CCLBA Bi-Weekly Update | November 7th, 2016
GO CUBS GO! | TWENTY NEW CCLBA HOMES FOR SALE
What goat? Congratulations to the 2016 Chicago Cubs on breaking their 108-year old drought and winning the World Series! CCLBA staff had to resist throwing their televisions out of the window when the game was tied up in the 8th inning, but overjoyed that the Cubs were able to persevere and finally end the curse!
CCLBA is also excited to announce that there are twenty (20) brand new properties up on our website, 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 LAND TRANSACTIONS - MONTHLY MEETING
November 10, 2016 | 10:00 AM - 11:00 AM
108 N. Clark St., 4th Floor, Conference Room A
The Cook County Land Bank Land Transactions Committee convene on a monthly 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.