One of the Department of Housing's chief responsibilities is to work with private developers to increase the supply of affordable housing in every Chicago neighborhood through a litany of targeted programs.
Affordable Housing Opportunity Fund
The Affordable Housing Opportunity Fund (AHOF) was established by using fees collected from developers through the City’s Affordable Requirements Ordinance, commonly referred to as the ARO.
Affordable Requirements Ordinance (ARO)
The City of Chicago's Affordable Requirements Ordinance (ARO) requires residential developments that receive city financial assistance or involve city-owned land to provide a percentage of units at affordable prices.
Chicago Community Land Trust for Developers
The Chicago Community Land Trust (CCLT) was founded in 2006 to address the increasingly limited supply of funding for affordable housing.
Chicago Neighborhood Rebuild Pilot Program
The Chicago Neighborhood Rebuild Pilot Program is designed to facilitate the acquisition and rehabilitation of vacant single-family homes and two-flats in neighborhoods that need investment and provide employment and training opportunities for local youth.
Chicago Relocation Plan Ordinance
The 2019 Chicago Relocation Plan Ordinance protects senior tenants of affordable housing buildings that are undergoing renovation and rehabilitation.
City Lots for Working Families
The City Lots for Working Families (CL4WF) program provides vacant, City-owned lots to developers of affordable single-family homes and two flats for $1 each.
Community Housing Development Organization (CHDO) Certification Application
A Community Housing Development Organization (CHDO) is private, nonprofit housing development corporation that meets requirements set by the U.S. Department of Housing and Urban Development (HUD).
Illinois Affordable Housing Tax Credits (Donations Tax Credit)
The Illinois Affordable Housing Tax Credit (IAHTC), also known as the Donations Tax Credit, provides a $0.50 state income tax credit for each $1 contributed to a qualified affordable housing project. Donations, which may be cash, securities, or real or personal property, must total at least $10,000 and may be aggregated.
Micro Market Recovery Program
MMRP is an initiative that assists in rebuilding distressed communities by reducing the cost of homeownership, creating communities of choice, and attracting new owners to vacant buildings on targeted neighborhood blocks.
Multi-Family Financial Assistance Applications
The Department of Housing invites housing developers to apply for public funds and other subsidies to build and rehabilitate affordable rental properties in the City of Chicago.
Multi-Family TIF Purchase-Rehab Program
The Multi-Family TIF Purchase-Rehab Program helps private developers purchase and rehabilitate vacant and foreclosed rental buildings within designated Tax Increment Financing (TIF) districts.
Negotiated Sale of City-Owned Land
The Department of Planning and Development (DPD) makes City-owned real estate available for purchase and redevelopment.
Preserving Communities Together (PCT)
The The Preserving Communities Together (PCT) program facilitates the rehabilitation and return to productive use of vacant and abandoned properties.
SRO Preservation Initiative
The City of Chicago, in partnership with other government and community-based organizations, supports preservation efforts of SRO properties through investment and various financing mechanisms that creates and preserves affordability for low and moderate income households.