.6 million fund and is officially open for business to support the acquisition and predevelopment of rental housing preservation deals. > more

ULI Chicago hosts Young Leader Preservation Case Study
ULI Chicago Young Leaders kicked off their 2010 programming with a case study on a creative mixed-use preservation project from Mercy Housing Lakefront's Preservation Initiative portfolio. > more

Interagency Council Improves City's HPRP Policy
The Interagency Council spearheaded a critical policy change to the City of Chicago's Homelessness Prevention and Rapid Rehousing program (HPRP). > more

Cook County Energy Savers Program a Top U.S. Retrofit Performer
In just 18 months, Energy Savers has retrofitted 3,500 apartments and other rental units in Chicago and neighboring communities, typically cutting energy consumption by 30 percent. > more




City of Chicago awarded $98 Million in Second Round of NSP Read more> ULI Terwilliger Center Annual Forum Read more> HUD Announces New Rental Assistance Initiative Read more>




The Preservation Compact brings together the region's public, private and nonprofit leaders to address the loss of affordable rental housing stock in Cook County. Guided by the Urban Land Institute (ULI) Chicago with support from The John D. and Catherine T. MacArthur Foundation, Preservation Compact partners include the Center for Neighborhood Technology, Chicago Community Loan Fund, Chicago Department of Community Development, Chicago Rehab Network, Community Investment Corporation (CIC), Cook County Assessor's Office, Illinois Housing Development Authority (IHDA), The Institute for Housing Studies at DePaul University, Local Initiatives Support Corporation/Chicago (LISC/Chicago), Sargent Shriver National Center on Poverty Law, and the U.S. Department of Housing and Urban Development. >more

Chicago.uli.org

Preservation Initiative Launches in Lake County