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Do you own multiple properties or a multi-unit building? The Property Rental Assistance (PRA) Program aims to increase high-quality affordable housing in healthy and revitalizing neighborhoods throughout the city of Chicago.
The Chicago Housing Authority's (CHA) PRA program offers Housing Assistance Payment contracts for 5-30 years for multiple units. CHA is looking for Excellent Owners with Great Property in Chicago Neighborhoods. New construction, substantial rehabilitation, and existing multi-unit buildings and portfolios with vacancies all qualify for the PRA program.
Want to hear more? Please email PRA@thecha.org and type "Info Session" in subject line.
Apartment owners and developers wishing to apply to the PRA Program, can visit the Development Financing page to download the Development Financing Overview & Application.
Please note: Only applicants on CHA's Wait Lists are eligible to live in PRA Program properties. CHA is not accepting new tenant applications for housing in the PRA Program.
Who Can Apply:
- Owners of existing well-managed multifamily rental properties
- Developers of multifamily properties to be newly constructed or rehabilitated
When to Apply:
- Applications are being accepted now and throughout the year on a rolling basis
How and Where to Apply:
- Visit the Development Financing page for Overview and Application
If you are an apartment owner or developer and want to have application updates or FAQs sent to you, please send an email to PRA@thecha.org with "Add Me to Your Mailing List" in the subject line.