Development of mixed-use housing

This program’s goal is to develop mixed-use housing in neighborhoods across the City to ensure a mix of affordable housing choices for low- and moderate-income City residents with incomes generally at ≤80 percent Area Median Income (AMI) while also supporting the development of catalytic social and commercial spaces in historically disinvested communities. CRP funds enabled the City to double the number of new or preserved housing units in 2021 compared to the 2019 multifamily funding round. Projects are being funded in four categories to reflect the different market conditions, needs, and community priorities in different parts of the city:

• Opportunity Areas: high-cost housing markets, targeted as part of the City’s efforts to ensure residents have housing choices in every part of Chicago
• Redevelopment Areas: lower-cost housing markets, in part because of historic disinvestment, and targeted as part of the City’s efforts to spur economic development and investment with policies and programs
• Transitioning Areas: markets facing new affordability pressures, part of the City’s efforts to ensure existing residents have housing choices in communities experiencing growth and new development
• Preservation: locations with existing, long-standing affordable housing funding agreements in place that may benefit from additional resources to remain a sustainable source of affordable housing into the future.