Two Anchor Institutions, One Story of Revitalization through Housing Investment - Metropolitan Planning Council

Skip to main content

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

February 27, 2013, Noon to 1:30 p.m.

This is a past event

MPC Conference Center
140 S. Dearborn St.
Suite 1400

Download to calendar

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.

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 »