Transit-oriented development opportunities abound in Chicago’s Southland
Enterprise presented information on the Southland Community Development Loan Fund at a 12/10/15 Housing Collaborative Steering Committee meeting at SSMMA.
The Chicago Southland has enormous economic development potential. Connected to the Chicago Loop, suburban job centers and national transportation systems, Southland has four Metra lines with 33 stations, and nine additional stations are planned on a new line. The area is also well served by an extensive inter-suburban bus network and four expressways. See the Loan Fund target area.
Through transit-oriented development (TOD), residents of Southland communities are poised for improved access to jobs, shorter commutes and lower transportation costs. Vibrant neighborhoods encouraging strolling and shopping will boost the local economy and provide greater health benefits.
The Southland Community Development Loan Fund (Loan Fund) provides resources to investors in Southland’s transit-served areas. The Loan Fund was created by the South Suburban Mayors and Managers Association (SSMMA) (through the support of the U.S. Dept. of Housing and Urban Development), Enterprise and the Chicago Community Loan Fund.
How can the Southland Community Development Loan Fund support local economic development? Read more.
For more information, contact Andrew Geer, Enterprise VP and Market Leader, Chicago, at 312.803.0790.