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The Micro Market Recovery Program

is a neighborhood stabilization initiative targeting small geographic areas that are experiencing higher-than-normal problems with foreclosures.

In most areas, NHS is working with the City of Chicago and other agencies and community partners to re-occupy vacant residential buildings and to help existing residents remain in their homes.

The City of Chicago through its NSP program and TIF-Purchase Rehab initiative has subsidy money available for owner-occupants ready to buy or rehab a home in an MMRP area. The City also has forgivable loans available to help current owner-occupants make home repairs.

People interested in purchasing a home in an MMRP area, or considering repairs on an existing home, or need foreclosure intervention assistance, can contact NHS to find out more about the program.