Grantee Profile

Neighborhood Housing Services of Chicago

Grants to Neighborhood Housing Services of Chicago

  • $150,000Active Strategy

    2012 (Inactive Grant)

    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.

  • $2,400,000Active Strategy

    2008 (Inactive Grant)

    Community & Economic Development

    CHICAGO, ILLINOIS — In support of public education and counseling to prevent foreclosure in New Communities Program and other neighborhoods in Chicago as part of the Foreclosure Prevention and Mitigation Project (over two years).

  • $1,750,000Active Strategy

    2003 (Inactive Grant)

    Community & Economic Development

    CHICAGO, ILLINOIS — In support of programs that promote residential stability and homeownership in Chicago neighborhoods (over five years).

The MacArthur Foundation awarded Neighborhood Housing Services of Chicago $4,600,000 between 2003 and 2014.

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