Chicago Partners for the American Dream wants to create 5,000 housing units over the next five years in focused development areas in the City of Chicago. Creating a suitable living environment for citizens means bringing people together to realize a vision. Participants cooperating in the Chicago Partners include local government, lending institutions, real estate professionals, community-based organizations, and other public and private entities.
Partners bring their resources to the table.
They acq uire land, create community plans, hold community meetings, secure financing, and provide housing counseling. They work with housing developers to hasten the complex process of planning and building residential communities. One advantage is that the devel oper can rely on existing relationships and established procedures. With the partners preparing the way, the developers can move forward with the actual development. Chicago Partners is truly a grassroots, collaborative effort.