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Neighborhood Housing Services of Chicago, Inc.
Chicago ILCDFI Awards for Neighborhood Housing Services of Chicago, Inc.
FA (2007) - $950,704
Neighborhood Housing Services of Chicago (NHS) is a certified CDFI established in the 1970s. NHS provides loans and resources for housing rehabilitation, homeownership, and community development in Chicago’s neighborhoods. It will use its FY07 award to leverage more loan capital in three areas: 1) to defer loans for borrowers refinancing predatory products; 2) ITIN loans within the growing Latino community; and 3) for the “Historic Greystone” program to refurbish and renovate housing stock. The CDFI will use its TA award to 1) pay staff salaries; 2) offer training opportunities for staff and local nonprofits on foreclosure prevention, reverse mortgages, and loan originations to immigrant populations; and 3) purchase equipment for community presentations.
CORE (2000) - $1,500,000
The CDFI Fund"s $1,500,000 capital grant will help leverage other funds and will support the continued expansion of NHSC"s lending and housing counseling activities. The Fund"s award will also help support NHSC"s new lending initiatives, including the Neighborhood Oriented Recovery Mortgage Assistance Loan (NORMAL) program -- an initiative that provides foreclosure intervention, counseling, and refinancing for victims of predatory lenders.
SECA (1998) - $67,700
The Fund"s $67,700 Technical Assistance grant will enable NHS to enhance and expand its database and computer systems, allowing the organization to manage its loan portfolio more efficiently and effectively.
CORE (1997) - $966,700
With the CDFI Fund grant of $960,000, NHS of Chicago will be able to provide more mortgage loans to lower income Chicago homebuyers and to expand its services to three new 9 neighborhoods.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Social Entrepreneurship
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A Bar That Saves Children’s Lives
Ryan Devlin, Todd Grinnell and Ravi Patel have traveled to Africa on a humanitarian trip a few years back, encountering children suffering from severe malnutrition get healthy through Plumpy’Nut®.
