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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
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Social Entrepreneurship
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When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
