As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago embodies the values of America's heartland: integrity, hard work and community, and reflects the ideals in the social fabric of its 77 distinct neighborhoods.
It is in those communities that the Neighborhood Stabilization Program is acquiring vacant, foreclosed properties and returning them to the use for which they were originally intended - as high-quality homes and apartments that are affordable, attractive and energy efficient.
Following are details about the neighborhoods where NSP houses are available, why those neighborhoods were selected, and the appealing features they contain.
See which properties NSP has acquired (or are under contract) and is preparing for rental or sale.… Continue
Learn more about the communities being stabilized through investments by Chicago's Neighborhood… Continue
See a list of qualified NSP developers.
Download the Request for Developer Qualifications.
Chicago NSP2 Final Narrative
In July 2008, Congress passed the Housing & Economic Recovery Act of 2008, which included $3.92… Continue
The Chicago Neighborhood Stabilization Program will spend the $55 million in federal grant money… Continue