This recommendation also calls for the invitation and support of Neighborhood Housing Services of Chicago to develop a field presence in Woodlawn. As was discussed in Chapter 5, much of the missing home-ownership infrastructure stems from the fact that (in the void created by Shore BankÕs demise) NHS only has a field presence in a subset of Chicago neighborhoods that does not include Woodlawn. Whether it is home-ownership counseling, marketing of home purchase and acquisition & rehabilitation loans, technical assistance for home renovation or housing preservation, NHS has a successful track record of providing these services for two- to four-unit buildings in other neighborhoods. The Small Building Initiative could enter a partnership with NHS whereby a NHS employee is subsidized by the Small Building Fund and spends 50% of their time working out of Woodlawn in space provided by POAH and eventually the Woodlawn Resource Center.
Tag Archives: NHS
Partner with NHS or other nearby pre-purchase assistance to advertise services in Woodlawn
The most basic assistance that prospective homeowners need is pre-purchase counseling, a requirement of the more effective first-time homeownership programs and an important method of reducing the incidence of foreclosure. A network of providers associated with NSP serves as a resource for this work, including Agora Community Services, Genesis Housing Development, Greater Southwest Development Corporation, and the downtown-based Neighborhood Housing Services of Chicago.
Podmolik–$15,000 down payment grants will be offered in Chicago area
Bibliography
Podmolik, M. E. (2012, October 3). $15,000 down payment grants will be offered in Chicago area. Chicago Tribune.
Date Published or Accessed: 2012-10-03 October 3, 2012
Reference Summary
Wells Fargo & Co. will offer $8.2 million in down payment assistance grants this month to almost 550 homebuyers in Chicago and 28 suburbs, the bank said Wednesday.The bank’s CityLIFT program,…
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