• History

    history_blackwhite_photo_rand_grove-page-001Metropolitan Housing Development Corporation (MHDC) is a not-for-profit corporation chartered to develop, own, and manage low- and moderate-income housing. It was created in 1968 by the Leadership Council of Metropolitan Open Communities to produce non-discriminatory housing for low-income and minority persons in areas of emerging job growth.

    MHDC has taken its charter seriously. Since 1968 MHDC has:

    • Produced more than 2,000 new or rehabbed units for low- and moderate-income families and the elderly.
    • Secured over $6 million in housing grants for rehabilitation projects.
    • Obtained more than $60 million in mortgages and other loans from HUD, IHDA, Cook County, DuPage County, Will County, the Federal Home Loan Bank, and other sources of low-income housing development.
    • Participated in landmark litigation that made it possible to develop low-income family and elderly housing.
    • Researched and published the study, “Chicago’s Building Code: An Impediment to Affordable Housing Development” with grants from the Amoco Foundation and the Graham Foundation. This study resulted in significant changes to the city’s building code.

    history_ribbon_ceromony_linden_place-page-001MHDC continues to develop innovative programs to house low- and moderate-income families who are at a disadvantage because of rising costs, racial discrimination, or lack of information. MHDC believes that people build neighborhoods and the neighborhoods build communities. We know that we cannot do it alone – MHDC works with local not-for-profits, social service agencies, municipal governments, and educational providers to create comprehensive and need-based services.