There are several subordinate acquisition and rehab loans that are also available for consideration. These could be used in conjunction with a traditional mortgage, funding the renovation work that will be completed and some portion of the original acquisition. Chart
Chicago DHED. (2013d). Troubled Building Initiative (TBI).
Date Published or Accessed: 2010-08-03 8/3/10
Gross, A. (2012, April 9). Why has stabilizing Chicago’s neighborhoods been so tough? WBEZ.
Date Published or Accessed: 2012-04-09 April 9, 2012
The city of Chicago has gotten $169 million from the federal government to revive neighborhoods hard hit by the foreclosure crisis. But turning blocks around has been more challenging than expected, forcing the city to overhaul its strategy.
Chicago Department of Community Development. (2010, April 30). Woodlawn NSP2 census tracts.
Date Published or Accessed: 2010-04-30 4/30/10
Ludwig, K. (2011, September 29). Neighborhood Stabilization Program (NSP). Presented at the 2011 Annual CHA Owners Symposium, Chicago, Illinois.
Date Published or Accessed: 2012-09-29 September 29, 2012
Mercy Portfolio Services. (2011, August 2). Chicago NSP housing counseling centers.
Date Published or Accessed: 2011-08-02 Aug 2, 2011
Chicago Department of Housing and Economic Development. (2009). Neighborhood Stabilization Program 2 Application for Federal Funding (Application).
Date Published or Accessed: 2009-07-14 July 14, 2009
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Date Published or Accessed: 2010-12-09 December 9, 2010