2012 • 1 year • Community & Economic Development
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.
2010 • 1 year • What We're Exploring: Cities, Information, and Governance
To support strategic planning and efforts to address the negative effects of foreclosure on low- and moderate-income communities in Chicago.
2008 • 2 years • What We're Exploring: Cities, Information, and Governance
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).
2003 • 5 years • Community & Economic Development
In support of programs that promote residential stability and homeownership in Chicago neighborhoods (over five years).
2002 • 1 year • Community & Economic Development
To improve information management systems.
2001 • 1 year • Community & Economic Development
To upgrade information systems and restructure lending and development services.
2000 • 1 year • What We're Exploring: Cities, Information, and Governance
To support office rehabilitation and the restoration of services following a fire.
1999 • 3 years • What We're Exploring: Cities, Information, and Governance
To support a project that simultaneously addresses neighborhood safety and housing development in order to advance community improvement in six Chicago neighborhoods (over three years).
1999 • 1 year • Housing
To support consensus building and redevelopment planning for public housing in the North Lawndale neighborhood.
1998 • 1 year • What We're Exploring: Cities, Information, and Governance
To develop a strategy to improve the linkage between neighborhood crime prevention activities and efforts to improve local housing markets.