CANDO LINK

Monthly News for Members

                                             January 2001

Editor: Angela Moore                                     www.candochicago.org

To see Ted Wysocki's report on his Sabbatical to the UK click here

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Happy New Year!

Congress Passes the New Markets Community Renewal Act

Representative Danny K. Davis the legislative sponsor of the Community Renewal and New Markets Act [HR 4923] was the keynote speaker at CANDO's annual meeting, December 19, where he shared with Chicago community development leaders, the details of this innovative legislation that passed Congress December 15, 2000.

The bill includes many provisions that CANDO believes will bring much needed capital into low-income communities. Highlights include:

  • Establishes a New Markets Tax Credit that will allow the Treasury Department to make tax credits available to encourage $15 billion in private sector investment in low- to moderate-income communities;
  • Creates 40 new Renewal Communities where businesses could invest without paying federal taxes on capital gains, while receiving increased tax credits for wages and equipment purchases;
  • Provides nearly $7 million for BusinessLINC, a program to promote business-to-business networking through local business organizations such as Chambers and Business Associations for providing technical assistance and identify prospective business;
  • Contains language creating New Markets Venture Capital Companies, a new vehicle to attract private sector dollars into low-income communities; and
  • Increases the Low-Income Housing Tax Credit by 40% over two years.

Rep. Davis stressed that the intent is "to bring in businesses and stimulate business growth in these areas." We want to formally thank Congressman Davis for his leadership in getting this bill passed. This legislation is providing Chicago s neighborhoods with a new opportunity to directly access the capital and business assistance that is needed to build economically viable neighborhoods. CANDO will keep you updated on this legislation as more details become available.


CANDO Welcomes New Board Directors

Voting Members*

Rodney Crim                Shorebank Neighborhood Institute

William Howard        West Humboldt Park Development Council

Alicia Spears                Business & Economic Revitalization Association (BERA)

Willie Winters             Beverly Area Planning Association (BAPA)

Affiliate Members*

Ross Carlson               Associated Bank

Kelly Smith                Women's Business Development Center

*All of the newly elected board directors will serve a three year term.

Re-elected Voting Directors

Martin Goldsmith       Edgewater Development Corp.

Joyce Shanahan           Industrial Council of NW Chicago

Paula Barrington       Old Town Chamber of Commerce

Curtis Roeschley         Uptown Center Hull House

Tam Nguyen               Vietnamese Association of Illinois

Re-elected Affiliate Directors

DeNalda Guice Gay   LaSalle National Bank

Steven Sims                 Northern Trust Company

Scott Sonoc A/A          Sonoc Architects & Associates

Congratulations, to all the newly elected and re-elected directors, we admire your leadership and appreciate your dedication.


 Start the New Year off  Right!

Things to do in 2001:

  o Lose the extra pounds from Christmas

  p Organize office, desk, and life

   Make contact with people from CANDO's last networking event

       Participate in professional growth and time management series

  Get involved with CANDO (sounds like a great idea)

Here's how:
Interesting ways to get involved with CANDO

Are you interested in advancing a successful policy agenda this year?

Are you interested in business development and community economic development finance?

Are you interested in formulating a workshop, seminar and/or conference that strengthens community development professionals citywide?

Whether it's community economic development finance, advancing policy, or member development; CANDO has a working group for you. This year CANDO is implementing a No Missing Members Initiative, that seeks to engage members in program development and provide a forum for all CANDO members to get involved, and have input into the services and products CANDO offers. Please refer to the insert for more details on the specific objectives of each working group and meeting times. We look forward to seeing more of you in the New Year.


 Workshops and Seminars

Uptown Center Hull House is offering a free workshop Starting a Business, on January 17, from 7:00 to 9:00. Contact Stacy at 773.561.3500 for information or to register.

Nonprofit Financial Center is holding Do it Right the First Time, a workshop that provides participants with the foundation to starting a non-profit. Topics include developing your mission statement, filing for incorporation, board development, fundraising and budgeting. For more information or to register, contact NFC at 312.606.8250 or online at www.nonprofitfinancial.org


CANDO Happenings

Congratulations to Angela Moore who has been promoted to Director, Member Services. Angela has worked as the Associate Director, Member Services for a year and a half now, and will continue to build CANDO's membership and ensure that CANDO is in tune with its member needs.

 

CANDO wishes to thank and acknowledge

those members who have financially strengthened

our Association by Contributing supplemental dues:

Back of the Yards Business
Association

Bank One

Chicago Community Loan Fund

Devon Bank

The Habitat Company

Harris Bank

Industrial Council of Near West
Chicago

Jane Addams Resource Corporation

L.B. Stanton Consulting, Inc.

LISC
McBride Baker & Coles

Manufacturers Bank

Matanky Realty Group

Midwest Property Group, Ltd.

Northern Trust

S.B. Friedman & Company

Shetland Properties

South East Chicago Development Commission

Uptown Center Economic Development Unit

                                            

 

 

 

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Getting the Right Mix

Opening Remarks by

Ted Wysocki, President & CEO

for the

Seizing Opportunities Conference

Sponsored by the American Bankers Association

October 31, 2000

                                                                          www.candochicago.org

Smart Growth for city neighborhoods is not an oxymoron. Rather, it has become an essential imperative as redevelopment is being sparked here in many Chicago communities.

Our neighborhoods must be good places for all Chicagoans to live, no matter their race or income. Our neighborhoods also need to be good places to work and shop. Goods, services and jobs are essential for a community to attain and maintain a viable economy. The key is Getting the Right Mix in use and income.

I would like to briefly share with you CANDO's 20th Anniversary project last year: Redesigning Chicago& Neighborhood by Neighborhood.

Our industrial park concept demonstrates the in-fill potential for industrial development and how jobs can be even more valuable to a city s economy than just luxury town homes. Scott Sonoc donated his firm s time and expertise and notes, "The urban problem is both integrating and separating a variety of land uses within close proximity of each other." Their work for Finkl Steel in the Clybourn Corridor serves as model.

Our mixed-use design was done with the assistance of the UIC's City Design Center and highlights a number of points of what can be done with 50 acres:

  • Encourage mixed-income community with different-priced housing products;
  • Include community facilities which become destination traffic points, such as a health care center that creates customers for a drug store or a child care center that generates demand for convenience retail;
  • Restore traditional street grid to a large site whose previous use may have cut off access;
  • Share parking between retail and community uses instead of paving a sea of unused spaces;
  • Design pedestrian-friendly walkways;
  • Encourage public transit with a park & ride garage that has convenience retail on first floor;
  • Create a town center with green space; and
  • Build a community -- not just brick & mortar.

In wrapping up these opening remarks about getting the right mix, I offer you a few reflections from attending this June's 8th annual Congress for New Urbanism (CNU). The conference theme was "The Politics of Place." As a long-time advocate of place-based development, I felt at home with an association whose charter affirms the neighborhood as an essential element of development and whose members promote designs embodying mixed-uses and mixed-income as fundamental to good planning.

The first reflection I had attending the Congress was that these are not so much "new" concepts but principles that have been forgotten along the way. My second observation is how much more political this issue must become to have the necessary and appropriate impact.

In our collective efforts to attract new in-fill development for communities here in the Chicago region, we must realize that every project is shaping the future of our communities. Many of our residents, even working families, are being left out of today's real estate boom.

The objective, which was the most reinforced for me at the Congress, is the necessity to encourage mixed-income development . One of the CNU's Charter principles is:

"Within neighborhoods, a broad range of housing types and price levels can bring people of diverse ages, races and incomes into daily interaction, strengthening the personal and civic bonds essential to an authentic community."

With the transformation of the Chicago Housing Authority (CHA), we have heard how public housing land must be redeveloped with mixed-income opportunities. However, as developers seek zoning changes and building permits elsewhere for high-end residential projects, there has been no public debate on how many affordable units should be included in their proposed projects to foster mixed-income communities.

Getting the right mix is at the heart of the politics of place . Maybe it's time to do more than encourage mixed-income projects with subsidies. At least for the city of Chicago, maybe it's time to change the rules and mandate mixed-income developments. Now that would be new urbanism.

 



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