April 17, 2020 NetworkNews
FrJune 12, 2024
News & Updates from the Chicago Rehab Network
UPDATES FROM CRN
Mark Your Calendar: Dates Announced for 2024-2025 Empowerment Series
The 2024-2025 Community Development & Empowerment Series schedule is out now! Classes will be
held on the following days:
Community Building - September 10 + 12, 2024
Finance Skills for Real Estate - October 10 + 17, 2024
Proforma Development - November 7 + 8, 2024
Sources of Development Financing - December 10 + 12, 2024
Single Family Development - January 23 + 24, 2025
Multifamily Development - February 20 + 25, 2025
Project & Construction Management - March 12 + 13, 2025
Property & Asset Management - April 9 + 16, 2025
Registration will be available soon!
Spring Network Meeting Recap
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NEWS & RESOURCES
FHFA Announces Enterprise Reconsideration of Value Policies
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the
Enterprises) published new Reconsideration of Value (ROV) policies after months of collaboration with
FHFA and the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing
Administration. A Reconsideration of Value is a request to an appraiser to re-assess the appraised value
of a property due to potential appraisal reporting deficiencies or inappropriate selection of comparable
properties, or based upon additional information the appraiser should consider. This has been one of the
key recommendations made by the Appraisal Equity Campaign led by CRN and NHS. Find out more
about the new policies.
MEMBER SPOTLIGHT
Pedro Albizu Campos Apartments Ribbon Cutting
Join Hispanic Housing Development Corporation for a ribbon cutting
ceremony celebrating the new Pedro Albizu Campos Apartments on
Paseo Boricua in Humboldt Park. The event will include a tour of the
buildings, located at 1203 North California, and will be held at 11am
on Friday, May 17. RSVP here.
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let us know!
About CRN
For over 45 years, the Chicago Rehab Network has worked to train, coordinate, and empower community-based
organizations developing affordable housing across Chicago and the region. CRN's advocacy has resulted
in policies and resources including the Affordable Requirements Ordinance, the Tax Reactivation Program, the
State of Illinois Housing Trust Fund, and the Illinois Affordable Housing Tax Credit. In addition to advocacy and
training, CRN provides industry-wide thought leadership through regular policy updates, best practice case studies,
and demographic and economic analysis related to housing needs and markets.
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Chicago Rehab Network | 140 S. Dearborn St. Suite 1420 | Chicago, IL 60603 US
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