In The News

The City of Chicago and Mercy Portfolio Services hosted a recent homebuyer fair at the Kroc Community Center in Chicago’s West Pullman neighborhood. The event was attended by more than 150 individuals from areas throughout the city including Back of the Yards, Cicero, Chatham, Humboldt Park, and several other neighborhoods. Attendees had the opportunity to

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Community Matters Newsletter – Fall 2012 In 2012, Mercy Portfolio Services debuted Developer Central, their latest tool to assist community developers in their efforts to rebuild neighborhoods across the country. Developer Central, a streamlined version of Community Central, is a robust information and process management software solution tailored to developers who acquire, rehabilitate and sell

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Reginald Hughes has called the Pullman neighborhood home since 1970. Over the decades, he has witnessed the once thriving community fall into a steady decline. Yet, recently his hope has been restored. Throughout the course of 2012 Reginald has watched as Mercy Portfolio Services worked with Chicago Neighborhood Initiatives and Safeway Construction Company to transform

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Reginald Hughes has called the Pullman neighborhood home since 1970. Over the decades, he has witnessed the once thriving community fall into a steady decline. Yet, recently his hope has been restored. Throughout the course of 2012 Reginald has watched as Mercy Portfolio Services worked with Chicago Neighborhood Initiatives and Safeway Construction Company to transform Champlain Avenue,

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In 2002 Melvin Bailey started the Community Male Empowerment Project (CMEP) as a way to put ex-offenders and at-risk youth to work. “I pull up on the corner and talk to anybody,” said Bailey. Recently he has been rehabbing houses as part of Chicago’s Neighborhood Stabilization Program and recruiting local residents to do the work.

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Source: Chicago Sun-Times With more than one in 10 houses in Chicago vacant, and experts expecting the foreclosure crisis to continue to grow, nonprofits and the city are renting out more of those properties and offering incentives for those willing to buy. Neighborhood Housing Services, a 35-year-old Chicago non-profit, this year will lend $18 million

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Source: Chicago Tribune Torrey Warship had never owned a home — until the mortgage foreclosure crisis. Through a federal program to renovate foreclosed homes, the 34-year-old public works laborer bought his first house in Waukegan for $138,000. He moved his family out of an apartment and into a two-story, two-bedroom, 2 1/2-bath home in a

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By Bill Goldsmith & Cindy Holler A recent news article delineated the factors causing the housing markets in cities like Chicago to continue their decline including the flood of foreclosures, lack of end-financing loans and the rise of unemployment, all of which is leading to supply of single-family housing in excess of homebuyer demand. Several

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