Expanding Quality Rental Housing in Northeastern Illinois
The demand for quality, mixed-income rental housing located near jobs and transit for households earning less than 80 percent of area median income (AMI) in northeastern Illinois continues to be documented by the U.S. Census and other sources, including the Illinois 2012 Comprehensive Housing Plan. In an innovative effort to support mixed-income housing that meets the Metropolitan Mayors Caucus' Housing Endorsement Criteria and advances the caucus' Housing and Community Development work, MPC and partners formed the Regional Housing Initiative (RHI), to provide financial incentives (via operating subsidies) to developers and owners of quality rental housing. To date, RHI partners have awarded operating subsidies to more than 360 apartments in 23 viable developments. As a result, more than 900 new or rehabbed housing options, largely in mixed-income communities, are already up and running while more than 1,600 apartments are in the final stages of financing or rehab. RHI includes eight regional housing authorities (Chicago, Cook, DuPage, Joliet, Lake, McHenry, Oak Park and Waukegan), the Illinois Housing Development Authority, and MPC.
Articles
- Project-based subsidies available for rental property developers, owners through Regional Housing Initiative
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- To address metropolitan Chicago’s growing demand for quality, rental homes in attractive locations, developers and owners of rental housing near transit and jobs in Cook, DuPage, Lake, McHenry, and Will counties are encouraged to participate in the Regional Housing Initiative (RHI). Through…
- MPC by the Numbers: 2012 Edition
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- What a year 2012 has been! Just as news outlets look back at the year in headlines, here at MPC we think there's value in taking a moment to reflect on the milestones we've reached over the past 12 months. MPC by the Numbers is a numeric snapshot of these accomplishments, drawn primarily from data…
- South Cook County (Chicago included)
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- Wentworth Commons, Chicago
Wentworth Commons, located in Chicago’s Roseland neighborhood, is a beautiful, 51-unit supportive housing development dedicated to assisting individuals and households who are formerly homeless and at-risk of homelessness. The development is renowned for its…
- North Cook County (Chicago included)
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- Emerson Square, Evanston
Emerson Square is a beautiful, newly constructed development located just a few blocks from the CTA Purple Line Foster station at 1600 Foster St., adjacent to downtown Evanston. The 40-unit development will consist of one-, two-, and three-bedroom apartments that can…
- McHenry County
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- Woodstock Commons, Woodstock
Woodstock Commons, located in McHenry County, is a beautiful new development with one-, two-, and three-bedroom apartments, a heated pool, tennis courts, and a business center. The neighborhood contains local shopping, entertainment, and employment opportunities…
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Multimedia
2012 Plan for Prosperity: Innovative Solutions for the New Normal-
- Publication
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- Jan 12, 2012
- To read MPC's 2012 Plan for Prosperity, download the file. The following is MPC President MarySue Barrett's introductory letter.
Sometimes, things aren’t what they seem. For decades, the United States enjoyed what appeared to be boundless economic expansion. Consumers spent and borrowed…
2010 Census: African-Americans leaving city for suburbs-
- Daunting is the fact that 200,000 Chicago residents left the city since the 2000 Census. Even more concerning is that nearly 89 percent of them were African-American. This loss in the city was accompanied by strong African-American growth in the suburbs, particularly in the far south and…
Beyond the Neighborhood Stabilization Program: How Foreclosure Recovery Can Foster Sustainable Communities-
- Listen to this recording of MPC's Feb. 15, 2011, roundtable, “Beyond the Neighborhood Stabilization Program: How Foreclosure Recovery Can Foster Sustainable Communities." The roundtable featured a panel discussion between Antonio Riley, the newly appointed midwest regional administrator for…
- Maintaining Rental Housing as a Community Asset Multifamily Rental Property Resource Guide
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- Publication
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- Nov 30, 2010
- The Multifamily Resource Guide – produced by municipal leaders, Preservation Compact, Chicagoland Apartment Association, and partners including MPC offers a list of public and private sector resources including: energy assistance, financing, preservation, tenant relations, and more to assist…
- Back to the Drawing Board? Revisiting local housing strategies during the market meltdown
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- Following the dramatic downturn in the housing market, local advocates and policymakers gathered to re-assess the primary housing policy initiatives they relied upon for many years. Suburban workforce housing, the Chicago Housing Authority Plan for Transformation, and employer-assisted housing were…
More related multimedia »
Collaborators
Partners
Brick Partners
Chicago Housing Authority
DuPage Housing Authority
Joliet Housing Authority
Housing Authority of Cook County
Illinois Housing Development Authority
Lake County Housing Authority
McHenry County Housing Authority Oak Park Housing Authority
U.S. Dept. of Housing and Urban Development
Waukegan Housing Authority
Funders
Bowman C. Lingle Trust
The F.B. Heron Foundation
JPMorgan Chase
The Northern Trust Company