CCLBA Bi-Weekly Update | September 20th, 2016
SEPTEMBER UPDATE | UPCOMING FALL EVENTS & PROPERTIES FOR SALE
Even with summer winding down, there are a number of hot upcoming events this fall that the Land Bank is excited to be involved and attend! Additionally, we have a number of brand new homes that have been placed on our website looking for home buyers! 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 - QUARTERLY MEETING
September 22, 2016 | Metropolitan Planning Council
10:00 AM - 12:00 PM | 140 S Dearborn St., 14th Floor
The Cook County Land Bank Board of Directors 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.
HOMEBUYER REHAB WORKSHOP
October 8, 2016 | 8:30 AM - 12:30 PM
U.S. Bank | 1000 E. 111th St., 4th Flr
US Bank and the Cook County Land Bank are partnering to host a homebuyer rehab workshop on the morning of October 8th. This free workshop is targeting prospective homebuyers and will demonstrate how to utilize rehab financing to turn your property into your dream home. More information and registration can be found on the front page of our website starting September 22nd. Please consult the flyer here for more information.
PROSPECTIVE REHAB & DEVELOPER INFO SESSIONS
October 1, 2016 | Columbus Park Refectory
October 15, 2016 | Captain's Hard Time Dining
The Cook County Land Bank is looking for qualified for-profit and not-for-profit developers with demonstrated experience in rehabbing residential homes in Cook County, including preferably distressed homes requiring substantial rehab. CCLBA will be hosting two information sessions for developers looking to do business with the Land Bank. The first session will be held on October 1st 2016 and held at the Columbus Park Refectory (5701 W Jackson Blvd) at 10AM - 12PM. The second event will be held at Captain's Hard Time Dining (436 E. 79th St.), also from 10AM - 12PM. Registration and more information regarding the event will be available on the front page of our website starting Thursday, September 22nd, and a flyer of general rehab guidelines can be found here. Hope to see you there!
4TH ANNUAL REMARKABLE WOMEN'S CONFERENCE
September 23 - 24 | Friday 6-9 PM; Saturday 2-6 PM
The CCLBA is excited to be a vendor for the 4th Annual Remarkable Women's Conference. This event is dedicated to helping women advance their careers, providing supportive services for entrepreneurs, and helping to contribute the overall quality of life for mothers and their daughters. Please visit their website for more information and to register; make sure to stop by and say hello!
MAKE IT HAPPEN: FACILITATING REINVESTMENT IN WEAK MARKET COMMUNITIES
September 29, 2016 | 3:45 PM - 5:00 PM
APA-IL State Conference | Feinberg Theater
Executive Director Rob Rose will be part of a panel at the American Planning Association-Illinois Chapter's annual conference this year. This session will provide an overview of development trends in the Chicago region and utilize numerous case studies to identify strategies for minimizing barriers to investment and facilitating development in established communities. Click here to find more information about the event and to register for the conference.
RECLAIMING VACANT PROPERTIES CONFERENCE | BALTIMORE, MD
September 28 - 30, 2016 | Hilton Baltimore
Center for Community Progress | Baltimore, MD
The Cook County Land Bank operations team is excited to be attending the Vacant Properties Conference held this year in Baltimore, MD! The national conference, which is hosted by Center for Community Progress and conducted every 16 months, will explore strategies to strengthen neighborhoods that are being left behind in the housing recovery and serve residents who continue to face the impacts of vacancy, abandonment, and disinvestment. If interested, please check out their website located here to register for the event.
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.