Chicago Partnership for Affordable Neighborhoods (CPAN)

The Chicago Partnership for Affordable Neighborhoods (CPAN) is a partnership between the City of Chicago and developers to provide affordable residential units in market rate developments, particularly in appreciating neighborhoods.

Affordable units are provided through a developer write-down.

Eligible homebuyers are first-time buyers (or have not owned a home within the last three years) with incomes up to 100% of the area's median income levels.

Program participants must receive pre-purchase counseling. Pre-purchase counseling will provide information on the obligations and responsibilities associated with owning a home, strategies to establish good credit if necessary, and information on lending institutions and mortgage products.

Participants must:

Receive certificates of completion for both general homebuyer counseling and condo ownership counseling

Meet with a mortgage lender to obtain a mortgage loan approval

Eligible buyers may also qualify for TaxSmart Mortgage Credit Certificate (MCC)

For more information, contact:

Marcia Baxter
Chicago Department of Housing Economic Development
312.744.0696