The Chicago Community Development Corporation (CCDC) is an Illinois corporation organized for the purpose of acquisition, development, rehabilitation and preservation of existing multifamily affordable housing. CCDC was founded, in part, with the goal of developing resident and community based strategies for preservation of the existing inventory of HUD subsidized multifamily housing developments in the Chicago area. Organized in 1988, CCDC is wholly owned by its principals and has established itself as an innovative development company capable of implementing development proposals responsive to community and resident needs, in Chicago and other locations.
CCDC is a general partner for project partnerships which own 2,092 units of affordable housing. Since 1992 CCDC has provided technical assistance to owners, resident groups and not for profit organizations for the preservation of HUD insured multifamily housing resulting in the preservation of 5,000 apartments at risk of loss to the affordable housing stock. CCDC acquired and rehabilitated the first prepayment eligible project in Illinois under Title II of the Housing Act of 1987 (ELIHPA), a 231-unit high rise located in Chicago’s Uptown neighborhood and served as consultant for the first Plan of Action in the country processed and approved by HUD under Title VI of the 1990 Housing Act (LIHPRHA).
Utilizing their extensive knowledge and workings of various HUD, municipal and housing authority programs, CCDC staff have placed the company in a leadership position both in the City of Chicago and on a national basis. CCDC has been a leading advocate for the direction of policies intended to target limited federal and municipal resources to the creative preservation and rehabilitation of existing HUD subsidized multifamily housing in the Chicago area and nationally.