Land Transaction Committee Cook County Land Bank Authority CCLBA Activities Report Darlene Dugo, Senior Acquisitions Manager

November 10, 2016

Overview

This report covers an update of:

• Core Business Activities

• Community Engagement

• Current Commercial Projects

• Scavenger Sale

• FY2016 Focus

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Core Business Activities

2016 Core Business Activities (December 1, 2015 – October 31, 2016)

Prospects In Progress Completed 2016 Goals % Goal

Acquisition 7,963 172 187 (+7) 275 68%

Disposition 160 40 193 (+12) 150 129%

Demolition 174 11 37 (+2) 50 74%

Rehab 137 151 62 (+8) 50 124%

Cumulative Core Business Outcomes (as of 10/31/16)

Market Capitalization Value Created $3,767,666 $5,000,000 75%

Incremental Tax Benefit n/a $500,000 ---

Cumulative Core Business Activities (as of 10/31/16)

Acquisition 356 Demolition 45

Disposition 230 Rehab 63

Inventory 126 Redeveloped 31

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Acquisitions: Breakdown

FY 2016 ACQUISITION PIPELINE (as of 10/31/16)

IN PROCESS PROSPECTS SOURCE NOTES

32 147 NCST/NSI Neighborhood Community Stabilization Trust/National Stabilization Initiative

12 10 Private Donations

Individual, Corporate

0 2 Bank REO Properties

Bank-owned properties

9 16 City of Chicago - Forfeiture

Demolition, Nuisance Abatement, Troubled Buildings

4 3 Deed-in-Lieu Properties deeded over to Land Bank as an

alternate to forfeiture.

11 0 OTC Tax Sale Tax Delinquent Properties acquired via Cook

County Clerk (2 Acquired)

PROJECTS

81 7,696 Scavenger Sale 2015 Tax Scavenger Sale (35,457 Properties

Offered)

0 19 CNI Community Neighborhood Initiatives (CNI) –

Pullman Revitalization

0 24 Access West Cook

Illinois Facilities Fund (IFF) – Home First Acquisition Strategy

12 26 Riverside Lawn Riverside Lawn Flood Mitigation Buyout Program

(20 Accepted; 8 Closed)

11 20 IHDA BRP IHDA Blight Reduction Program - Rounds One &

Two (30 Acquired; 30 Demolished)

172 7,963 TOTAL 4

Dispositions: Breakdown

FY 2016 DISPOSITION PIPELINE (as of 10/31/16)

IN PROCESS COMPLETED END USER CLASSIFICATION

5 28 (+1) Not-for-Profit (NFP) Organizations

30 146 (+10) Community Developers

0 1 (-) Faith-Based Organizations

5 17 (+1) Homeowners

0 1 (-) Municipality

40 193

5

0

50

100

150

200

250

300

350

400

Acquisitions Dispositions

Acquisitions & Dispositions: Monthly Breakdown

169

213

244 263

37 44 59

108

Trailing Twelve (12) Months

# o

f Acq

uisi

tions

/Dis

posi

tions

Acquisitions & Dispositions | Cumulative Total

75

293 313

120

320

141

324

161 191

341

209

343

6

218

349 356

230

0

200

400

600

800

1000

1200

1400

1600

1800

Applications App - YTD

Applications: Monthly Breakdown

127 145 117 125

854

729

467

612

Number of Applications Received | Cumulative Total

# o

f App

licat

ions

Trailing Twelve (12) Months

997

143

1198

201

81

1279

63

1342 1392

50

1536

144

7

128

1664

118

1782

Community Engagement

October 2016 Meetings

Event/Meeting Description Date Attended

Columbus Park Refectory West Side

Community Based Developer Workshop (100+ Attendees) 10/1/16 R. Rose, N. Cornog, D. Diorio, D. Dugo, C. Harper, M. Saleh, C. Shivers, A. Simmons

24th Ward – Douglas Park Alderman Michael Scott’s Homebuyer Fair (60+ Attendees) 10/1/16 E. Sanders

63rd Street/Cottage Community Meeting with LISC, UofC, City of Chicago, POAH 10/4/16 R. Rose

9th Ward Met with Alderman Beale about possible CCLBA involvement in county land transfer

10/6/16 R. Rose

US Bank 111th Street, Chicago US Bank - Homebuyer Rehab Workshop 10/8/16 D. Diorio, C. Shivers

Mothers Against Senseless Killings (MASK)

Met with community group regarding conveyance of 7500 S. Stewart

10/13/16 R. Rose

CCLF 25th Anniversary Attended celebration at the Stony Island Arts Bank 10/13/16 R.Rose

Captain’s Hard Time Dining South Side

Community Based Developer Workshop (140+ Attendees) 10/15/16 R. Rose, N. Cornog, D. Diorio, C. Harper, E. Sanders

Venue One NHS’ 7th Annual Leadership Awards 10/18/16 D. Dugo

State Donation Tax Credit Testified at the hearing advocating for the renewal of the program with Communities United and CMHDC

10/20/16 R.Rose

US Bank 111th Street, Chicago US Bank Fall Financial Fest 10/22/16 C. Shivers, M. Saleh

Washington Park Charrette Participated in exercise sponsored by CMAP 10/25/16 R.Rose

City Hall - Chicago Troubled Buildings Meeting with City of Chicago and Community Partners

10/26/16 D. Dugo

West Pullman Featured speaker at vacant and abandoned workshop organized by Habitat for Humanity

10/29/16 R. Rose 8

Current Commercial Projects

Current Commercial Projects Status Report

Project Name Address Action Item

Riverside Lawn (Voluntary buyout of homes in flood-prone area)

Various address in unincorporated Cook County

46 offers have been made. 20 offers have been accepted, 12 offers have been declined and waiting for 14 responses to the offer. 8 homes have been purchased to date.

Humboldt Park 3323-3369 W. Grand Ave. Chicago, IL

Joe Chang presented opportunity. Land Transactions Committee approved PSA. Received full board approval in December 2015. Awaiting the Department of Law to pursue case.

Grant Street Warehouses 2715, 2801, 2821 Grant St Bellwood, IL

Recently acquired 3 warehouses totaling 83,000 sf via Deed-In-Lieu transaction. Environmental assessment completed. Great interest, received one offer per property. Negotiating prices.

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Land Bank Agreements

Current Land Bank Agreements Status Report

Project Name Target Area & Timelines Action Item

Chicago Neighborhood Initiatives (CNI)

• North Pullman • Hold Properties for up to 36 Months

• Pursuing 20 Active Forfeiture Cases • Pursuing 1 Deed-in-Lieu of

Foreclosure

IFF • Bellwood, Berwyn, Forest Park, and Maywood

• 2-4- Flats up to 12 Buildings • Vacant Lots up to 12 Sites • Begin Identifying and Acquiring

Properties November 2016 • Hold Properties for up to 36 Months

• IFF reviewing draft of Cook County Land Bank Agreement

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Scavenger Sale – 7,777 total bids

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| Tax Delinquent Parcels

| Total Scavenger Sale Properties (35,670 Total)

(7,777 Total)

| CCLBA Focus Community

Scavenger Sale – 7,777 total bids

County Towns (1,696)

Focus Municipalities Bids Won

Bellwood 49

Chicago Heights 685

Country Club Hills 41

Forest Park 3

Matteson 132

Maywood 245

Melrose Park 5

Olympia Fields 14

Posen 60

Riverdale 326

South Holland 130

Stone Park 6

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Scavenger Sale – 7,777 total bids

City of Chicago (6,081)

Neighborhoods Bids Won Neighborhoods Bids Won

Auburn Gresham 359 Austin 568

Belmont Cragin 7 Brighton Park 4

Chatham 147 Chicago Lawn 154

East Garfield Park 286 Englewood 1,685

Gage Park 25 Grand Boulevard 33

Greater Grand Crossing 487 Hermosa 1

Humboldt Park 323 Morgan Park 89

Pilsen 7 Roseland 373

South Shore 227 Washington Heights 160

Washington Park 48 West Pullman 933

Woodlawn 231

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FY2016 Focus

Complete Staffing Plan to Increase Capacity and Organizational Efficiency Broaden Focus Communities Strategy to Target Industrial, Commercial, and Open space Expand Homebuyer Acquisition/Rehab Program • Direct partnerships with banking partners and housing counseling agencies • West Cook and South Suburban Housing Collaborative

Support Cook County Projects & Initiatives • Bureau of Economic Development

• Planning and Development • Buildings and Zoning

• Cook County Transit Oriented Development & Cargo Oriented Development • Solar Market Pathways • Urban agriculture and reuse of vacant land

Exercise Additional Acquisition Strategies • Scavenger Sale opportunity purchases • Portfolio acquisitions (ex. FHFA, bank REO) • Abandonment/forfeiture cases (City of Chicago, Circuit Court)

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