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Spring is here, and with it comes at a whole new set of homes that are available for purchase! Over 100 homes are currently available; please click here for a spreadsheet of all inventory or visit our website for general information & more CCLBA news.
In addition, we would like to announce a couple of upcoming events as well as highlight some notable rehab policies and procedures that are important for every prospective homeowner and developer wanting to understand how the Land Bank operates.
TINY HOME SUMMIT -
NEW SOLUTIONS FOR YOUTH HOMELESS
April 18-19, 2016 | University of Illinois-Chicago
The two-day event will bring together experts from Chicago and across the U.S. to discuss utilizing lower-cost, quicker solutions to meet housing demand for the underserved in Chicago, especially focused on the youth homeless population, estimated to be more than 20,000 in the city. This event is hosted by Pride Action Tank and the Polk Bros. Foundation, and more information can be found at http://chicagotinyhomes.com.
CCLBA LAND TRANSACTIONS COMMITTEE - MONTHLY MEETING
May 13, 2016
108 N Clark St., 4th Flr., Conference Room 'B' | Chicago, Illinois
The Cook County Land Bank Land Transactions Committee convene on a monthly basis to discuss specific acquisitions & dispositions as well as general ongoing activities. A complete agenda as well as confirmation of the meeting time will be made public 2-3 days before the date of the meeting, and can be found here.
REHAB GUIDELINES
Below are some highlighted bullet points of 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.
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