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Chicago wins $98 million in second round of NSP funding to acquire foreclosed properties: John McCarron, Jan 20, 2010; Chicago will receive a $98 million federal grant to recycle foreclosed homes. The amount, second only to Los Angeles among U.S. cities, reflects and validates the efforts the city and its…
NSP Chicago – when the going gets tough, the tough get going: Matt Field, Jan 20, 2010; The federally-funded Neighborhood Stabilization Program may have been dreamed up in Washington, but it is at the state and local level that reality is setting in.
Greenhouse: NSP incorporates eco-friendly building: Matt Field, Nov 9, 2009; One silver-lining of the foreclosure storm that hit Chicago is that many NSP developers will rehab homes to include new, eco-friendly features. One home in South Shore is even getting solar panels.
Two-flat, And Workers Maintaining It, Get Second Chance: John O'Neill, Oct 6, 2009; The building at 7721 S. Carpenter St. had been vacant for months. The lawn and bushes were overgrown. Some boards had been pried from the windows. Vagrants had moved in. Mildewed carpets and…
Developers See Opportunities in Greater Grand Crossing: Matt Field, Sep 30, 2009; To real estate developer Maurice Williams, the property at hand is often the least interesting thing about a potential deal. “I’m looking at everything but that house,” he says. “I’m looking at…
Job #1 for NSP: Fill Empty Houses to Stabilize Neighborhoods: Matt Field, Aug 31, 2009; The crime was shocking even by West Side standards. Several men were standing on a blighted section of Walnut Street in East Garfield Park when a gunman charged from a vacant lot, fired into…
Program Provides $55 Million to Stabilize Foreclosure Hotspots: John McCarron, Jan 16, 2009; A broad arc of South and West Side communities burdened with boarded-up buildings will be the target of a sweeping new federally-funded program to buy and rehabilitate more than 2,000 foreclosed…

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