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Grantee Profile

Neighborhood Housing Services of Chicago

Location:
Chicago, Illinois
Website:
http://www.nhschicago.org

Grants to Neighborhood Housing Services of Chicago

  • $150,000Active Strategy

    2012 (Duration 1 year)

    Community & Economic Development

    CHICAGO, ILLINOIS — Neighborhood Housing Services of Chicago (NHS) is a nonprofit community development organization that provides homeownership financing and services in low- and moderate-income Chicago neighborhoods. It will use this grant to develop, implement and evaluate creative strategies to limit loss severity in its mortgage loan portfolio, including shared appreciation mortgages, discounted note sales, and "cash for keys" offers with varying levels and types of incentives .This project will strengthen NHS's overall financial position, and advance understanding nationally about ways to strategically segment a troubled loan portfolio and identify specific strategies that work for different types of loans, demographics, and market conditions.

  • $300,000Active Strategy

    2010 (Inactive Grant)

    Community & Economic Development

    CHICAGO, ILLINOIS — To support strategic planning and efforts to address the negative effects of foreclosure on low- and moderate-income communities in Chicago.

The MacArthur Foundation awarded Neighborhood Housing Services of Chicago $450,000 between 2010 and 2013.

Related News

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May 1, 2010 - Info sheet

Program-Related Investments

To expand the reach of its grantmaking, the MacArthur Foundation makes low-cost loans and equity investments, known as program-related investments, to support charitable organizations and activities.  More
Program-Related Investments
January 28, 2010 - From the field

Federal Funds for Chicago Foreclosure Prevention and Mitigation

The City of Chicago received $98 million from the U.S. Department of Housing and Urban Development to expand a MacArthur-supported initiative launched last year to prevent and reduce foreclosures. More
Community & Economic Development
January 15, 2009 - Speech

Remarks by MacArthur President Jonathan Fanton at the City of Chicago’s Foreclosure Press Conference

MacArthur President Jonathan Fanton describes new Foundation initiatives intended to help stabilize Chicago neighborhoods hard hit by vacancy and foreclosure. More
Community & Economic Development, Housing
October 15, 2008 - Press release

MacArthur Commits $68 Million to Foreclosure Prevention and Mitigation in Chicago

To help combat the growing lending crisis and the rise of foreclosures in Chicago, MacArthur is investing $68 million in grants and low-interest loans in foreclosure prevention and mitigation efforts in local neighborhoods. More
Community & Economic Development, Program-Related Investments
October 15, 2008 - Speech

Remarks by Jonathan Fanton at the Announcement of the Foreclosure Prevention & Mitigation Project

MacArthur President Jonathan Fanton details the Foundation's commitment of at least $68 million dollars to keep homeowners in homes, assist renters displaced by foreclosure, and help the City of Chicago return foreclosed homes to the market. More
Community & Economic Development, Housing, Program-Related Investments