News
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In Logan Square and Hermosa, home buyers on the hunt
- Gordon Walek, Oct 5, 2012
- Prospective home buyers - lots of them - recently toured formerly vacant, foreclosed houses in Logan Square and Hermosa that have been renovated through the Neighborhood Stabilization Program and are…
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NSP: Where it's been, where it's going
- Bill Healy, Apr 4, 2012
- Katie Ludwig, an assistant commissioner dealing with foreclosure mitigation in the Chicago’s Department of Housing and Economic Development, discusses the impact of the Neighborhood…
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Mayor hails first fruit of foreclosure fight
- John McCarron, Jan 19, 2012
- Rahm Emanuel tours West Humboldt rehab and explains the city’s Micro-Market approach.
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Chicago NSP helps fill demand for affordable rental housing
- Bill Healy, Oct 31, 2011
- Apartment buildings that have been acquired and renovated through the Neighborhood Stabilization Program are now accepting applications from tenants.
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Moving Forward Together
- John McCarron, Oct 28, 2011
- The one-two punch of the foreclosure epidemic and Great Recession is teaching community development practitioners to build more effective partnerships, get closer to local conditions … and…
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Foregoing foreclosures
- John McCarron, Sep 12, 2011
- Pilot program due this fall aims to buy and renegotiate mortgages so working families are not foreclosed
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Pullman/Roseland NSP Open House Tour: Unique homes at affordable prices
- Bill Healy, Sep 7, 2011
- Rehabbed, for-sale NSP houses were the subject of a recent tour in the historic Pullman and Roseland neighborhoods.
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NSP making a difference in Chicago Lawn
- Bill Healy, Aug 4, 2011
- Chicago's Neighborhood Stabilization Program has a number of single-family homes and two-flats on the market in Chicago Lawn.
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Points of light amid foreclosure funk
- John McCarron, Jul 18, 2011
- If you’re looking for good news on the housing front this summer in Chicago, good luck. There isn’t much … but there is some . The federal government is moving to improve its…
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Now’s the time to buy? In Humboldt Park, answer may be yes
- Gordon Walek, May 17, 2011
- The Neighborhood Stabilization Program over the last two years has acquired and rehabbed hundreds of vacant foreclosed houses throughout Chicago. Many of them are now coming on the market, and…
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New Pisgah rescues foreclosed homes
- Bill Healy, Mar 8, 2011
- The “mission” of New Pisgah Missionary Baptist Church, in Auburn Gresham, goes way beyond shouting distance of its physical facility on South Racine Avenue. The church’s community…
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On West Walnut Street the scenery looks a little brighter
- Bill Healy, Feb 17, 2011
- The transformation of empty, foreclosed East Garfield Park houses into affordable, for-sale homes is the latest positive trend in the West Side neighborhood.
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A Q&A about buying an NSP house
- Bill Healy, Jan 24, 2011
- People interested in purchasing an NSP home must meet a few requirements. This Q&A with Crystal Kimbrough, the first Chicago NSP homebuyer, and her realtor describe what they are.
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NSP funds help create energy efficient bungalows
- Bill Healy, Jan 4, 2011
- A block of bungalows in the city's South Shore neighborhood get retrofitted for maximum energy efficiency, thanks to NSP and the Historic Chicago Bungalow Association.
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Woman’s search for perfect house: an NSP property in Oakland
- Bill Healy, Dec 7, 2010
- Crystal Kimbrough is the first person to purchase, and move into, a formerly vacant, foreclosed house that was rehabbed through the Neighborhood Stabilization Program.
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Chicago gets new NSP funds
- Bill Healy, Oct 5, 2010
- Washington Park shows signs of new life through the Neighborhood Stabilization program and other housing development.
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Chicago Amendment to the NSP 1 Substantial Amendment
- Jul 22, 2010
- The City of Chicago is amending its NSP 1 Substantial Amendment allocation priorities. This amendment will be posted for a 15 day public comment period. Please note that comments will be collected…
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New houses, local jobs make for better neighborhoods
- Bill Healy, Jul 19, 2010
- Developer Melvin Bailey is putting local people to work, renovating foreclosed East Garfield Park homes through the Neighborhood Stabilization Program.
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Reaching out to the neighborhoods
- John McCarron, Jun 21, 2010
- Residents, community organizations get the skinny on the Neighborhood Stabilization Program.
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Illinois Association of Realtors weighs in on NSP
- Jun 14, 2010
- Last fall, Brian Bernardoni, in a publication of the Illinois Association of Realtors, desbribed how realtors are involved in the Neighborhood Stabilization Program.
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NSP houses hit the market
- Bill Healy, Jun 8, 2010
- The first houses to be renovated and offered for sale under the Neighborhood Stabilization program are now available in the Chicago Lawn community. A tour of renovated NSP homes is scheduled for…
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Developer Request for Qualifications
- Mar 22, 2010
- NSP's Developer Request for Qualifications.
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Hearing from the ’hoods
- John McCarron, Mar 16, 2010
- Aldermen, community leaders and plain folk recently weighed in at City Council hearing on the Neighborhood Stabilization Program, which is designed to stem the further deterioration of certain…
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Chicago NSP update
- Mar 11, 2010
- At a public hearing in Chicago City Council chambers on March 11, 2010, Ellen Sahli, First Deputy Commissioner of the Department of Community Development, provided a status report of Chicago's…
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Laying a stable foundation
- John McCarron, Feb 6, 2010
- Ophelia Cage knows all too well the damage – physical and psychic – that a foreclosed and vacant house can do to a neighborhood. She lives next door to an empty bungalow at 6324 S.…
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