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MPC Roundtable—Two Anchor Institutions, One Story of Revitalization through Housing Investment

  • February 27, 2013, 12–1:30 pm
  • MPC Conference Center, 140 S. Dearborn St., Ste. 1400, Chicago

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Can't attend in person? This event will be streamed live on YouTube.

One is an academic institution in the heart of the city of Chicago; the other is a manufacturing company located 40 miles northwest in suburban Carpentersville, Ill., population 38,062. Though it may seem unlikely, University of Chicago and OTTO Engineering have some things in common: Both of these large employers are anchoring community redevelopment by investing in their local housing markets.

At this MPC Roundtable, University of Chicago's Derek Douglas, vice president, civic engagement; and OTTO Engineering President Tom Roeser will compare and contrast how their unique housing reinvestment strategies support the local economy. UofC has offered an employer-assisted housing program for nearly 10 years, providing housing counseling and downpayment assistance to employees who chose to move near campus. Through OTTO Homes, OTTO Engineering buys, rehabilitates and sells homes in Carpentersville, giving preference and incentives to local employees who want to become homeowners.

Sponsored by Hyde Park Bank & Trust, a Wintrust Community Bank.


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Metropolitan Planning Council 140 S. Dearborn St.
Suite 1400
Chicago, Ill. 60603
P 312 922 5616 F 312 922 5619 info@metroplanning.org
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For 80 years, the Metropolitan Planning Council (MPC) has made the Chicago region a better place to live and work by partnering with businesses, communities and governments to address the area’s toughest planning and development challenges. MPC works to solve today's urgent problems while consistently thinking ahead to prepare the region for the needs of tomorrow. Read more about our work »

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