4 minute read
FINANCIALS
from Vision Chicago F4
Ø Minority Business Alliance (MBA) o The Minority Business Alliance teaches entrepreneurship to community members to ensure success within the construction industry with a clear definition of capable and qualified minority subcontractors. § Establishing qualified names for each subcontractor business as a registered agent of the State and the City of Chicago. § Assisting in becoming W/MBE, DBE, BEP, and Section 3 Certified Subcontractors § Teaching blueprint reading and bidding processes § Assisting in accounting programs and understanding the business platform within construction § On-site assistance in performance of contract negotiations. § Union and Non-Union affiliations
o Strategic Placement of Minority General Contractors with Prime Contractors § Align Appropriate Strategic Partnerships § Partner Minority General Contractors to Developers § Monitor the Negotiation Process § Align Minority General Contractors with Minority Subcontractors Success Results:
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o We have established 35 successful African-American-owned minority businesses currently in operation. o We have fostered a joint venture collaboration on approximately 30 projects where minority general contractors have received a minimum of 20% of the value of the prime contracts.
Ø BELLWETHER DIVERSITY SOLUTIONS
o A diversity consulting company that helps stakeholders identify, develop, and implement
Diversity, Equity, and Inclusion (DEI), and Supplier Diversity (SD) best practices. o Our Services, include: § Racial Equity Impact Assessment § DEI/SD Related Workshops and Training § Diversity and Inclusion Training § Workforce and Supplier Compliance § Outreach and Data Management § Media Curation
Success Results:
§ We are certified by the Turner School of Construction Management § We are recognized by Chicago United for Equity § We manage a quantum database of 4 million data points § We have improved workforce communications and productivity by 38% (average) § We staff each project with 50% African-Americans and 50% women
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Black Contractors Owners and Executives (BCOE) will serve as the builders for the Community Build Projects. Working with the modular factory, BCOE will engage Black-Owned Contractors within the geographic boundaries of a Community Build Project. Contractors will be placed in all construction fields to leverage the full capacity of black construction development within the City.
Ø Black Contractors Owners and Executives (BCOE) o BCOE’s mission is to gather, discuss, explore, and lobby for increased opportunities and equal success for African American contractors in the construction industry.
o Our services include:
§ Industry Advocacy § Contract Acquisition Support § Group Training in Specified Areas of Construction
Success Results:
§ Provides information, resources, and education to members § Advocates within the construction industry and with politicians to facilitate Black contractor participation § Educates youth and the public on opportunities in construction
HOME BUYER EDUCATION
Project Build, in collaboration with our experienced home purchase, financial literacy, and credit counseling professionals, will institute a holistic real estate program designed to create and stabilize growth and security. We will utilize a pre-qualification screening program to prepare individuals for homeownership, creating and sustaining wealth in communities through financial and housing education. We will work with outside institutions such as banks, tax consultants, financial literacy coaches, insurance providers, credit counselors, homeowner associations, upkeep technology, life-skills training, task consultants, and mental wellness professionals to create a model towards community self-sustainability. And as a result, we will make the goal of homeownership in neighborhoods where people live, work, and raise their families a reality.
Ø STRATEGIC COMMUNITY PLANNERS, LLC o A local Community Development Entity that serves as an intermediary vehicle for the provision of financial counseling, loans, and investments in low-income communities. o Our services include:
§ Financial Counseling to Residents of Low-Income Communities § Investments, Loans, and Financial Counseling to Businesses § Housing Counseling
Success Results:
o Over 45 years of Financial and Legal advisory services
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Ø NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (N.A.C.A.) o NACA is the largest non-profit HUD-certified organization with over fortyfive offices nationwide and a national counseling center. NACA utilizes over 1,800 HUD-certified organizations to administer financial literacy and counseling aid. This comprehensive counseling and access to its Best in America mortgage, has established the standard for affordable homeownership for low-to-moderate income people. § NACA Services, include:
• Advocacy • Career consulting and apprenticeship guidance
Success Results:
o Provides an award-winning home ownership loan product that allows N.A.C.A. members to benefit from:
§ No Down Payment § No Closing Costs § No Fees § No Requirement for Perfect Credit § Below Market Interest Rates
COLLABORATIVE AFFILIATE PROGRAMS
We welcome the opportunity to utilize every resource available to leverage the productivity of the prefabrication factories, including, but not limited to the following:
Ø CITY PROGRAMS FOR DEVELOPERS o Building Neighborhoods and Affordable Homes (BNAH) o City Lots for Working Families o Chicago Neighborhood Rebuild Pilot Program o Affordable Requirements Ordinance (ARO) o Affordable Housing Opportunity Fund (AHOF) o Preserving Communities Together (PCT) o Micro-Market Recovery Program (MMRP) o Negotiated Sale of City-Owned Lots o Troubled Building Initiatives
Ø CITY PROGRAMS FOR AFFORDABLE HOME OWNERSHIP o Neighborhood LendingProgram o Tax Smart o Chicago Homebuyer Assistance Program o Chicago Community Land Trust for Buyers o BuildingNeighborhoodsandAffordable Homes (BNAH) o Community Connections Home Buyer Assistance Program
Ø CITY PROGRAMS FOR COMMUNITY REVITALIZATION o SPIFF Program o Roof Purchase and Repair Program o Tax Increment Financing-Neighborhood Improvement Program (TIF-NIP) Neighborhood Development Initiatives, LLC 29 | Page