South Suburban Housing Collaborative
It’s readily apparent that the foreclosure crisis and its resulting vacancies and disinvestment are problems that cross municipal borders.
The Eastgate neighborhood in Park Forest, a village thirty miles south of Chicago, has seen its share of troubles. Relatively isolated from other development by the Sauk Trail Woods Forest Preserve, many of the neighborhood’s 300-odd homes are in poor condition. Crime and blight have been on the rise, causing the Village of Park Forest to invest more and more funds into finding solutions to revitalize the area.
• Cook County Commissioner Bridget Gainer will describe the new county vacant property ordinance that takes effect in February 2012: Please Click Here to View Ordinance The ordinance requires a property's mortgagee to pay a fee to list buildings as vacant on a county wide registry. The ordinance applies to all areas of unincorporated Cook County. Read more »
Housing collaboratives in South and West Cook County receive nearly $11 million in federal funds to stabilize communities across borders
The West Cook County Housing Collaborative and the Chicago Southland Housing and Community Development Collaborative received nearly $11 million in federal funding from the IKE Disaster Recovery Program to further their interjurisdictional work on stabilizing communities in south and west Cook County in the wake of the foreclosure crisis. The funding will help hard-hit communities preserve workforce housing, address blight, and recover from th
The November 2011 edition of ProfitWise News and Views, written by Susan Longworth and published by the Community Development and Policy Studies Division of the Federal Reserve Bank of Chicago, features Suburban Housing Collaboratives: a Case for Interjurisdictional Collaboration.
In 2009, states, counties, and cities across the country applied for approximately $3.9 billion from the United States Department of Housing and Urban Development (HUD) to confront the problems of foreclosures and property abandonment. The Neighborhood Stabilization Program (NSP) is the principal federal response to address the impact of foreclosed properties on neighborhoods.
Today, the South Suburban Mayors and Managers Association (SSMMA) was awarded a $2.4 million Sustainable Communities Challenge Grant from the U.S. Dept. of Housing and Urban Development (HUD) to strengthen the Southland through a redevelopment strategy that builds off existing and planned rail assets and related housing and economic development opportunities.
The Information Management Network looks forward to the riveting review of how the economic stimulus plan has taken effect in Illinois at the 9th Annual Illinois Public Finance Conference. Join public finance officials from across the state to discuss the opportunities and challenges of managing Illinois' financial progress. Bond issuers, investors and insurers as well as legislators and administrators will address the economic goals of counties, cities and the state as a whole. Read more »