Grants to Resurrection Project
2012 (Duration 1 year)
Community & Economic Development
CHICAGO, ILLINOIS — The Resurrection Project (TRP) is not-for-profit organization that seeks to build healthy communities through organizing, education and community development. This grant fuinds the costs of expert legal and financial consultants engaged by TRP to inform its exploration of options to mitigate the negative impact of the closure and sale of Second Federal Savings, a failed Thrift that has served low-income Latino communities for more than 30 years. Approximately 1,200 households in TRP's target communities had Second Federal loans and most are at high risk of foreclosure due to sharp home value declines and the continuing effects of the U.S. economic downturn.
The MacArthur Foundation awarded Resurrection Project $50,000 between 2010 and 2013.