Community leaders are set to kick off a program over the weekend aimed at converting vacant and abandoned apartments into homes in Chicago's Woodlawn neighborhood.
The Renew Woodlawn Homeownership Program is funded by the U.S. Department of Housing and Urban Development, the National Foreclosure Settlement Awards and the city of Chicago. The program offers incentives, including grants for down payments and other assistance, to those who purchase and rehabilitate homes. The program looks to create 20 new homeowners in Woodlawn, according to an announcement.
City and federal officials are expected to join community leaders and representatives from the Community Investment Corporation, Neighborhood Housing Services of Chicago Inc., and the Preservation of Affordable Housing to celebrate the program's first home closing. The event will also feature a homeownership resource fair, being held from 11 a.m. to 1 p.m. Saturday at the Woodlawn Resource Center, 6144 S. Cottage Grove Ave.
Ald. Willie Cochran (20th), who is scheduled to attend the event, has additional information about the Renew Woodlawn Homeownership Program on his website.