On Nov. 4, the Cook County Board of Commissioners distributed more than $12 million in federal foreclosure recovery funding to two groups of communities in south and west Cook County. The funding is part of $28 million that the county received through the U.S. Dept. of Housing and Urban Development (HUD) Neighborhood Stabilization Program, created to assist communities that have been affected by foreclosed and abandoned properties.
The South Suburban Housing Collaborative, which represents 28 communities and is spearheaded by the South Suburban Mayors and Managers Association, received more than $9 million to work in 11 towns. The communities will use this initial investment to jumpstart and leverage additional funding to comprehensively redevelop nearly 500 energy-efficient homes and demolish and/or land bank an additional 200 sites for future mixed-use and transit-oriented development. The West Cook County Housing Collaborative — which is led by IFF and includes six communities — received more than $3 million toward its plan to acquire, rehabilitate and sell 100 foreclosed single-family homes; rehabilitate and rent 44 multi-family units. Both collaboratives also were successful in securing needed dollars for housing counseling by such partners as NHS of Chicago, Spanish Coalition for Housing, and Oak Park Regional Housing Center.
Where We Stand
Foreclosures occur within municipal borders, but their impacts ripple through housing and labor markets across the region. To make matters worse, the amount of foreclosure recovery funding available to communities pales in comparison to the scale of the problem. MPC and the Metropolitan Mayors Caucus (MMC) have been providing technical assistance to the collaborative efforts in south and west Cook County for the past year, to help them more efficiently address an issue that affects all of us.
By working together, they can pool resources, prioritize investments for maximum benefit, achieve economies of scale, and create a "one-stop shop" for developers, employers and lenders. The collaboratives' groundbreaking approach has earned the support of a wide range of nonprofit organizations, foundations and companies across the region, as well as such national thought-leaders as the Brookings Institution. It also has been heralded by the Obama administration as a model for sustainable redevelopment in America's inner suburbs.
MPC applauds the amazing leadership of the communities involved with these interjurisdictional efforts, which have identified several other opportunities for equally large (and larger) awards from other sources. MPC looks forward to continuing this work to catalyze real change and economic growth in the southern and western suburbs.
To read MPC and MMC's media release on foreclosure recovery funding >> To learn more about the Neighborhood Stabilization Program >> To learn more about the benefits of community collaboration >>
Project Progress Report
After months of behind-the-scenes work, MPC is proud to debut its new web site!
Designed in partnership with Webitects, our goal was to create a user-friendly, content-rich experience that communicates MPC’s value as a connector of people and ideas committed to making the region a prosperous and desirable place to live and work. The site is the final milestone in our strategic communications review, conducted with the expert help of Liska + Associates, who also developed our updated mission statement and new logo.
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MPC Hosts "What Makes Your Place Great?" Roundtable
MPC’s October 28 Roundtable discussion featured the people behind the winning submissions to the “What Makes Your Place Great?” photo and video contest.
Principles of Placemaking
Each month, Re-Connection will feature an inspiring true story of people making a changes in their communities. These profiles embody the 11 Principles of Placemaking, and show that working with people who share your passion and vision can make anything possible. Read the latest story, “Keep Chinatown Beautiful” >>
From the Blog
What Waukesha's water plan means for Illinois >> Streetfilms features video from MPC's "What Makes Your Place Great?" Contest >> Burnham Plan Centennial dives into water issues >> Learn about the proposed Livable Communities Act >> One year since President Obama's election: a look ahead >>
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In the News
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MPC in the News Phillips Park has big day in Chicago The Fox Valley Villages Sun, 10/30/2009
'Gary Project' pitches support to business leaders The Times of Northwest Indiana, 10/23/09
A Glimmer Of Hope The TIF Debate Hits The Chicago Airwaves Progress Illinois, 10/22/09
News of Interest Plans take new look at Northerly Island Chicago Sun-Times, 11/10/09
Fed money to target foreclosed Southland homes Southtown Star, November 9, 2009
Innovate Illinois spotlights novel start-ups Chicago Tribune, 11/9/09
Daytrip to Openlands Lakeshore Preserve via Metra for a Beautiful Day Carfree Chicago, 11/8/09
County sends foreclosure assistance to the South Suburbs South Suburban News, 11/6/09
Landing a Green Job The Chicago Reporter, November 2009
Bringing Business Back to Cottage Grove Chicago Talks, 11/4/09
A New Vision for Vacant Land in Cleveland Next American City, 11/2/09
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