Neighborhood Housing Services of Chicago

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Real Estate Development

NHS Redevelopment Corporation (NHSRC), an NHS nonprofit corporation, combats community deterioration by redeveloping properties throughout the City of Chicago. NHSRC buys and redevelops houses, and builds new homes to support NHS's neighborhood revitalization efforts and to provide high-quality affordable housing opportunities for low- and moderate-income families.

Single Family Preservation (1–4 units)
NHS Redevelopment Corporation (NHSRC) creates affordable homeownership opportunities in formely vacant 1-4 unit properties across the City of Chicago through our single-family preservation efforts. afor low- and moderate-income families. Each year, NHSRC acquires abandoned properties from such sources as HUD, the City of Chicago, bank foreclosures (REO), and private owners. The properties are then sold to owner-occupants through NeighborHomes or purchase rehab program. To date, NHSRC has rehabbed and sold more than 374 properties.

NeighborHomes

Properties are rehabilitated to a high-quality housing standard by licensed contractors under the watchful eye of NHSRC construction staff. The properties are then sold to low- and moderate-income first-time homebuyers using various public programs to ensure that the homes are sold affordably. More information about NeighborHomes is available.

Troubled Buildings Initiative II
Under the Troubled Buildings Initiative II (TBI2) program NHSRC will provide a menu of services to acquire, rehabilitate, and sell troubled 1–4 unit property. In cooperation with the City of Chicago, NHSRC initiates and employs targeted strategies to address troubled properties that pose a threat to the community, including:

Foreclosed properties
Vacant, abandoned properties
Properties that have been deteriorated to the extent that they threaten public health, safety, and welfare
Properties that have been the site of criminal activity

The TBI2 program's purpose is to:

Reclaim vacant and abandoned single-family (1–4 unit) housing stock
Strengthen blocks and neighborhoods by eliminating the blighting effects of vacant property
Enforce building code requirements

For more information, go to www.cityofchicago.org.

Asset Control Area Program (ACA)
NHSRC is one of two Chicago nonprofit organizations participating in HUD’s Asset Control Area (ACA) Program. Under the ACA program NHSRC acquires, at discount, foreclosed FHA properties in designated revitalization areas, rehabs and sells them to owner – occupants through our NeighborHomes program. Neighborhoods included in the ACA are Back of the Yards, Chicago Lawn, Gage Park, North Lawndale, and Roseland. A special five-day priority marketing period for police officers and teachers applies to all new listings.

Under the pilot ACA program, NHSRC acquired, rehabilitated and sold 100 properties in the Back of the Yards, Chicago Lawn, and Gage Park neighborhoods.

Chicago Rehab Initiative Program (CHIRP)
NHSRC is one of three Chicago nonprofit organizations participating in the Chicago Rehab Initiative Program (CHIRP), a partnership between NHSRC, the Department of Housing (DOH) and HUD. Under the partnership, 125 single-family properties will be available for the partners to purchase at a discount within designated revitalization areas. The properties will be rehabilitated and sold to owner - occupants under the NeighborHomes program.

Single-Family New Construction (1-4 units)
Vacant lots present opportunities for new infill housing in Chicago neighborhoods; NHS Redevelopment Corporation (NHSRC) has been active in the development of new affordable housing through the City of Chicago’s New Homes for Chicago program. To date, NHSRC has been a joint venture partner in the development of more than 50 new homes in the West Humboldt Park and Roseland communities. In addition, NHSRC has provided marketing support on dozens of homes throughout the City of Chicago.

Current Projects

New Homes for Roseland - Construction is underway for the second phase of New Homes for Roseland at 105th - 107th, Edbrooke and Michigan. Phase II consists of 21 2-flats, and 16 single family homes under the City of Chicago's New Homes for Chicago program and in partnership with Pullman Bank Initiatives.

Boulevard Square - Twenty-three new single-family homes are being developed at 54th and Morgan in in partnership with CARA and Eastlake Management and Development under the City's New Homes for Chicago program. The NHS Back of the Yards/Boulevard office is managing the marketing and sales process for this development. To date, thirteen homes have been built and sold, with another ten homes currently under contract, which will be under construction by mid-fall. Learn more about Boulevard Square.

Homes for Sale

New Homes for Roseland Phase II

Purchasing your dream home in Roseland has never been easier or more affordable as we have several participating lenders who partner with NHS to ensure you the most competitive loan rates.

Ten single-family homes have already been sold, with only six of these stylish and affordable homes left. Seventeen two-flats are available for purchase. New Homes for Roseland Phase II is located along Michigan and Edbrooke corridors (between 105th and 107th streets).

NHS Redevelopment Corporation, Park National Bank, and the City's New Homes for Chicago program are committed to developing quality-crafted homes designed with you in mind. There are forgivable grants available and professional staff will work with you so that you can "set down roots in Roseland."

For More Information

To schedule your no-obligation tour, call 773-568-1020, ext. 114. For more information, download our brochure "Roseland: A Perfect Place to Call Home."

Modern Loft Living In Historic Pullman

Condos For Sale
North Pullman Place For Sale: Six new condos at 10461-63 South Corliss Avenue in the Historic Pullman community featuring four two-bedroom traditional floor plans and two spacious third-floor lofts, all with hardwood floors and nearly 1,000 square feet of living space per unit.

The NHS Redevelopment Corporation is managing the restoration of this historic building, constructed in the 1880s, and will be featured on HGTV in June 2007. The Redevlopment Corporation and North Pullman Place were one of only 11 sites nationwide to received a grant from Restore America, a proud partnership of the National Trust for Historic Preservation and HGTV, to help fund the rehab of this historic building.

For more information, call 773-568-1020, ext. 127, or download our brochure.

Multi-Family
NHSRC rehabilitates and builds new multi-family housing to provide high-qality, affordable rental housing. NHSRC also manages rental of these apartments to low- and moderate-income families. To date, NHSRC has acquired, rehabilitated and continues to manage 289 units of rental housing.

A large portion of NHSRC’s activities were previously focused on the rehabilitation of large multi-family buildings in the west side neighborhoods of Austin and East Garfield Park. Most recently, activities have included the new construction of a 40 unit multi-unit townhouse style apartment complex. A complete list of NHSRC apartments available to rent is available.

Program Highlights

Roseland Ridge - NHS Redevelopment Corporation completed construction of Roseland Ridge, a $6.4 million, townhouse-style apartment complex at the corner of 105th Street and Michigan Avenue, in 2002. This 40-unit new residential development provides one-, two- and three-bedroom apartments and features wrought-iron fencing, decorative landscaping and lighting, off-street parking and two outdoor play areas. Roseland Ridge is part of the Roseland community's revitalization strategy for Michigan Avenue.

Pine Race II has been in NHSRC's inventory since 1983. A $5.8 million gut rehab of the building has converted all the one-bedroom units into two- and three-bedroom units for a total of 36 units of affordable rental housing. The building is located in the Austin neighborhood on Chicago's far west side, at the northwest corner of Ohio Street on Pine Avenue.

In late April 2004, NHSRC's two-story Factor 10 house at 1919 N. Keeler in the Hermosa neighborhood was named one of the top 10 Green Projects by the American Institute of Architects. The home was designed by the Chicago architectural firm of Esherick Homsey Dodge and Davis (EHDD Architecture).

Green Homes for Chicago - NHSRC was selected as the developer for five “Green Homes for Chicago” - environmentally friendly, energy-efficient and affordable new construction homes. The Green Homes for Chicago Program began with an international design competition sponsored by the City’s Departments of Environment and Housing to solicit designs for five innovative homes that demonstrate resource efficient design and construction practices. From 73 entries, a design jury chose five finalists. The five different designs were built in two communities – two homes in the Hermosa community and three homes in the Englewood neighborhood. All of the homes have been sold to new owners.

Model Apartments Open at Victory Centre of Roseland

Residents in the Roseland community are one step closer to realizing their vision of offering affordable, quality housing and support services for seniors. Victory Centre of Roseland, 10450 S. Michigan Avenue, is a joint partnership between the NHS Redevelopment Corporation and Pathway Senior Living. The senior supportive living community in Roseland is for individuals 65 years and older who may need a little help to maintain independence in their daily lives.

The three-story, 124-unit apartment building will include such amenities as three meals daily, recreational programs, a kitchenette with full-sized refrigerator and microwave, and assistance with activities of daily living, including bathing, dressing, medication reminders, and laundry/housekeeping.

Tours Now Available. Call 773-468-6400, or visit www.pathwayseniorliving.com.

To download a brochure, click here.

To download a newsletter, click here.

To download a press release, click here.

The Chicago Tribune published an article in the Sunday Real Estate Section, October 16, 2005. To view the article, click here.

Victory Centre of South Chicago – NHSRC and Pathway Senior Living are also developing a Senior Supportive Living community in South Chicago at 93rd and Harbor. It will have the same services and amenities as the Roseland supportive living center. It is scheduled to open in fall 2007.

This page updated 11-06-2008