CMHDC Development Services

CMHDC Development Services is a subsidiary of the Chicago Metropolitan Housing Development Corporation (CMHDC), a nonprofit organization that focuses on preserving and creating affordable housing in the Chicago metropolitan area. Established in 2010, CMHDC Development Services specifically targets the suburbs, aiming to address the shortage of affordable rental housing beyond the city limits.

Mission and Activities

The mission of CMHDC Development Services aligns with that of its parent organization: to preserve and create naturally occurring affordable housing. It operates by identifying properties that can be improved or redeveloped to provide quality, affordable housing options for low and moderate-income families in suburban areas.

Portfolio and Impact

As of August 2020, CMHDC Development Services owned 140 apartments in locations such as Cicero, Evanston, Skokie, and Harwood Heights. This portfolio reflects the organization's commitment to expanding affordable housing options in the suburbs, where such opportunities are often limited.

Partnerships and Community Engagement

CMHDC Development Services collaborates with various stakeholders, including local governments and community organizations, to enhance its impact. Notably, it has partnered with Cook County to manage the Neighborhood Stabilization Program, contributing to the stabilization of neighborhoods affected by foreclosures.

Financial and Organizational Development

The entity leverages CMHDC's broader financial capabilities and partnerships to effectively manage and expand its operations in the suburbs. By acquiring and managing properties, CMHDC Development Services supports local economic development and helps maintain a balanced mix of affordable and market-rate housing.

[1] https://www.cmhdc.com/who-we-are-1 [2] https://www.cmhdc.com/what-we-do [3] https://www.cmhdc.com/history [4] https://cmhdc.org [5] https://www.cmhdc.com