Carpentersville business leader redeveloping foreclosed homes for local workers, families - Metropolitan Planning Council

Skip to main content

Carpentersville business leader redeveloping foreclosed homes for local workers, families

Business leaders can help address their employees’ housing challenges in many ways, such as offering lunchtime credit counseling sessions, letting employees know about local and state rental and homeownership assistance programs, working with community leaders to market redeveloped homes in the area to employees, and even providing direct financial assistance. All of these are considered “Employer-Assisted Housing”— an idea MPC wholeheartedly supports.

In Carpentersville, 35 miles northwest of Chicago, family-owned OTTO Engineering has stepped in to address the housing crisis by buying 80 foreclosed homes in the community. OTTO has renovated 50 of the homes so far to make them more energy-efficient and, consequently, more affordable for families, through improvements such as new electrical and plumbing systems and new windows. The company already has sold 20 homes to local workers and other stakeholders.

“Carpentersville is our home, and we want to contribute to a strong, vibrant community,” said OTTO President Tom Roeser. “We are delighted to help our employees live in town and attain the dream of homeownership.”

Hear more from Roeser on why he embarked on this EAH initiative by watching this special CBS 2 report by Bill Kurtis.


No comments

More posts by Samantha

All posts by Samantha »

MPC on Twitter

Follow us on Twitter »

Stay in the loop!

MPC's Regionalist newsletter keeps you up to date with our work and our upcoming events.?

Subscribe to Regionalist

Most popular news

Browse by date »

This page can be found online at

Metropolitan Planning Council 140 S. Dearborn St.
Suite 1400
Chicago, Ill. 60603
312 922 5616

Sign up for newsletter and alerts »

Shaping a better, bolder, more equitable future for everyone

For more than 85 years, the Metropolitan Planning Council (MPC) has partnered with communities, businesses, and governments to unleash the greatness of the Chicago region. We believe that every neighborhood has promise, every community should be heard, and every person can thrive. To tackle the toughest urban planning and development challenges, we create collaborations that change perceptions, conversations—and the status quo. Read more about our work »

Donate »