Reclaiming Chicago Initiative Celebrates New Homes in Roseland
Reclaiming Chicago initiative adds 10 homes in Roseland
Chicago Suntimes
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The Reclaiming Chicago initiative has successfully built 10 new homes in Roseland, a neighborhood on Chicago's South Side, as part of its mission to construct 2,000 homes across the city. This community-led project aims to combat disinvestment and provide affordable housing for working families, with significant financial support and down payment assistance for buyers.
- 0110 new homes have been completed in Roseland, Chicago.
- 02The initiative aims to build a total of 2,000 homes in underinvested neighborhoods.
- 03Homebuyers are receiving about $50,000 in down payment assistance.
- 04The project has raised $52 million to support home construction and subsidies.
- 05Future phases will add more homes to the Roseland community.
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The Reclaiming Chicago initiative celebrated the completion of 10 new homes in Roseland, a neighborhood in Chicago's South Side, marking a significant step in its goal to build 2,000 homes across the city. The campaign, led by the Hope Center Foundation and Chicago Neighborhood Initiatives, aims to address decades of disinvestment in these areas. With $52 million raised, the project provides homebuyers with approximately $50,000 in down payment assistance, making homeownership more accessible. Shenita Muse, executive director of the Hope Center, emphasized the collaborative nature of the initiative, which unites residents, developers, and policymakers to create affordable housing. The success of the first phase has already spurred neighborhood reinvestment, with existing homeowners beginning to renovate their properties. Plans for future development include breaking ground on 20 more homes next fall, followed by an additional 50 homes, further strengthening the community.
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The new homes will provide affordable housing options for families in Roseland, contributing to community stability and revitalization.
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