Welcome To CECD
The Coalition for Equitable Community Development is a 501(c)(3) membership organization consisting of individuals, organizations, congregations, and businesses that live or do business in Hyde Park and Kenwood. Its mission is to convene residents, faith-based communities, civic, educational, and social organizations, along with the business community, in planning, guiding, and monitoring housing and related activities that will support the maintenance of an economically and racially diverse community in Hyde Park-Kenwood.
CECD believes that a key component in maintaining and growing economic diversity is housing affordable to people of various income levels. CECD has
- Insured that, for a proposed development at 56th and Cornell, the development company will maintain the adjacent apartment building, with 53 rental apartments, as affordable in perpetuity.
- Worked with the developer of a 242-unit mixed development at East Hyde Park and Lake Park to provide
20% affordable and accessible rentail units.
- Partnered with STOP to save Grove Parc, a 500-unit section 8 housing complex at 63rd and Cottage Grove.
- Worked with initiatives on land-banking, Lathrop Homes redevelopment, and developing relationships with other community organizations (such as SOUL) with common interests.
The CECD "Hyde Park-Kenwood Housing Market Survey" is now available online. It provides a detailed study of housing in Hyde Park and South Kenwood. The survey was conducted by Strategies for Community Economic Development and Finance, in conjunction with the Voorhees Center for Neighborhood and Community Improvement at the University of Illiinois at Chicago, and funded by the CECD, with support from The Pierce Family Foundation, the Hyde Park-Kenwood Community Conference, the South East Chicago Commission, and members of CECD.
Affordable housing in Hyde Park-Kenwood and the surrounding communities is shrinking and will continue to shrink, without community intervention.
- Housing is considered "affordable" if the family pays no more than 30% of its gross (before tax) income for housing costs.
- In Hyde Park, about half of renters pay more than 30% of their income in housing costs, and a quarter pay more than 50% of their income in housing costs.
To afford a one-bedroom apartment in Hyde Park, an individual would need to earn $16.00/hour; to afford a two-bedroom apartment, an individual would need to earn $17.96/hour.
Watch for our next social fundraiser!
CECD Annual Meeting:
next Feb. or March 2015
Alwaysincludes a deep backgrounder and practical panel
Coalition for Equitable Community Development
Address : 1525 East 53rd Street, #907
Chicago, IL 60615
E-mail : CECD
Phone : 773 643-7495