INTERPRETACION DE LOS GENOGRAMAS
TRIANGULOS EN FAMILIAS CON HIJOS ADOPTIVOS
The Department of Planning and Development (DPD) promotes the comprehensive growth and well-being of the City and its neighborhoods. In addition to its planning functions, the Department oversees the City’s zoning and land use policies, and through its economic development and housing bureaus employs a variety of resources to encourage business and real estate development, as well as a diverse and stable housing stock affordable at all levels throughout the city. DPD works in cooperation with community and business groups, elected officials, delegate agencies and other community stakeholders. DPD’s programs are managed through the Department’s Bureaus of Housing, Economic Development, and Zoning and Land Use.
t The )PVTJOH #VSFBV allocates tax credits, tax- exempt bonds, federal funds, and local funds to build and preserve single- and multi-family homes. Additionally, the Housing Bureau provides financial assistance for residential repairs and modifications; finds new owners and redevelopment resources for troubled buildings; provides counseling, foreclosure-prevention, and mortgage adjustment services to future and current homeowners; and coordinates multiple funding sources for affordable housing projects.
t The &DPOPNJD%FWFMPQNFOU#VSFBV promotes the development of industrial, commercial, and retail projects and small businesses by leveraging private investment and public financing through various initiatives, including Tax Increment Financing revenues, property tax incentives, City-owned land sales, and other measures that create and retain jobs. In addition, the Bureau arranges workforce development and training assistance on behalf of local employers, provides site assistance for new and existing companies, and supervises neighborhood- based economic development agencies.
t The ;POJOHBOE-BOE6TF#VSFBV is responsible for reviewing proposed construction projects for
local buildings and landscapes, community-based agricultural initiatives, and historic preservation. In addition, the Planning and Operations unit within the Commissioner’s Office coordinates capital projects initiated by departments and sister agencies to maximize the value of these investments in communities throughout the city.
2013 Highlights and 2014 Initiatives
Housing – In the past year, DPD assisted in the construction,
development, co-development, conversion, or rehabilitation of the following projects:
t Goldblatt’s Senior Living Center – The rehabilitation
of a former Goldblatt’s department store into a 101- unit supportive living facility for seniors is being made possible by DPD through up to $18 million in bonds, $1 million in loans and $2.9 million in TIF funds.
t Pullman Wheelworks – Mercy Housing Lakefront
and National Housing Trust Enterprise Preservation Corp. are completing $30 million in improvements to the 210-unit building through $1.5 million in City loans.
t Shops & Lofts at 47th – The $45.6 million project
includes a new five-story, 72-unit building with 55,000 square feet of retail space; two new six-flats; a new nine-flat; and a rehabilitated three-flat; along with parking for residents and visitors. The City’s investment includes nearly $13 million in TIF funding. Assistance for the residential component includes a $550,000 HOME loan, a $7.8 million loan from the CHA, $663,000 in donations tax credit equity, $8.4 million in low-income housing tax credit equity and up to $20 million in tax- exempt bonds.
t Town Hall LGBTQ Center – Former Town Hall
Police Station in Lake View will be rehabilitated as part of a 79-unit apartment complex for gay, lesbian, bisexual, and transgender seniors. The City will invest $1.5 million in donations tax credits.
t Park Place Family - Construction of 70 affordable
units for families.
Economic Development
t A. Finkl & Sons Co. - The re-opening of the former
Verson Steel plant by A. Finkl & Sons through $22.5 million in TIF assistance will enable the 134-year-old company to more than quadruple its production of specialty steel alloys. The $161 million project encompasses more than 44 acres, including newly acquired easements that enable upgraded electricity delivery for forging operations. Finkl will maintain 300 jobs in Chicago and add up to 150 more jobs through the project.
t Vienna Beef Ltd. - The project relocates Vienna
Beef from the North Side to a facility at 1000 W. Pershing Road. The $7.2 million project involves 250 jobs.
t Method Products – Method Products intends to
build a manufacturing facility in Pullman with $10 million in TIF funding. The project would be first new manufacturing complex in Pullman in decades.
t Whole Foods - The 18,000 square-foot store will
bring an estimated 100 jobs to the intersection of South Halsted and West 63rd Streets and provide convenient access to fresh, healthy, natural, and organic food for residents of Englewood and South Side neighborhoods. Slated to open in 2016, the store is part of a 13-acre project that will include discounted City land and TIF assistance.
Green Spaces and Farms
t Part of a long-term strategy to expand productive landscapes throughout the city, the Perry Street Farm and the Honore Street Farm were commenced during the past two years. Produce from the Perry Street Farm, planted on 1.5 acres of City-owned land at 5700 block of South Perry Street, will be sold at local farmers’ markets and other venues. The Honore Street Farm, owned by the land trust Neighbor Space, was made possible through the sale of 10 parcels of City-owned land for one dollar. The farm will produce organic fruits and vegetables that will be sold on site and at farmers’ markets by Growing Home, an organic farming business that provides transitional job training to homeless and low-income individuals.