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Metropolitan Planning Council Since 1934, MPC has been dedicated to shaping a more sustainable and prosperous greater Chicago region. As an independent,

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Presentation on theme: "Metropolitan Planning Council Since 1934, MPC has been dedicated to shaping a more sustainable and prosperous greater Chicago region. As an independent,"— Presentation transcript:

1 Metropolitan Planning Council Since 1934, MPC has been dedicated to shaping a more sustainable and prosperous greater Chicago region. As an independent, nonprofit, nonpartisan organization, MPC serves communities and residents by developing, promoting and implementing solutions for sound regional growth. Equity Sustainability Economic Competitiveness Policy Promotion Policy Implementation Policy Development

2 Q: Why is rental stock down if population and employment are up? A: Traditional supply and demand not working. Affordable housing not located near good jobs, good transit, good schools or other amenities. 2000: Wake-up call

3 Building leadership

4 Building partnerships Working across borders: Municipal County State

5 Rebranding, rethinking Housing shortages are a drain on the local economy. –In Chicago’s northern suburbs, just 13% of housing stock is affordable 69% of local workforce.

6 Building partnerships Engaging employers in housing, transportation, and environmental initiatives

7 Possible Employer Incentives Federal Tax Deduction Income Tax Credit (works for nonprofits, too) through IHDA: 50 cents on the dollar for EAH investments Matching Fund (to double employee benefits) through IHDA: Up to $5,000 match for income-eligible employees Payroll Tax Deduction (for companies exploring relocation or expansion options) through DCEO New CMAP/CR3 Energy Retrofit (a $3,000 match) for new furnace, insulation, or other energy saving measure that an employer helps and employee to do at home New Climate Action Pilot Evaluation (thorough assessment of bottom-line benefits of EAH investments and other “commute trip reduction” strategies)

8 More information is available Chicago Metropolitan Agency for Planning http://www.cmap.illinois.gov/ Bob Dean 312-386-8834 BDean@cmap.illinois.gov Metropolitan Planning Council http://www.metroplanning.org/eah/ Samantha DeKoven 312-863-6021 sdekoven@metroplanning.org


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