|
Governor Quinn announces Mercy Housing partnership to help keep people in their homes
Governor Pat Quinn announced the creation of the Mortgage Resolution Fund (MRF) using $100 million of the state's $445.7 million in Hardest Hit Fund dollars to purchase notes in the Chicago area. The Illinois Housing Development Authority (IHDA) board today approved the new program, which will enable these loans to be permanently modified to affordable levels.
|
|
Community partnerships hold the key to neighborhood stabilization
 Mercy Portfolio Services (MPS) administrators the of City of Chicago's $169 million Neighborhood Stabilization Program (NSP) to purchase, rehab, and reoccupy up to 2,500 foreclosed homes in 29 targeted neighborhoods severely impacted by the housing and foreclosure crisis. MPS evaluates and acquires the foreclosures and then works with more than 150 partners to rehab and reoccupy the homes.
|
Mercy Housing needs your vote!
Mercy Housing Lakefront's Johnston Center Residences in Milwaukee was selected as a finalist in the Special Needs category for this year's Affordable Housing Finance's (AHF) Readers Choice Awards. The Johnston Center Residences provides housing for individuals who have been homeless and disabled or are at high-risk of homelessness. Special thanks to Korb Tredo Architects for their excellent design work on this outstanding property!
Now, it's up to the AHF readers to choose their favorites. Voting is open only to AHF subscribers and the deadline to vote is August 12. If you don't already have a subscription to AHF you can subscribe here. Then, click here to cast your vote. Thank you for your support!
|
