Accomplishments

CHAD Accomplishments During Fiscal Year 2010 (October 1, 2009-September 30, 2010)

Provided Rental Assistance and Subsidies 

• Saved our residents more than $700,000 by charging lower than market rents 
• Provided $88,801 in rental assistance subsidies for 34 households through our Rental Support Program (formerly called Sliding Scale Program.)  This was a 9% increase from last year  
• Provided 13 CHAD residents facing financial crisis with $12,000 in Bob Wahlgren Homelessness Prevention funds 
• Provided housing for 43 families with serious credit issues through our Credit Support Program 
• Initiated a rent special for new applicants in September which included coupons for $200 off the rent of specific one and two bedroom apartments for six months 
• Implemented a new Veterans Program for single disabled veterans.  CHAD converted several two-bedroom apartments into single room units which share a common area.  Veterans pay 30% of their income for rent, about $300.  A generous donor supported this program and helps subsidize the remaining cost of the unit. 

Increased Affordable Housing Options  

• Increased the number of rental units from 371 to 386, a 4% increase 
• Secured two Neighborhood Stabilization Program grants to purchase and remodel 7 foreclosed properties in the communities of Aurora and South Elgin to rent to low and moderate-income families

Improved Organizational Infrastructure  

• Implemented a new fundraising and communications program to increase revenue and secure CHAD’s financial future 
• Launched a new website at www.chadhousing.org which allows donors to give online and provides better communication to residents, prospective residents and the community at large.  
• Introduced CHAD to six community service groups with many more presentations scheduled for FY11 to help increase awareness about the impact CHAD makes in the community