title
Authorization to complete sale of property in the Pullman Community Area.
end
Development
Address
Community Area
Target
Population
10527 South Corliss Avenue
North Pullman
Affordable Home Buyers
presenter
Presenter: Ann McKenzie, Chief Development Officer
end
Recommendation
The Interim Chief Executive Officer ("CEO") of the Chicago Housing Authority ("CHA") recommends that the CHA Board of Commissioners ("Board") authorize the CEO or her designee to: 1) execute a purchase and sale agreement with Chicago Neighborhood Initiatives ("CNI") for the disposition of 10527 South Corliss Avenue, 2) deed the property to CNI or its designee, and 3) execute and deliver such other documents as may be necessary or appropriate to implement the foregoing.
Property Summary and Estimated Contract
Property/Site
Acreage and Square Feet
Payment to CHA
Land at 10527 South Corliss Avenue
Approximately 2,622 square feet
$15,000
The property, acquired by the CHA in 1983, is a two-story, two-unit rowhouse located in the Pullman community area, within the Pullman Historic District. The rowhouse has been vacant since November 2005 and is currently secured, but uninhabitable. The property shares a "party wall" with an adjacent property that is privately owned. That rowhouse is also vacant and in disrepair.
Diversity Contracting Requirements
N/A
Development Entities
CNI was formed in 2010 to coordinate resources, economic development, and neighborhood revitalization efforts in Chicago's low-to-moderate income neighborhoods. CNI is a nonprofit community and economic development organization that focuses on revitalizing economically distressed neighborhoods in Chicago like Pullman, Bronzeville and Englewood.
Property Profile
Background and Approach
On September 17, 2019, the CHA Board of Commissioners approved the submission of the disposition application to the United States Department of Housing and Urban Development ("HUD") for the sale of the property, as well a...
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