UPCOMING EVENTS & NEW PROPERTIES
CCLBA Bi-Weekly Update | August 29, 2016
As summer winds down, the CCLBA would like to highlight a number of upcoming events and programs scheduled in the coming months. The Land Bank also has a number of properties that have been added to our inventory, which we always encourage prospective buyers to peruse.
To view a complete list of our entire inventory, please click here for an excel spreadsheet. As always, for more information please visit our website for additional CCLBA news.
COOK COUNTY HOME BUYER ASSISTANCE PROGRAM
Cook County Bureau of Economic Development &
Department of Planning & Economic Development
Sponsored by the Cook County Bureau of Economic Development, the Home Buyer Assistance Program was launched in August 8th, 2016. The purpose of the program is to provide down payment and closing costs assistance for qualified borrowers within Cook County. For more information, please contact the Cook County Bureau of Economic Development.
SAVE THE DATE: SOUTH SHORE COMMUNITY MEETING
September 14th, 2016 | 1750 E 71st St.
6:00 PM - 8:00 PM | South Shore Neighborhood
Executive Director Rob Rose will be presenting at a community meeting in South Shore on September 14th. For more information, please contact Tonya Trice's office at (773) 503.8491.
CCLBA LAND TRANSACTIONS COMMITTEE - MONTHLY MEETING
September 9th, 2016 | 118 N. Clark St.
10:00 AM - 11:00 AM| 4th Floor, Conference Room A-B
The Cook County Land Bank Land Transactions Committee convene on a monthly basis to discuss all Land Bank acquisitions & dispositions. A complete agenda as well as confirmation of the meeting time will be made public 2 days before the date of the meeting, and can be found here.
GENERAL REHAB GUIDELINES
The following includes important guidelines and procedures that the CCLBA would like every prospective homeowner and developer to know who wishes to do business with the Land Bank.
- Properties must be professionally redeveloped within 12 months of sale in accordance with local municipal building codes and procedures. Rehab process will be supported with periodic monitoring in order to ensure compliance. Quality of craftsmanship will will impact future transactions.
- CCLBA places a soft mortgage on the property to prevent selling without redevelopment. This mortgage will be released prior to the sale to homeowner provided the rehab has been completed.
- CCLBA does not provide financing for the purchase or rehab; however, CCLBA can make a referral to resources that will provide technical assistance & financing.
A one-page pamphlet can be found here, and we encourage everyone to visit our website or call us at (312) 603.8015 for more information on how to engage with the Land Bank.