1 / 4

Property Rental Assistance 2012

Property Rental Assistance 2012. Expand affordable housing opportunities throughout Chicago (see map on handout) Provide owners with reliable & straight forward rental income Provide housing options for: Working Families Seniors Supportive Housing for specific populations including:

elon
Download Presentation

Property Rental Assistance 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Property Rental Assistance 2012

  2. Expand affordable housing opportunities throughout Chicago (see map on handout) Provide owners with reliable & straight forward rental income Provide housing options for: Working Families Seniors Supportive Housing for specific populations including: Family Supportive Senior (Assisted / Supportive) Intergenerational / Grand- Families Individual Veterans Program Objectives

  3. All types of units accepted; but 8 unit minimum Up to 40% subsidy for multi-unit family buildings Up to 50% subsidy for multi-unit senior buildings Up to 100% subsidy for supportive housing Contracts up to 30 years but no less than 5 Rent Determination: CHA determines the contract rent by accepting the lowest of the following amounts: 300% of the current published Fair Market Rent (FMR) for the applicable bedroom size Average market comparables Owner requested amount Program Parameters

  4. Application Process: Available at www.thecha.org/pra 30-45 days processing time Subject to Evaluation Committee and Board approval Properties Scored on the following: Property description, unit mix, type and size (25 pts) Neighborhood characteristics(25 pts) Owner Experience (20 pts) Manager Experience (20 pts) Rent Schedule Request (10 pts) Application Process

More Related