CCLBA Bi-Weekly Update | August 15, 2016
CCLBA SUMMER SALE: OVER 60 NEW PROPERTY OFFERS!
CCLBA is excited to announce that as part of our August summer sale, we're introducing 7 new properties and adjusting offers for over 50 homes on our website! 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.
CHICAGO ASSOCIATION OF REALTORS - MEMBER OUTREACH & ANNUAL BUSINESS MEETING
August 17, 2016 | 8:30 AM - 11:30 AM
DePaul University | 2250 N. Sheffield Ave. Room 120
The Chicago Association of Realtors is holding its' annual business meeting at the Lincoln Park Student Center located on the campus of DePaul University. Presentations include Major Pitfalls & Risk Aversion, Smart Home technology, and a real estate data software called UPSTREAM. Complete information can be found here, and pre-registration ends August 15th!
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.