Acquisition and Rehab
CPAH'S employs the community land trust model of affordable house in order to create housing opportunities that will remain affordable forever.
CPAH acquires existing properties, conducts necessary rehabilitation work in a responsible, environmentally friendly manner, and then sells the homes only to qualified low- and moderate-income households at an affordable price. CPAH retains ownership of the underlying land and leases the land to the homeowner for a nominal fee (currently $25 per month). The purchase price for the homebuyer is typically 20% - 65% below the market value because, in essence, the homebuyer needs to buy only the home, not the land. If the homebuyer later wants to sell their home, it is sold to another low or moderate income-qualified buyer or back to CPAH at a formula price designed to give the homeowner a fair share of appreciation, while still keeping the home affordable for the next buyer.
How do I find out how to apply?
CPAH holds regular orientations sessions throughout the year for potential applicants. Orientation sessions provide a detailed overview of CPAH's programs, the resale formula and provide a comparison of traditional homeownership vs. CPAH homeownership. If the applicant is eligible for the program, CPAH works with homebuyers to identify a suitable home and secure a responsible mortgage. To sign up for an information session please contact CPAH.
CPAH also develops rental units for low income households. Typically rentals are available for those at 60% or below area median income, though there are some CPAH rental units for those with income at 80% or below area median income. Please see the Get Housing section to learn more and access the link to our rental pre-application.
In addition to developing affordable housing opportunities, CPAH provides ongoing support and advocacy to help homebuyers and renters secure long-term housing stability. Residents are invited to participate in seminars about, for example, home maintenance and topics related to financial management, to attend an annual resident/Board picnic and to march with the fellow CPAH residents and Boards in an annual July 4th parade. CPAH also has programs to help residents succeed including a microloan fund and a matching account program with a local bank, both for critical home repairs.
ADMINISTRATION OF INCLUSIONARY ZONING ORDINANCES
The City of Highland Park and Evanston adopted inclusionary zoning ordinances that requires developers to set aside a portion of new units as affordable housing if they are constructing a development of five or more units. CPAH administers these inclusionary zoning programs on behalf of the City of Highland Park and the City of Evanston. Activities include marketing the program and homes, educating prospective buyers and renters, eligibility determination, managing the waiting list, lender coordination, sales administration, ongoing resident services, and re-sales. Like the community land trust model, the inclusionary zoning ordinance uses a deed restriction to ensure the housing remains affordable in perpetuity.
CPAH also provides consulting services related to the development, rehabilitation and administration of affordable housing.