CCLBA Bi-Weekly Update | November 21st, 2016
HAPPY THANKSGIVING! | BRAND NEW HOMES FOR SALE
On behalf of the entire Land Bank staff, we would like to wish everybody a very warm and happy Thanksgiving holiday! The CCLBA is very thankful to have such a great family and network dedicated to positively transforming our communities, and we look forward to a very rewarding 2017 as we strive to fulfill our mission. A big thank you to everybody for all of your hard work and dedication!
As part of our increased operations which are slowly but surely ramping up for the next fiscal year, this week's edition is featuring ten (10) new homes, which we encourage everybody to view and make an offer if so interested. To view a complete list of our entire property inventory, please click here for an excel spreadsheet. As always, for more information please visit our website for additional CCLBA news.
CCLBA BOARD OF DIRECTORS ANNUAL MEETING
December 8th, 2016 | 10:00 AM - 12:00 PM
Holland & Knight | 131 S Dearborn St., 30th Floor
The Cook County Land Bank Land Transactions Committee convene on a quarterly basis to discuss general activities, operations, and policies of the Land Bank. 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.