The Department of Planning and Development also manages affordable housing programs in suburban and unincorporated Cook County.
Cook County currently utilizes HOME funds to support the following eligible activities:
Housing Development Loans
Certified Community Housing Development Organization (CHDO) Grants/Loans
A CHDO is a private, nonprofit organization that meets a series of qualifications prescribed in the HOME regulations. Cook County must use a minimum of 15 percent of its annual allocation for housing owned, developed or sponsored by CHDO's Cook County evaluates organizations' qualifications and certifies them as CHDOs. Recertification is required. In accordance with program requirements, all HOME activities must benefit low-income households whose income does not exceed 80% of the area median income (AMI). Annual income restrictions apply to rental housing projects with 5 or more HOME-assisted units. A minimum of 25 percent in eligible non-Federal matching resouces is required per project. Contingent upon project type and amount of HOME assistance, long-term affordability periods and monitor requirements may apply.
Cook County currently utilizes NSP funds to support the following eligible activities noted below. The funds are restricted for use in Suburban and Unincorporated Cook County
In accordance with program requirements, all NSP activites must benefit low and moderate income households whose income does not exceed 120% of the area median income (AMI). In addition, at least 25% of allocated funds must be utilized for the benefit of households whose income does not exceed 50% of the AMI. Contingent upon project type and amount of NSP assistance, long-term affordability periods and mointoring requirements may apply.
To find our our latest news and to learn about economic development in Cook County, please go to our blog.
To find out about affordable housing opportunities and related information, go to our Affordable Housing Website.
Approved November 2012 – This report identifies more about both our community development and affordable housing programs.
For additional information ,please go to the Planning and Development Archive
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