Neighborhood Stabilization Reimbursement

This week, Neighborhood Programs Division received the final reimbursement check from Illinois Housing Development Authority for work done on the Neighborhood Stabilization Program. All totaled, the City received $2,099,485 for acquisition, rehabilitation, construction, demolition and financing of 13 units. All properties are occupied except for 709 Sherwood and 1209 N. Market. These properties will be land banked until a potential use can be found for them.