Media Contact: LINDA JOHNSON, 773-483-3696
FOR IMMEDIATE RELEASE
Chicago Neighborhood Rebuild Training Pilot Program Unveils First Property
September 28, 2018 // Chicago, IL — Today, Chicago Community Loan Fund (CCLF), in partnership with the City of Chicago Department of Planning & Development unveils Greater Auburn-Gresham Development Corporation’s (GAGDC) newly rehabbed property located at 7227 S. Vincennes Street in Chicago’s Auburn-Gresham neighborhood. This development is the first release in the Chicago Neighborhood Rebuild Training Pilot Program (Rebuild Program) and will be recognized with a ribbon-cutting ceremony and reception at 7227 S. Vincennes Friday, September 28, from 12:30-1:30 p.m.
The Rebuild Program is a joint venture between the City of Chicago, CCLF, Cook County Land Bank Authority (CCLBA), Community Investment Corporation (CIC), The Safer Foundation, and CARA. The program is focused on stabilizing the housing stock and improving the neighborhood conditions in the 7th, 10th, and 11th Police Districts. The Rebuild Program assists developers in stabilizing communities and participates in workforce development by allowing trainees on site.
The Rebuild property located at 7227 S. Vincennes is a two-story brick single family residence with a full basement and a detached garage. Interior and exterior work managed by contractor New Pisgah Development followed GAGDC’s acquisition of the property. The home will be available for purchase by local area residents who successfully complete GAGDC’s 10-week homeowner education program operated by Neighborhood Housing Services of Chicago (NHS) and Steps Inc. Consulting.
About Chicago Community Loan Fund (CCLF)
Founded in 1991, Chicago Community Loan Fund is a federally certified Community Development Financial Institution (CDFI) that provides loans to community driven businesses and projects throughout metropolitan Chicago that benefit low- to moderate- income communities. CCLF is supported by a number of socially responsible institutional and individual investors. For more information, please visit cclfchicago.org.
About the Greater Auburn Gresham Development Corporation (GAGDC)
The Greater Auburn-Gresham Development Corporation (GAGDC), incorporated in 2001, is a non-profit 501(c)3 community based organization with a mission to foster and promote the revitalization of low- to moderate-income neighborhoods utilizing comprehensive community development strategies and Initiatives. GAGDC has provided services to all, or parts of, the Auburn-Gresham, Greater Grand Crossing, Washington Heights, West Chatham, Englewood and Ashburn communities. For more information, please visit www.gagdc.org.