Department of Planning and Development | October 21, 2019
Department of Planning and Development | October 21, 2019
EQUITY IN INVESTMENT
“The issue here isn’t a lack of government funding. It’s a
lack of multiplying public investment with private
investment. That is something that we will change.”
- Mayor Lightfoot
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EQUITY IN INVESTMENT
Chicago is Inequitable
VERY HIGH INCOME
HIGH INCOME
MIDDLE INCOME
LOW INCOME
VERY LOW INCOME
1970 2017
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VOORHEES INSTITUTE, UNIVERSITY OF ILLINOIS AT CHICAGO
EQUITY IN INVESTMENT
Hyde Park
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EQUITY IN INVESTMENT
Fulton Market
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EQUITY IN INVESTMENT
S Michigan Ave
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EQUITY IN INVESTMENT
47th St and AshlandAve
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EQUITY IN INVESTMENT
W Ogden Ave
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OBJECTIVES
AMPLIFY LOCAL ASSETS
FOCUS PUBLIC INVESTMENTS TO SUPPORT
LOCAL PRIORITIES
DRIVE PRIVATE INVESTMENT TO BUILD LOCAL
WEALTH
INTEGRATE NEW STRATEGIES FOR PUBLIC
SAFETY
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LEVERAGE
$250M IN STRATEGIC TIF
AND
NEIGHBORHOOD
OPPORTUNITY
FUND
ALLOCATIONS
Strong local community partners
Existing community plans
Access to transit
Existing neighborhood services and anchors
Concentration of business licenses
FOCUS ON STRENGTHS:
EQUITY IN INVESTMENTAREAS OF GREATEST NEED
CONCENTRATED DISADVANTAGE
(BY CENSUS TRACT)11
EQUITY IN INVESTMENTFOCUS ON 10 NEIGHBORHOODS
Austin
Humboldt Park
North Lawndale
New City
Quad Communities (North Kenwood,
Oakland, Grand Boulevard, Douglas Park)
Englewood
Auburn Gresham
South Shore
South Chicago
Roseland(Pullman & West Pullman)12
POTENTIAL PROGRAM EXPANSION
PRIORITY NEIGHBORHOOD
CONCENTRATED DISADVANTAGE
FUTURE PHASES WILL BE FOCUSED
ON AREAS OF CONCENTRATED
DISADVANTAGE
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AMPLIFYLocal assets
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LOCAL ASSET
Laramie State Bank
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AMPLIFY LOCAL ASSETS
South Shore
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FOCUSPublic Investments to support
LOCAL PRIORITIES
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DRIVEPrivate investment to build
LOCAL WEALTH
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PROPOSED DEVELOPMENTGREATER AUBURN GRESHAM DEVELOPMENT CORPORATION
839 W. 79th St
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PROPOSED DEVELOPMENTGREATER AUBURN GRESHAM DEVELOPMENT CORPORATION
839 W. 79th St
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INTEGRATENew strategies for public safety
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HOMICIDES (10/1/2018-10/1/2019)
AREAS OF CONCENTRATED DISADVANTAGE
“EVEN IN THE MOST CRIME-
PLAGUED, MOST
ECONOMICALLY DISTRESSED
NEIGHBORHOOD, THERE ARE
PEOPLE OF GOODWILL THERE.
THERE ARE GOOD THINGS
THAT ARE HAPPENING.”
-MAYOR LIGHTFOOT
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NEXT STEPS
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SOUTH
CENTRAL
NORTH
WEST
FAR SOUTH
SOUTHWEST
NORTHWEST
CITYWIDE
CITY PLANNERS DEDICATED TO REGIONS
INVEST South|West
COMMUNITY ADVISORY PANELS
INCREASED CORPORATE COMMITMENTS
EQUITY IN INVESTMENTMAINTAIN CITYWIDE FOCUS
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NEXT STEPS
ENGAGE ALDERMEN AND LOCAL COMMUNITY LEADERS
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NEXT STEPS
REINFORCE PRIORITIES FROM EXISTING PLANS
KICKOFF EVENTS IN 10 PRIORITY AREAS
NEXT STEPSTIMELINE FOR IMPLEMENTATION
PLANNING
IMPLEMENTATION
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