CHAD expands affordable housing presence into the community of Darien in Chicago’s western suburbs

News release (Wednesday, January 14, 2015)

Wheaton, IL – Community Housing Advocacy & Development (CHAD) announces that is has acquired a three bedroom townhome in the community of Darien which marks its first affordable housing property in that suburb. In addition, the property purchase in Darien also increases the number of west suburban communities, in which CHAD has an affordable housing presence, to 30. The property was acquired through a bank loan provided by West Suburban Bank and will be used to house income qualifying households.

“Darien remains an attractive, yet underserved, community for affordable housing options. We are excited that we have been able to acquire a property in excellent condition and in that particular market to help meet demand.” stated Brian Worth, Executive Director. “It is our desire to continue to seek out property purchases throughout the western suburbs so that we can continue to meet demand for affordable housing in one of the highest per capita income areas in the state.”

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Community Housing Advocacy and Development 531 East Roosevelt Road, Suite 200 Wheaton, IL 60187 (Map + directions) Phone: (630) 456-4452 Fax: (630) 580-9244

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From the community

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—Annette

Fact

2.3 full time minimum wage jobs are necessary to afford a two bedroom apartment in the Chicago area CHAD helps families stay together.